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third party |
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third party, n the party to a dental benefits contract that may collect premiums, assume financial risk, pay claims, and provide other administrative services. Also called administrative agent carriers, insurers, or underwriters. third-party administrator (TPA), n claims payer who assumes responsibility for administering health benefit plans without assuming any financial risk. Some commercial insurance carriers and Blue Cross/Blue Shield plans also have TPA operations to accommodate self-funded employers seeking administrative services only (ASO) contracts. third-party payer, n an organization other than the patient (first party) or health care provider (second party) involved in the financing of personal health services. third-party payment, n payment for services by someone other than the beneficiary (e.g., when an employer or union makes such payment). |
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