TITLE

TPAs focusing on wellness to reduce claims

AUTHOR(S)
Wann, Paul
PUB. DATE
April 2007
SOURCE
Employee Benefit News;Apr2007, Vol. 21 Issue 5, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article deals with the use of wellness promotion by third party administrators (TPAs) to reduce medical insurance claims. According to studies, 50 percent of people with chronic conditions are not taking their medications to manage their disease due to the costs involved. Also noted is that claims for medical expenses can be avoided by investing in wellness programs. It adds that administrative fees of a TPA are typically 50 percent of those charged by insurance carriers.
ACCESSION #
24809548

 

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