SCHEDULE 1
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE RESERVE ANALYSIS
AS OF: AUGUST 2021
FINAL
BEGINNING BALANCE 7/1/21 3,574,714.03
DEPOSITS:
EMPLOYER CONTRIBUTIONS 848,363.00
CO-PAY EMPLOYEES 37,086.32
RETIREES 57,950.65
COBRA 1,836.04
INTEREST 636.09
TOTAL DEPOSITS 945,872.10
EXPENSES:
CLAIMS 793,043.42
ADMIN FEE 141,108.58
HSA EMPLOYER CONTRIBUTION 16,250.00
Federal Excise Tax 1,821.18
Wellness Program Fees 0.00
Wellness Program Incentives 0.00
Year End Settlement 0.00
State Assessment 0.00
PPI Benefits 8,972.50
Actuarial Services 0.00
PY Adj & Audit Fees 0.00
Other 0.00
TOTAL EXPENSES 961,195.68
ENDING BALANCE 3,559,390.45
10/5/2021 1:27 PM
SCHEDULE 3
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE MONTHLY SUMMARY
AS OF: AUGUST 2021
REVENUES EXPENSES MONTHLY YTD
Wellness State PPI
EMPLOYER CO-PAYS TOTAL CLAIMS/FEES ADMIN HSA Other TOTAL BALANCE BALANCE
Program Assessment Benefit
BEG BALANCE 3,574,714
Jul-20 424,182 60,549 484,731 564,371 0 0 0 4,451 16,250 1,821 586,893 (102,163) 3,472,551
Aug-20 424,182 36,960 461,142 228,672 141,109 0 0 4,522 0 0 374,303 86,839 3,559,390
Sep-20 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
Oct-20 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
Nov-20 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
Dec-20 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
Jan-21 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
Feb-21 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
Mar-21 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
Apr-21 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
May-21 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
Jun-21 0 0 0 0 0 0 0 0 0 0 0 0 3,559,390
TOTAL 848,363 97,509 945,872 793,043 141,109 0 0 8,973 16,250 1,821 961,196 (15,324)
MONTHLY AVERAGES:
DEPOSITS 472,936
EXPENSES 480,598
CONTRIBUTION TO
RESERVE (7,662)
COLCHESTER BOARD OF EDUCATION
13 MONTH MEDICAL CLAIMS TREND HISTORY
(PAID CLAIMS AND NETWORK ACCESS FEE)
Excludes Administrative Costs
600,000
500,000
400,000
300,000
AMOUNT
200,000
100,000
0
Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21
Series2 504,649 316,381 317,697 406,481 479,710 418,813 391,240 436,515 463,890 502,513 371,928 564,371 228,672
Series1 394,324 399,632 382,998 384,549 379,245 388,514 387,210 391,032 384,833 407,247 408,975 425,002 415,605
Series 1 - Rolling 13 month average
Series 2 - Monthly claims
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