About Our Third Party Administrator Plans

Third Party Administrator Employee Benefits Ontario

Youngs-Ten Star is a Third Party Administrator (TPA) that manages employee group benefit plans on behalf of an employer.

TPA's offer an alternative to conventional employee group benefit plans and can provide group insurance administrative services more cost-effectively and with more flexibility than traditional insurance carriers. 

A significant advantage of a TPA with Youngs-Ten Star is that our staff have the expertise to administer the entire claims process – in-house.  With conventional plans, this task is usually handled by staff at the group insurance carriers.

This is a huge asset because all the needs of the business and its' employees are handled through one central location. No more waiting for support. We look after you in real time.

TPA SERVICES

  • Claims adjudication & payment by direct deposit or cheque
  • Response to employee & administrator inquiries
  • Maintenance of accurate employee benefits records
  • Detailed monthly billing statements – by division and by department as required
  • Administrative account updates and billing adjustments 
  • Employee forms and communication materials
  • Online administration for enrollment changes and termination
  • Plan administration procedures manual

Financial Reporting

Each month we provide monthly claims reports, eliminating the need for an annual renewal review.

Monthly financial reporting is customized for your needs and can include: current month, year to date, and prior year to date for on-going monitoring and trend analysis.

Your Plan. Your Way.

We believe in providing our clients with options, so you can choose what works best for your business. Whether you are self-employed or have both full and part-time employees, operate a franchise business or are a growing mid-sized company, Youngs-Ten Star can help you make your employee group benefit budget go farther. 

Our employee group benefit experts will customize a plan for you and your employees – with options like Health & Dental, Executive Cost Plus, Travel Insurance, Health Spending Accounts and Pooled Benefits (Group Life, Dependent Life, Critical Illness, Short/Long Term Disability, etc.)

Claim Reimbursement Made Easy.

Both physical and digital Drug/Dental cards are provided to employees so that claims can be submitted electronically for quick reimbursement. This saves your employees out-of-pocket expenses at the hospital, dentist, and pharmacy.

Rate Credibility For Monthly Cost Stability.

We’ll calculate a credible deposit rate to stabilize your monthly cost. 

Employer-Owned Reserve Remains Your Asset.

At the end of each month, we reconcile your account claims and fees. Then, you own the reserve which is carried forward.

Easy Access To All The Information You Need.

With our online claims portal/mobile app you have access to your benefit booklet, drug card, forms, claims history, explanation of benefits, and you can see how much of your coverage you have used within the year - whenever you want!

Extraordinary, Personalized Customer Support

The Youngs-Ten Star team loves helping you and your employees. We strive for outstanding customer service by ensuring you and your employees are serviced in a quick and friendly manner.


KNOW YOUR OPTIONS – WITH YOUNGS-TEN STAR

How do you balance the cost of employee group benefit plans with the actual benefits to you and your employees?

Employee benefits are often a significant portion of an employer’s compensation costs – but at the same time, they are also an important recruitment and retention tool.

Franchise owner decides against the 'corporate package' – and gets much more for his money

With the same budget, this client was able to get the benefit package he wanted, plus was able to provide a group RRSP for his employees.