About us
Why is an independent contract third party administration firm (often called a TPA) and its membership in the Society of Professional Benefit Administrators (the national association of independent TPA firms) so valuable to the administrator and his clients?
COST SAVINGS -- An independent TPA can bring an employer significant savings. Instead of paying 100% of the costs for in-house benefits administration, an employer can pay a fraction of that price for a wider range of expertise.
FLEXIBILITY -- The employer's plan is the prime concern of the TPA firm. Therefore, the employer and the TPA work together to design and operate a custom-made program and its corresponding funding mechanism.
PERSONALIZED SERVICE -- Just as the design and the implementation of the employees' plan are personalized . . . so, too, is the service. The TPA knows the plan, covered employees and the medical providers - a great combination for the employer!
GOVERNMENT COMPLIANCE -- With the increasing enforcement and fines for ERISA Fiduciary Prohibitions against "self-dealing," the arm's-length role of the TPA becomes even more valuable to employer/plan fiduciaries. TPA's have continually been in the forefront of finding, following, and helping to shape the numerous federal laws, regulations, interpretations, and major court decisions that apply to self-funded plans each year.
INTEGRA IS A CHARTER MEMBER OF SPBA