Profile: Triple-S Management Corp (GTS)
26 May 2017
Triple-S Management Corporation, incorporated on October 9, 1996, operates as a managed care company. The Company offers a range of managed care and related products in the commercial, Medicaid and Medicare markets. The Company's segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors. The Life Insurance segment offers life and accident and health insurance coverage, and annuity products. The premiums for this segment are mainly subscribed through an internal sales force and a network of independent brokers and agents. The insurance products of Property and Casualty Insurance segment includes commercial package, commercial auto, and personal package. The premiums for this segment are originated through a network of independent insurance agents and brokers. It also offers various products and services, including life insurance, accident and disability insurance and property and casualty insurance.
The Company, through its subsidiaries, Triple-S Salud, Inc. (TSS) and Triple-S Advantage, Inc. (TSA), offers a range of managed care products, including Health Maintenance Organization (HMO) plans, Preferred Provider Organization (PPO) plans, Medicare Supplement, Medicare Advantage and Medicaid plans. It caters to a range of customers, including employers, professional and trade associations, individuals and government entities. The Company's HMO plans provide members with healthcare coverage for a fixed monthly premium in addition to applicable member co-payments. Its healthcare services include emergency care, inpatient hospital and physician care, outpatient medical services, and supplemental services, such as dental, vision, behavioral and prescription drugs.
The Company offers PPO managed care plans that provide its members and their dependent family members with healthcare coverage in exchange for a fixed monthly premium. The BlueCard program offers these members in-network benefits through the networks of the other Blue Cross and Blue Shield (BCBS) plans in the United States and certain territories in the United States. In addition, the BlueCard worldwide program provides its PPO members with coverage for medical assistance across the world. The Company offers Medicare Supplement products, which provide supplemental coverage for various medical expenses that the Medicare Parts A and B programs do not cover, such as deductibles, coinsurance and specified losses that exceed these programs' maximum benefits. In addition to its insured plans, the Company offers PPO products on a self-funded or administration services only (ASO) basis, under which it provides claims processing and other administrative services to employers.
Life Insurance segment offers a range of life, accident, disability and health and annuity products in Puerto Rico through its subsidiary, Triple-S Vida, Inc. (TSV). TSV is a distributor of life products in Puerto Rico. It offers guaranteed issue, funeral and cancer policies to the lower and middle income market segments directly to people in their homes. It also markets its group life and disability coverage through its independent producers.
Property and Casualty Insurance
Property and Casualty Insurance segment offers a range of property and casualty insurance products through its subsidiary Triple-S Propiedad, Inc. (TSP). Its insurance products include commercial multi-peril package, personal package, commercial auto, hospital malpractice, commercial liability and commercial property. This segment's commercial products target small to medium size accounts.
Triple-S Management Corp
Ave. F.D. Roosevelt #1441
SAN JUAN 00936