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In the United States, a third-party administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. [1] It is also a term used to define organizations within the insurance industry which administer other services such as underwriting and customer service.
Possibly the most common form is the third-party administrator (TPA). [11] The TPA is an independent firm that does not sell associated investment products. A Pension administration firm can also be a division of a larger corporation engaged in the retirement plan business, such as with Principal Financial Group.
In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans.
American Benefit Plan Administrators, Inc. (ABPA), founded in 1951, [1] was one of the oldest third-party administrator (TPA) firms in the US, managing funds created under provisions of the Taft-Hartley Act, [1] pension plans, and voluntary employees' beneficiary associations (VEBAs). The company was based in Spring Valley, Nevada. [2]
The most recent member of a third party (not an independent) elected to a governorship is Jesse Ventura, a member of the Independence Party of Minnesota who was elected Governor of Minnesota in 1998. While there have been few third parties that have gained traction at the national level, several states have been three-party systems at one point ...
Brent Clark, executive director of the Illinois Association of School Administrators, said Vision 2030 was developed with four goals in mind. “We want to keep students safe, we want to have high ...
Born in 1948, [8] he grew up in Bloomington-Normal and attended Central Catholic High School and Illinois State University. [3] Koos owns Vitesse Cycle Shop, a specialty biking and running store in Normal. [2] He was also an Infantry Platoon Leader in the Vietnam War from 1968 to 1971. [2]
Survey: Third of Illinois small business owners fear revenue losses from tariffs. Kevin Bessler. February 12, 2025 at 12:59 PM ©Blake Wisz | Unsplash