The full form of TPA is Third Party Administrator. The health insurance company’s agent is TPA. It serves as a liaison between the insured party and the insurance company. Its main responsibility is to handle all insurance and cashless claims related to hospitalisation and medical costs. For the processing of claims, it has an IRDA (Insurance Regulatory Development Authority) licence.
TPA Advantages
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TPA supports both the insurer and the insured. Here are a few of its major advantages.
- Greater efficiency or quality connected with the delivery of services
- Higher provision for health insurance
- Streamline Inquiry removes delays
- Low insurance premiums
- Deals with all matters linked to claim settlements
- Provides a 24/7 toll-free number
- It does not accept false claims and tracks potential cheating by private medical centres.
Few Famous TPA Health Insurance
- United Healthcare Parekh TPA Pvt. Ltd.
- Medi Assist India TPA Pvt. Ltd.
- Medicare TPA Services (I) Pvt. Ltd.
- Park Mediclaim TPA Pvt. Ltd.
- Raksha TPA Pvt. Ltd.
- Heritage Health TPA Pvt. Ltd.
- Paramount Health Services & Insurance TPA Pvt. Ltd.
- Good Health TPA Services Ltd.
- Focus Healthservices TPA Pvt. Ltd.
- Vidal Health TPA Pvt. Ltd.