SCHEDULE 1
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE RESERVE ANALYSIS
AS OF: DECEMBER 2019
FINAL
BEGINNING BALANCE 7/1/19 2,193,048.90
DEPOSITS:
EMPLOYER CONTRIBUTIONS 2,646,575.44
CO-PAY EMPLOYEES 573,189.49
RETIREES 135,735.74
COBRA 6,421.46
INTEREST 103.38
TOTAL DEPOSITS 3,362,025.51
EXPENSES:
CLAIMS 2,528,161.55
ADMIN FEE 353,904.35
HSA EMPLOYER CONTRIBUTION 187,250.02
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 25,424.00
Actuarial Services & PY Adj & Audit Fees 750.00
Other 0.00
TOTAL EXPENSES 3,097,297.36
ENDING BALANCE 2,457,777.05
AVERAGE MONTHLY CLAIMS 447,100.30
(Includes claims+admin fee)
(Based on a 13 month average)
AVERAGE MONTHLY RESERVE 5.50
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SCHEDULE 3
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE MONTHLY SUMMARY
AS OF: DECEMBER 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-19 443,467 149,094 592,561 298,316 57,270 0 0 4,054 63,250 750 423,640 168,921 2,457,777
Jan-20 0 0 0 0 0 0 0 0 0 0 0 0 2,457,777
Feb-20 0 0 0 0 0 0 0 0 0 0 0 0 2,457,777
Mar-20 0 0 0 0 0 0 0 0 0 0 0 0 2,457,777
Apr-20 0 0 0 0 0 0 0 0 0 0 0 0 2,457,777
May-20 0 0 0 0 0 0 0 0 0 0 0 0 2,457,777
Jun-20 0 0 0 0 0 0 0 0 0 0 0 0 2,457,777
TOTAL 2,646,575 715,450 3,362,026 2,528,162 353,904 0 0 25,424 187,250 2,557 3,097,297 264,728
MONTHLY AVERAGES:
DEPOSITS 560,338
EXPENSES 516,216
CONTRIBUTION TO
RESERVE 44,121
E. Gallupe 2/3/2020 8:39 AM
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
Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19
Series2 614,829
Series2 499,346 325,536 452,780 290,101 414,657 1
645,444 554,990 247,381 533,939 386,322 548,662 298,316
Series1 483,357
Series1 489,843 460,834 464,325 437,340 426,230 1
431,002 446,639 465,668 506,740 426,242 448,628 447,100
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