SCHEDULE 1
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE RESERVE ANALYSIS
AS OF: JANUARY 2020
FINAL
BEGINNING BALANCE 7/1/19 2,193,048.90
DEPOSITS:
EMPLOYER CONTRIBUTIONS 3,074,576.30
CO-PAY EMPLOYEES 706,341.14
RETIREES 165,228.21
COBRA 7,343.78
INTEREST 123.00
TOTAL DEPOSITS 3,953,612.43
EXPENSES:
CLAIMS 2,936,350.51
ADMIN FEE 412,840.83
HSA EMPLOYER CONTRIBUTION 200,000.02
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 29,746.00
Actuarial Services & PY Adj & Audit Fees 750.00
Other 0.00
TOTAL EXPENSES 3,581,494.80
ENDING BALANCE 2,565,166.53
AVERAGE MONTHLY CLAIMS 447,100.30
(Includes claims+admin fee)
(Based on a 13 month average)
AVERAGE MONTHLY RESERVE 5.74
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SCHEDULE 3
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE MONTHLY SUMMARY
AS OF: JANUARY 2020
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-20 428,001 163,586 591,587 408,189 58,936 0 0 4,322 12,750 0 484,197 107,389 2,565,167
Feb-20 0 0 0 0 0 0 0 0 0 0 0 0 2,565,167
Mar-20 0 0 0 0 0 0 0 0 0 0 0 0 2,565,167
Apr-20 0 0 0 0 0 0 0 0 0 0 0 0 2,565,167
May-20 0 0 0 0 0 0 0 0 0 0 0 0 2,565,167
Jun-20 0 0 0 0 0 0 0 0 0 0 0 0 2,565,167
TOTAL 3,074,576 879,036 3,953,612 2,936,351 412,841 0 0 29,746 200,000 2,557 3,581,495 372,118
MONTHLY AVERAGES:
DEPOSITS 564,802
EXPENSES 511,642
CONTRIBUTION TO
RESERVE 53,160
E. Gallupe 3/2/2020 5:47 PM
COLCHESTER
COLCHESTER BOARD
BOARD OFOF EDUCATION
EDUCATION
13
13 MONTH
MONTHMEDICAL
MEDICAL CLAIMS
CLAIMS TREND
TREND HISTORY
HISTORY
(PAID
(PAID CLAIMS
CLAIMS AND
AND NETWORK
NETWORK ACCESS
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
Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20
Series2 499,346
Series2 325,536 452,780 290,101 414,657 645,444 1
554,990 247,381 533,939 386,322 548,662 298,316 408,189
Series1 489,843
Series1 460,834 464,325 437,340 426,230 431,002 1
446,639 465,668 506,740 426,242 448,628 447,100 431,205
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