How are Taft-Hartley TPAs doing in that shrinking market?
Yes, the T-H market is about half as many workers as 25 years ago. However, there are good plans out there to keep the 100 or so TPAs who specialize in that market busy. Some T-H TPAs have also found themselves solicited to take on benefits for state/local governments & subsets, jails, and other kinds of plans & coverage where the skills & experience from T-H are very useful. >>>>What do TPAs bring to the table and how do they distinguish themselves? PERSONALIZED SERVICE, with the added increasingly-appreciated bonus of practical government compliance expertise & application. SPBA’s TPAs have become the one-stop-shopping for client plans & employers to design, consider financial factors, administer on a day-to-day basis, and steer through the minefield of government rules. So, the TPA of today has come a long way from the old image of just a claims processor. Today, TPAs are probably the most broadly informed players in employee benefits. (More later about different kinds of entities w
