What is causing the huge increases in the costs of my self-insured medical plan?
> One reason that costs of self-insured medical plans are skyrocketing is that TPA’s are paying for medical bills everyday that should be rejected. Organizations with self-insured health plans are being targeted by medical providers for aggressive billing tactics. Medical providers know that TPA’s have an incentive to process their bills quickly, not accurately. Studies show that 8 out of 10 medical bills contain errors. If these errors are not identified and corrected then an organization’s health care dollars are being wasted. For even the smallest self-insured plans these overcharges can add up to hundreds of thousands of dollars. > Self-insured plan sponsors have a fiduciary obligation to make sure that claims are paid properly and plan costs are kept as low as possible.
