TPA LICENSE

[Guest ksk]

The company I work for is looking at administrating flex for a large corporation that has mulitple office through out the United States. I am wondering if we need a TPA license in any of these states to be able to administer flex. I am not sure where to find the answer to this question. Any help would be appreciated. I am mainly concerned with NY, IL, CA.

Thanks

[Ron Snyder]

The answer depends on the insurance laws of each state. Only about 15 states even license TPA firms. The ECFC has a nice library with such information. If you are going to be doing a significant amount of flex administration, you may wish to join. ECFC However, you could contact each of the 3 insurance departments for less than the cost of a membership.

[Kirk Maldonado]

vebaguru:

What I've seen out of the ECFC (which hasn't been much) has impressed me.

However, I understand that it is a very expensive organization for an employer to join. Are the membership costs for TPAs more reasonable?

[Bob R]

I believe they have a reduced fee based on the size of the member organization. One reason for the high fees is b/c they are a lobbying organization. However, they recognize that TPAs will join if resources and educational materials are provided. You might also look to see whether EBIA has any material on this.

[Guest Wislndixie]

You would have to check with each state in which you intend to operate. Also, some states require TPA's to be bonded. You might want to check that out also.

[Guest Nini]

When checking into this, might want to also check "registered" rather than "licensed". I believe North Carolina requires a registration of TPAs doing flex work, but a actual license is not required.

[Guest Guest_ahayhow_*]

The answer depends on the insurance laws of each state. Only about 15 states even license TPA firms. The ECFC has a nice library with such information. If you are going to be doing a significant amount of flex administration, you may wish to join. ECFC However, you could contact each of the 3 insurance departments for less than the cost of a membership.

Can you tell me where on the ECFC site this is? We belong and I cannot find this information (although I have a hard time finding anything on the ECFC site). Thanks