SCHEDULE 1
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE RESERVE ANALYSIS
AS OF: NOVEMBER 2020
FINAL
BEGINNING BALANCE 7/1/20 3,149,170.39
DEPOSITS:
EMPLOYER CONTRIBUTIONS 2,131,039.27
CO-PAY EMPLOYEES 391,179.89
RETIREES 120,044.55
COBRA 4,330.14
INTEREST 2,459.15
TOTAL DEPOSITS 2,649,053.00
EXPENSES:
CLAIMS 1,896,043.52
ADMIN FEE 334,600.56
HSA EMPLOYER CONTRIBUTION 128,500.00
Federal Excise Tax 1,815.45
Wellness Program Fees 0.00
Wellness Program Incentives 0.00
Year End Settlement 0.00
State Assessment 0.00
PPI Benefits 21,912.00
Actuarial Services & PY Adj & Audit Fees (7,000.00)
Other 0.00
TOTAL EXPENSES 2,375,871.53
ENDING BALANCE 3,422,351.86
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SCHEDULE 3
COLCHESTER BOARD OF EDUCATION
HEALTH INSURANCE MONTHLY SUMMARY
AS OF: NOVEMBER 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 3,149,170
Jul-20 421,377 49,553 470,930 350,836 62,722 0 0 4,316 16,000 1,815 435,689 35,241 3,184,412
Aug-20 421,377 37,040 458,417 504,649 67,296 0 0 4,411 9,000 0 585,356 (126,939) 3,057,473
Sep-20 421,377 138,451 559,828 316,381 74,869 0 0 4,229 102,000 0 497,478 62,350 3,119,823
Oct-20 437,480 150,984 588,464 317,697 63,606 0 0 4,469 0 0 385,771 202,693 3,322,515
Nov-20 429,428 141,985 571,414 406,481 66,108 0 0 4,489 1,500 (7,000) 471,577 99,836 3,422,352
Dec-20 0 0 0 0 0 0 0 0 0 0 0 0 3,422,352
Jan-21 0 0 0 0 0 0 0 0 0 0 0 0 3,422,352
Feb-21 0 0 0 0 0 0 0 0 0 0 0 0 3,422,352
Mar-21 0 0 0 0 0 0 0 0 0 0 0 0 3,422,352
Apr-21 0 0 0 0 0 0 0 0 0 0 0 0 3,422,352
May-21 0 0 0 0 0 0 0 0 0 0 0 0 3,422,352
Jun-21 0 0 0 0 0 0 0 0 0 0 0 0 3,422,352
TOTAL 2,131,039 518,014 2,649,053 1,896,044 334,601 0 0 21,912 128,500 (5,185) 2,375,872 273,181
MONTHLY AVERAGES:
DEPOSITS 529,811
EXPENSES 475,174
CONTRIBUTION TO
RESERVE 54,636
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
Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20
Series2 548,662 298,316 408,189 386,825 544,481 211,132 349,459 356,026 350,836 504,649 316,381 317,697 406,481
Series1 448,628 447,100 431,205 422,549 439,391 420,803 425,369 420,859 398,197 394,324 399,632 382,998 384,549
Series 1 - Rolling 13 month average
Series 2 - Monthly claims
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