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Why is there an Insurance Company / Third Party Payor (TPA)?

April 26, 2017COMPANY Insurance party payor TPA

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Why is there an Insurance Company / Third Party Payor (TPA)?

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The Insurance Company / Third Party Payor (TPA) is the company that sends payment to your health care provider. They also provide patients and health care providers with information regarding your allowable benefits as established by your employer health coverage contract. You will receive your Explanation of Benefits (EOB) from the Insurance Company / TPA.