Can a Vumi® Canada Prestige VIP TPA Plan Help with Your Group’s Health Care Needs?
“TPA” is a term you often hear bandied about when the discussion turns to health care, but not many folks have a clear understanding of what it actually means. Let’s start here: a TPA is a Third Party Administrator.
Employee group benefits plans are often managed by a TPA on behalf of an employer. Each month, this employer contributes a fixed amount into a trust. The TPA administers those funds primarily to pay insurance premiums, as well as to process and reimburse employee claims, and pay taxes.
Utilizing the expertise of a TPA is a convenient option for small and mid-sized companies committed to offering their employees comprehensive health benefits, but are lacking the bandwidth to effectively administer a group insurance plan. For them, a TPA plan is a “one-stop shop” option, with benefits and pricing adapted to a company’s specific needs.
A VUMI® Canada Prestige VIP TPA plan offers top benefits with flexible deductible options. The maximum coverage is up to C$1,000,000 (up to the age of 75). There are no restrictions for choosing doctors or hospitals. Our comprehensive inpatient, outpatient, and medical evacuation benefits make our plan a “best-in-the-business” solution for TPA’s and their clients.
To learn more about how VUMI® Canada can work for you, contact us at firstname.lastname@example.org