What is the statute of limitations for a third party admin to collect on adjudicated claims?

The statute of limitations for a third-party administrator (TPA) to collect on adjudicated claims typically varies by jurisdiction and the type of claim involved. Generally, it can range from 3 to 6 years, depending on state laws and the specifics of the agreement between the TPA and the claimant. It’s important for TPAs to be aware of local laws to ensure compliance and timely collection efforts. Always consult legal counsel for precise guidance based on the relevant jurisdiction and circumstances.