ATLANTA, Sept. 11 /PRNewswire/ -- Members of the TPAA (Third Party Administrator Alliance) received another competitive advantage this week when the organization announced Part D Advisors, Inc. as a Preferred Partner. The TPAA is an independently owned and operated alliance of third party administrators (TPAs) providing lead generation and other services designed to level the competitive playing field. Exclusive access and discounted prices from companies like Part D Advisors help TPAs round out their offerings and increase profitability.
Part D Advisors specializes in helping companies recover tax-free, 28% subsidies on the money they spend on prescriptions for Medicare-eligible retirees. By subcontracting with Part D Advisors for these services, TPAs can fill an important need for clients who offer benefits to retiring employees.
"Not many companies are equipped to navigate the maze of federal regulations and the 40-50 steps required to get drug subsidy payments," says John Eggertsen, president of Part D Advisors. "This is all we do, so we're able to keep up with the changes to Medicare and the application process. Typically, we get 5-10% more people approved for subsidies, we find up to 5% more drug claims that qualify and we file payment requests monthly instead of annually. It all adds up to a sizeable difference in the subsidy dollars clients can collect." In addition to larger subsidies and administrative relief, Part D Advisors gives clients peace of mind with strict adherence to federal guidelines, in-house data management and records maintenance for six years in case of an audit.
TPAA President Mark Oelschlager chose Part D Advisors for their expertise and track record of doing things right. "We're committed to giving our members access to the best in the business," says Oelschlager, "and Part D Advisors passed the test. I don't know of anyone else who provides the 'soup to nuts' service they do, and certainly no one who does it as well. I couldn't be more pleased to have them on the TPAA team." The TPAA recently launched a multi-year service upgrade, which includes an enhanced lead generation system, more Broker involvement and improved partner solutions. "Part D Advisors fits perfectly into our strategy to give members a mix of niche and broad-based services," says Peggy Wolford, TPAA's chief executive officer. "We thank John Eggertsen for bringing his company onboard and we look forward to a mutually rewarding relationship."
About Part D Advisors, Inc.
Founded by specialists in data management, pharmacy benefits, health care consulting and federal health regulations, Part D Advisors, Inc. is among the few, if not the only, solutions provider with the knowledge and industry relations necessary to expertly navigate all aspects of the Retiree Drug Subsidy maze. Employing the latest technologies in communications such as real-time online conferencing, the firm provides Retiree Drug Subsidy application and follow-up assistance for clients across the continental U.S. They are also engaged by third party administrators and pharmacy benefit managers who wish to subcontract Retiree Drug Subsidy services to their clients. For more information, visit http://www.partdadvisors.com
About the TPAA
The Third Party Administrator Alliance (TPAA) is an alliance of the
nation's top independently owned third party administrators. The TPAA was
founded to drive business to member TPAs and supply them with aggressive
lead-generation programs and superior marketing tools. In addition, members
enjoy discounts provided by TPAA-selected partners in stop-loss insurance,
PPO networks, pharmacy benefits management, medical management,
out-of-network repricing, plan design, debit/smart cards, subrogation,
fraud and more. Each TPAA member has been individually selected and
approved for membership, based on its track record with employer groups,
brokers and benefits consultants. All share a common set of core values
emphasizing personalized service, professional delivery and technical
expertise. The TPAA is headquartered in Atlanta, Georgia. For more
information, contact Mark Oelschlager at 404-574-4712 or MarkO@theTPAA.com.
Visit http://www.theTPAA.com .
Contact: Mark Oelschlager
|SOURCE Third Party Administrator Alliance (TPAA)|
Copyright©2008 PR Newswire.
All rights reserved