SCHEDULE 1
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE RESERVE ANALYSIS
AS OF: NOVEMBER 2019
FINAL
BEGINNING BALANCE 7/1/19 2,193,048.90
DEPOSITS:
EMPLOYER CONTRIBUTIONS 2,203,108.58
CO-PAY EMPLOYEES 440,737.35
RETIREES 120,030.65
COBRA 5,503.44
INTEREST 84.56
TOTAL DEPOSITS 2,769,464.58
EXPENSES:
CLAIMS 2,229,845.50
ADMIN FEE 296,634.37
HSA EMPLOYER CONTRIBUTION 124,000.02
Federal Excise Tax 1,807.44
Wellness Program Fees 0.00
Wellness Program Incentives 0.00
Year End Settlement 0.00
State Assessment 0.00
PPI Benefits 21,370.50
Actuarial Services & PY Adj & Audit Fees 0.00
Other 0.00
TOTAL EXPENSES 2,673,657.83
ENDING BALANCE 2,288,855.65
AVERAGE MONTHLY CLAIMS 448,628.29
(Includes claims+admin fee)
(Based on a 13 month average)
AVERAGE MONTHLY RESERVE 5.10
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SCHEDULE 3
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE MONTHLY SUMMARY
AS OF: NOVEMBER 2019
REVENUES EXPENSES MONTHLY YTD
Wellness State PPI
EMPLOYER CO-PAYS TOTAL CLAIMS/FEES ADMIN HSA Other TOTAL BALANCE BALANCE
Program Assessment Benefit
BEG BALANCE 2,193,049
Jul-19 436,354 51,232 487,586 554,990 0 0 0 4,483 19,042 1,807 580,322 (92,737) 2,100,312
Aug-19 436,354 42,075 478,429 247,381 121,032 0 0 3,846 0 0 372,259 106,169 2,206,482
Sep-19 436,354 155,669 592,023 492,490 58,713 0 0 4,493 104,958 0 660,655 (68,632) 2,137,850
Oct-19 450,580 163,416 613,995 386,322 58,657 0 0 4,142 0 0 449,120 164,875 2,302,725
Nov-19 443,467 153,965 597,432 548,662 58,232 0 0 4,408 0 0 611,301 (13,870) 2,288,856
Dec-19 0 0 0 0 0 0 0 0 0 0 0 0 2,288,856
Jan-20 0 0 0 0 0 0 0 0 0 0 0 0 2,288,856
Feb-20 0 0 0 0 0 0 0 0 0 0 0 0 2,288,856
Mar-20 0 0 0 0 0 0 0 0 0 0 0 0 2,288,856
Apr-20 0 0 0 0 0 0 0 0 0 0 0 0 2,288,856
May-20 0 0 0 0 0 0 0 0 0 0 0 0 2,288,856
Jun-20 0 0 0 0 0 0 0 0 0 0 0 0 2,288,856
TOTAL 2,203,109 566,356 2,769,465 2,229,846 296,634 0 0 21,371 124,000 1,807 2,673,658 95,807
MONTHLY AVERAGES:
DEPOSITS 553,893
EXPENSES 534,732
CONTRIBUTION TO
RESERVE 19,161
E. Gallupe 1/2/2020 12:37 PM
COLCHESTER
COLCHESTERBOARD
BOARD OFOFEDUCATION
EDUCATION
13
13 MONTH
MONTHMEDICAL
MEDICAL CLAIMS
CLAIMS TREND
TREND HISTORY
HISTORY
(PAID
(PAID CLAIMS
CLAIMS AND
AND NETWORK
NETWORKACCESS
ACCESS FEE)
FEE)
BUDGET
Excludes YEAR 2002/2003
Administrative Costs
1.2
700,000
600,0001
500,000
0.8
AMOUNT
400,000
AMOUNT
0.6
300,000
0.4
200,000
0.2
100,000
00 1
Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19
Series2 318,180
Series2 614,829 499,346 325,536 452,780 290,101 1
414,657 645,444 554,990 247,381 533,939 386,322 548,662
Series1 471,299
Series1 483,357 489,843 460,834 464,325 437,340 1
426,230 431,002 446,639 465,668 506,740 426,242 448,628
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