QQuestionHuman Resource Management
QuestionHuman Resource Management
Which of the following is an example of a third-party administrator?
A. Outside organization that manages a sales team
B. Outside organization that processes claims for an employer's self-funded group plan
C. Outside organization that serves as an arbitrator in Social Security claims
D. Outside organization that conducts investigations into fraudulent claims
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Answer
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Step 1I'll solve this problem step by step:
Step 2: Understand the definition of a third-party administrator (TPA)
A third-party administrator is an outside organization that provides administrative services for another company's insurance or benefit plans. Their primary role is to handle specific administrative tasks on behalf of the original plan sponsor.
Final Answer
B
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