TPA E&O and Billing software

[Guest OneChek]

I own a NAIC compliant and state licensed TPA that specializes in consolidated billing. Between the state regs, TPA fees, TPA bonding, and worse, the TPA E&O requirements, the costs are staggering to remain compliant. Since many states now require an annual audit, expenses have gone out of the roof.

If anyone is also a licensed TPA, can you share your source of TPA E&O? We have have used a large broker from OK from years, and the last few years, we've been with Lloyd's. Virtually every state DOI now requires any firm that does insurer billing to have TPA Bonding (fidelity as well as surety in some states), TPA E&O, as well as annul audits.

We are looking also to upgrade our billing software.

Thanks,

Bill Ball

President

HAC