2012 Health Plan Benefit Coverage Projection Report - Mendocino ...
2012 Health Plan Benefit Coverage Projection Report - Mendocino ...
2012 Health Plan Benefit Coverage Projection Report - Mendocino ...
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Reserve <strong>Projection</strong> Detail<br />
• The components of the reserve projection are described below:<br />
– Total <strong>Health</strong> <strong>Plan</strong> Cost. Derived from Claim Cost (Paid Claims) and Projected<br />
Expense.<br />
– Projected Rate Increase. We assume a rate increase of zero percent for <strong>Plan</strong><br />
Year <strong>2012</strong>.<br />
– Beginning and Ending Surplus/Deficit Position. As calculated based upon<br />
information provided by the County as of July 2011.<br />
– Incurred But Not <strong>Report</strong>ed (IBNR) Claim Reserve. As determined by a<br />
Keenan & Associates actuary based upon the study of experience and claim lag<br />
reports received for the program. An actuarial certificate of the most recent<br />
IBNR is included in the appendix of this report.
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