What is a TPA? What benefits do they offer?

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A TPA or Third Party Administrator is an independent entity for processing medical claims and cashless services. They offer policyholders 24 x 7 support, with hospitalization, claim filing and settlement, ambulance services in an emergency, facilitating cashless service in network hospitals based on the authorized limit, claims processing, reimbursement when non-network hospitals are used and any other services listed by the health insurance policy.