Glossary

Glossary

T

Terminal Rider
A terminal rider allows for an extension of stop-loss insurance upon termination of a self-funded program.  Typically, it extends coverage for three months to pay claims that participants incurred during the past policy year.

Related Terms: Stop-Loss Coverage
Third-Party Administrator — TPA
A TPA is an organization that handles the administrative duties of claim administration on behalf of a group health plan.

Related Terms: Administrative Services Only, Claim Administrator
TPA
The term "TPA" means third-party administrator.

Related Terms: Third-Party Administrator
Trigger Point
A trigger point is the aggregate deductible.

Related Terms: Aggregate Deductible
Trust
A trust is a legal entity that is created when a person or organization transfers assets to a trustee for the benefit of designated persons.

Related Terms: Trustee
Trustee
A trustee is a person, bank, or trust company that has responsibility over financial aspects of funds (e.g., receipt, disbursement, and investment).  If a bank or trust company does not exercise these responsibilities, a board of trustees, in which an individual trustee has one vote, usually will exercise them.

Related Terms: Custodian, Fiduciary, Trust

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