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What to Consider when Choosing a Third Party Administrator (TPA) for Your Self-Funded Health Plan

The vast majority of American workers view their health plans as the most essential benefit provided by their employers - and it's also the most expensive for employers to provide. This means that choosing how employee benefits are administered is one of the most important decisions that an employer can make. Here are a few factors to consider when choosing a TPA to entrust with the responsibility of administering your employee benefit plan:

Experience: GBS has 25 years of experience in creating and administering self-funded health plans nationwide and is the only TPA in the U.S. to be rated as an "Expert Insurance Provider" by AM Best 10 years in a row. GBS has been an A+ BBB Accredited Business since 2004 and has also earned the BBB Principles of Trust Award in recognition of our ethical business practices.

Compliance: GBS uses the most highly sought after legal resources in the nation to ensure compliance with all required ACA, ERISA and HIPAA regulations and ensure choice when exempt from regulation.

Transparency: GBS provides you with all the information about how your Plan is running, where funds are going, and a variety of strategies to improve costs. GBS offers recommendations on how to use that information to make sound decisions regarding your benefit program.

Personalized Service: GBS provides dedicated claims service - the claims examiner who processes claims for your organization also provides customer service for your members.

Efficiency & Accuracy: Our average claims turnaround time in 2014 was only .52 of one day while maintaining a 99.9% accuracy rating!

GBS is a consulting TPA that will partner with you to provide turnkey solutions for your employee health plan. We will provide financial solutions, create customized plan designs that meet your company's specifications, and handle complete administration of your employee benefits.

To learn more about the options GBS can provide for your employee benefits,
request a proposal or watch this short video.
Posted 12:49 PM

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