TPA vs In-house claims processing: What works better?
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The author of the article, Deepak Yohannan, is CEO of www.myinsuranceclub.com, India’s first Web Aggregator for insurance products approved by the Insurance Regulatory and Development Authority (IRDA). For related queries, please write to him at firstname.lastname@example.org.
While choosing a Health Insurance Plan, this is quite an important consideration-Third Party Administrator (TPA) or in-house claims processing? I have often come across people with this query, particularly since the new Health Insurance Plans are now advertising No TPA as their USP of the product.
What is TPA and what in-house claims processing? And how is one different from the other? Visit the slideshow to find out.