Third Party Insurance Administrators
Third party insurance administrators are required to fulfill the requirements of HIPAA (the Health Insurance Portability and Accountability Act of 1996). HIPAA requires strict compliance to protect the personal and health information of all plan participants. The Administrative Simplification provisions set the standards for the electronic transfer of all health information for employers, insurance carriers, and providers. As third party insurance administrators, we at The Boon Group fully subscribe to the requirements as stated in HIPAA. We have in-house counsel to monitor all activity for total compliance with these rules and regulations. We recognize the importance of protecting the personal information of every claim processed, and we require all employees to participate in privacy training. Duties of Third Party Insurance Administrators Since the 1980s, we have been working diligently to provide quality, confidential, and affordable benefits for employees that are not eligible for traditional group benefits. Many hourly-paid employees, such as government contractor employees, do not meet the criteria of group insurance policies. We formed an alliance with national healthcare carriers to provide flexible, affordable coverage for employees without access to group benefits. As third party insurance administrators, we manage the design, presentation, implementation, and day-to-day claims processing of insurance plans. In addition to HIPAA regulations, we stay current on laws and regulations by state and federal agencies that control government contractor projects. For more information about our services as third party administrators, contact us online, or try our toll-free number. One of our service professionals will gladly assist you.
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