Why is a different company handling my claim for short or long term disability benefits?
- Third Party Administrator Role in Disability Insurance Claims
Author: Attorney Gregory Dell
There are many insurance companies that sell short and long term disability insurance policies, but they do not administer the policy if a disability claim needs to be made. Most large companies such as AT&T and Walgreens will self fund their disability insurance benefits and use a third party administrator to make a decision on a claimant’s eligibility for benefits. Equitable Life Insurance company sold disability insurance policies for many years, but they us Disability Management Services to handle any filed claim. Watch our video to learn more about third party administrators.