What is a Third Party Administrator (TPA)?

A Third Party Administrator (TPA) is an organization that maintains all records of persons covered under an insurance plan and also may pay claims, issue premium notices and provide other administrative services.

As a TPA, Lockard & Williams will assist an employer in handling all of the administration functions of a partially self-funded health plan or fully insured plan.  The services for self-funded groups include placing of the stop loss coverages, processing the payment of claims, billing functions, contracting with PPO networks and printing employee plan documents and employee ID cards.  Fully insured groups will obtain assistance with group set up, enrollment meetings, assistance to employees and their dependents as well as annual renewals.

 

What Lockard & Williams can offer you:

Service

At Lockard & Williams, we pride ourselves in providing a higher level of service.  In a high-tech world, you can rest assured that our people are the key ingredient to a successful relationship.

Forecasting & Planning

Lockard & Williams provides claims reports on a monthly basis, rather than quarterly, semi-annually or annually.  Reports include aggregate retention, claims summary, claims analysis and claims activity.  Lockard & Williams provides clients with the real-time information necessary to allow for on-going decision making and control of your budget dollars.

Technology

 Lockard & Williams uses a state-of-the-art computer system that allows us an almost paperless process with instantaneous access to claim information.  This means we can analyze and process claims much faster than historically possible, providing better service for both the employee and the employer.

Education & Compliance Consulting 

We offer our clients what they need to make informed decisions.  The result is peace of mind!

 

At Lockard & Williams Insurance Services, P.A., we want you to know that you are a priority to us!  We will review your current benefits and show you how we can save you and your employees money.  We know the more you save, the more you will be satisfied with our services.  Call us today and let us show you how we can help you!

Services Provided:


Self-Funded Medical & Dental
Local Administration
  • Plan Design Consulting
  • Enrollment & Education
  • Managed Care Networks
  • Forecasting & Planning
  • Compliance
 
Fully Insured Medical & Dental
  • Local Assistance
  • Plan Design Consulting
  • Enrollment & Education
  • Managed Care Networks

 

COBRA / HIPAA Administration
 
Section 125 / HRA Administration
  • Premium Only Plan
  • Flex Spending Account
  • Dependent Care Account
  • Health Reimbursement Arrangement

 

Life Insurance
  • Group Life / AD&D
  • Voluntary Life

 

Disability
  • Short Term
  • Long Term

 

Voluntary Products
  • Accident Plan
  • Cancer Plan
  • Hospital Supplement Plan
  • Vision Plan

 

Consolidated Billing
 
Individual Medical Policies
  • Children (Up to 18 years of age)
  • Adults (19 to 64 years of age)
  • Medicare Eligible