Healthcare costs for your employees are at an ever increasing high. If you are a self-insuring employer covering your employee's healthcare benefits, this is something you are continually concerned about. The majority of Third Party Benefits Administrators (TPA's) will do an excellent job of keeping your employee benefit expenses as low as possible and are deserving of your trust. However, without a system of checks and balances how can you be sure that your money is well spent?

In our experience, we have found that overpayment percentages are at least 2%, sometimes higher. In fact during the last year, MBA auditors reviewed $20,627,685.01 in healthcare benefit payments. Of that total, $516,449.16, or 2.5% of all claims dollars reviewed were identified as overpaid. Use the EXPECTED AUDIT RESULTS calculator under the Business Tools Section to see how much your your healthcare benefits could be overpaid (based on your company's healthcare claims paid.)

Every TPA is different and some do a much better job than others. The only way to ensure that your TPA is performing as it should is to conduct an audit. You can review the SERVICES section to see exactly what MBA can do to help you gain peace of mind in your Third Party Administrator.