Self-funding your organization’s benefits plan comes with a worthy list of advantages, but “ease of use” is not one of them. For this reason, many organizations that self-fund turn to third-party administrators (TPAs) to handle the brunt of the paperwork.
A TPA may handle claims processing, collection of premiums, manage workers’ compensation and disability programs, contract for PPO (preferred provider organization) services... [452 word article, January 2011]