Third Party Administration

What is Third Party Administration (TPA)?

A TPA (in our case) sources the best possible combination of products from different insurers to put together the best package to suit our client's needs. We then service that package to the best of our ability.

How are we different from other TPAs?

Our leading-edge systems enable us to take away the need for employers to administer their own benefits program. Administering a group insurance benefit program involves managing detailed, vital, personal information to legislated standards. You will no longer need the resources to manage the administration of your employee benefits program; we have you covered. We recognize that to survive and thrive, businesses require clear opportunities to focus on their core business activities. Effective and efficient plan administration is our core business.

What's involved in plan administration:

Employee record maintenance

Knowledgeable, experienced and committed benefit administrators that update and maintain all employee records on an ongoing basis with prompt replies to inquiries.

Designated support

Direct access to and personalized service from designated benefit administrators is available to every employee.

Regular updates and reminders

Information and well-timed notices pertaining to beneficiary records, salary levels and employee coverage status.

Detailed reports and billing statements

Precise and detailed monthly billing statements including volume of coverage and eligibility for "non-medical" limits.

Benefits of effective plan administration:

Employee satisfaction

Proper coverage levels are in place and employees are confident the necessary information is accurately maintained and secure.

Reduced costs

No need to employ your own benefits administrator as the individual who maintains the plan information will spend little time with unnecessary maintenance using our streamlined processes.

Reduced liability

Potential employer liability associated with administrative errors or omissions can be very costly. Rest assured.

Business focus

Less time spent managing your benefits program and employee records means more time to focus on your own business activities.

 

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News and Events

  • New Ownership
    2014 January - Calgary-based groupSource LP announces new ownership.
    more...
  • Bosco Homes...
    2012 February - groupSource is proud to support Bosco Homes' fundraising events, for the benefit...
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Legislation Updates