1.0Glossaryhttps://www.healthbenefitstimes.com/glossaryGlossaryhttps://www.healthbenefitstimes.com/glossary/author/adminglossary/Third party - Definition of Third partyrich600338<blockquote class="wp-embedded-content" data-secret="QkVzHrEf11"><a href="https://www.healthbenefitstimes.com/glossary/third-party/">Third party</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.healthbenefitstimes.com/glossary/third-party/embed/#?secret=QkVzHrEf11" width="600" height="338" title="“Third party” — Glossary" data-secret="QkVzHrEf11" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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A term used in connection with health care financing. The first and second parties are the patient and the provider. The third party is a payer who is neither of these. Examples are Blue Cross and Blue Shield, commercial insurance, and government. Third parties are increasingly employers, who try to save the money paid to insurance companies or other third parties.