I have a current group insurance client that we do cost containment services for. They are going into the workers' compensation market and state they will still use our services but need to go through a TPA and are going to consider one from our recommendation.
To capatilize on this, we're looking into purchasing a TPA but are aware that this may take some time. In the meantime, we are considering private labeling with someone else's TPA. Which brings me to this question; when private labeling a TPA, does this require for us to create a new license with the state and additional bonding?
Full Version: Private labeling a TPA require further bonding?
Unusual post. You don't define "private labeling" (sp), so its hard to respond. I didn't even know that "private label" was a verb. I private label, you private label, he, she or it private labels, etc?
If you are setting up a new corporation and contracting the TPA services through another TPA who will render services in the name of your new corporation, the answer would be "yes". If you mean that an existing TPA firm would render services under a special DBA set up for your clients, the answer would be "no".
If you are setting up a new corporation and contracting the TPA services through another TPA who will render services in the name of your new corporation, the answer would be "yes". If you mean that an existing TPA firm would render services under a special DBA set up for your clients, the answer would be "no".
QUOTE (vebaguru @ Aug 14 2006, 02:32 PM) 
Unusual post. You don't define "private labeling" (sp), so its hard to respond. I didn't even know that "private label" was a verb. I private label, you private label, he, she or it private labels, etc?
If you are setting up a new corporation and contracting the TPA services through another TPA who will render services in the name of your new corporation, the answer would be "yes". If you mean that an existing TPA firm would render services under a special DBA set up for your clients, the answer would be "no".
If you are setting up a new corporation and contracting the TPA services through another TPA who will render services in the name of your new corporation, the answer would be "yes". If you mean that an existing TPA firm would render services under a special DBA set up for your clients, the answer would be "no".
Thank you for your reply. The answers given are appreciated.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.