Profile: Triple-S Management Corp (GTS)
21 Feb 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 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 lines of business of Property and Casualty Insurance segment are commercial multiple peril, auto physical damage, auto liability, and dwelling. It also offers complementary 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, among others. 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. It also provides its PPO members with access to a larger network of providers than its HMO. It also offers coverage for PPO members accessing providers outside of the network and national in-network coverage to its PPO members through the BlueCard program.
The Company's BlueCard worldwide program provides PPO members with coverage for medical assistance. The Company offers the BlueCard program to its members purchasing its PPO and to selected members under administration services only or self insured (ASO) arrangements through its subsidiary TSS. The Company offers PPO products on a self-funded or ASO basis, under which it provides claims processing and other administrative services to employers and Medicaid. Employers choosing to purchase its products on an ASO basis fund their own claims, but their employees are able to access its provider network. It administers the payment of claims to the providers. It also provides stop loss insurance.
The Company offers various life, accident, disability, and health and annuity products in Puerto Rico through its subsidiary, Triple-S Vida (TSV). TSV markets in-home service life and supplemental health products through a network of company-employed agents. TSV is a distributor of life products in Puerto Rico. It is a home service company in Puerto Rico and offers issue, funeral and cancer policies to the lower and middle-income market segments directly to people in their homes.
Property and Casualty Insurance
The Company offers a range of property and casualty insurance products through its subsidiary, Triple-S Propiedad, Inc. (TSP). Its insurance products are commercial multi-peril package, personal package, commercial auto, hospital malpractice, commercial liability and commercial property. The Company maintains a reinsurance program as a means of protecting its surplus in the event of a catastrophe.
Triple-S Management Corp
Ave. F.D. Roosevelt 1441
SAN JUAN 00936