| Company
Overview
 Island
Group Administration, Inc. and its principals
have been providing self-funded claims administration
services, as well as consulting services since
1972. The founders of Island Group have successfully
established and/or administered self-funded programs,
both in the public sector (Municipalities and
School Districts), and private sector. As of September
1992, Island Group provided self-funded third
party administrative services to more New York
metropolitan area municipal employers, than any
other third party administrator. From this base
of municipal employers, Island Group has expanded
the client base to include many private sector
employers who have the same desire as municipal
employers; saving dollars while preserving the
employee benefits.
Island
Group Administration, Inc., officially established
its own corporate entity in 1990 and is devoted
exclusively to the establishment, design, implementation
and administration of self-funded medical, dental,
optical and Worker's Compensation programs. Many
of our clients have facilities, employees and
retirees located throughout the United States.
We are an approved third party administrator (TPA)
by many New York licensed, "A" rated
reinsurance companies.
Island
Group Administration, Inc., has the expertise and staff
resources to provide a client with all of the services
and capacity of a major health insurance company, while
concurrently providing our client with individualized
services necessary and appropriate to a well managed
self-funded program.
Island
Group Administration, Inc., through the usage of our
Participating Provider Organization, provides a unique
benefit to our client employers and employees. The plan
participants enjoy increased benefits, ie. lower deductibles
and coinsurance, assignment of benefits though direct
billing, ease of claim filing, etc. Our client employers
save claim dollars each and every time a plan participant
uses a PPO provider. Our PPO network was developed around
the physicians, dentists and practitioners that our
clients' employees actually use. We do not canvas an
area merely to enroll providers, as these are just a
listing of names. Unlike an HMO program, the plan participants
have the free choice of any practitioner, and/or a member
of the PPO. This provides the utmost flexibility within
the self funded program.
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