Third Party AdministratorAgency: Insurance and Financial Services
Required State License(s):
An individual or business which processes claims for benefits (medical, surgical, dental, etc.) and provides one or more other administrative services in compliance with a service contract (other than under a workers' compensation self insurance program) are required to be licensed with the Department of Insurance and Financial Services; 517-373-0234.
Third Party Administrator's collect insurance claims on behalf of an employer and generally take over administration of any insurance plan--for an administrative fee.