What is the full form of TPA?
The full form of TPA is Third Party Administrator. TPA is the agent of the health insurance corporation. It acts as a mediator between the insurance provider & the insured individual. Its primary role is to address all cashless and insurance claims linked to hospitalisation and medical expenses. It carries an IRDA (Insurance Regulatory Development Authority) licence for the processing of claims.
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.
- 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.