BMI BENEFITS, LLC. TPA
(3rd Party Administrator)
(Third Party Administrators), and their acquired expertise, have become
an important element in the health care field. The success or failure of
a special risk Accident, or Accident and Sickness program, in many
cases, is dependent on the quality of the claims administration. An
effective and diligent claims administration group can mean reductions
of up to 50% and higher, in the overall loss ratio.
In addition, the expeditious and courteous
handling of claims will greatly ease the job of the school and
organization administrators responsible for the insurance coordination.
This excellence of service also makes the claims department a part of
the “sales” team, since excellence in claims service is directly
proportional to policy retention (and referrals!).
Bob McCloskey Insurance has been administering and
adjudicating special risk medical claims since 1986, and is now doing
all TPA work through the newly formed company, BMI Benefits, LLC. Over
that time we have developed and refined an automated claims system which
is programmed by account for specific benefits, and is self-adjudicating
to those benefits. We have also built in automated controls for time and
money limits to eliminate areas of potential error(s). Finally, our
claims staff has been trained to be very customer friendly, greatly
enhancing business retention potential.
We can provide:
Fully insured plans with TPA services included
SIR (Self Insured Retention) plans
Claims administration for deductible portion of
retained, self-funded portion of these plans
ASO (Administrative Services Only) for colleges, and
For more information on our TPA services, please