LTD_Group_Claim_Experience__Claim_count_removed.pdf
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- Solicitation number
- 25-0090-RFP
- Issued by
- Pinellas County, Clewiston City, Florida
About this file
This document is a Long Term Disability (LTD) Experience Summary report from UnitedHealthcare for the Pinellas County Board of County Commissioners, covering the period from January 1, 2021 to August 31, 2024. The report details the group's long-term disability insurance premiums, paid claims, and loss ratios across four years. The contract appears to be for a group disability insurance policy with an effective date of January 1, 2021, encompassing multiple subgroups (1002, 1003, 1004, 1005, 1006, 1007).
The financial summary shows total premiums of $2,175,330.43 over the contract period, with $733,171.83 in paid claims, resulting in an overall loss ratio of 33.70%. The loss ratio varies by year, with 2021 at 54.52%, 2022 at 55.34%, 2023 at 15.28%, and 2024 (partial year) at 0.00%. Notably, the premiums have gradually increased each year from $581,657.58 in 2021 to $606,558.05 in 2023, with a projected premium of $402,743.65 for the partial year 2024. The data suggests a declining number of claims or claim values in recent years, particularly in 2023 and 2024.
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Text version
Experience Summary by Incurred Month
Group/Customer:
Incurred Date Range:
Business Segment:
Selection Parameters
01/01/2021 to 08/31/2024
LTD
306594
Subgroup/Policy: ALL
Values on Report
00306594 - PINELLAS COUNTY BOARD OF COUNTY COMMISSIONERS
1002, 1003, 1004, 1005, 1006, 1007
01/01/2021 to 08/01/2024
LTD
FACETSSource System:
PINELLAS COUNTY BOARD OF COUNTY COMMISSIONERS Group Effective Date: 01/01/2021
FACETS
Year and Product Summary Subgroup ID: 00001007
Year 2021
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Long Term Disability $7,938.79 $0.00 0.00% 0
Year 2021 Total $7,938.79 $0.00 0.00% 0
Year 2022
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Long Term Disability $8,890.93 $0.00 0.00% 0
Year 2022 Total $8,890.93 $0.00 0.00% 0
Year 2023
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Long Term Disability $9,316.72 $0.00 0.00% 0
Year 2023 Total $9,316.72 $0.00 0.00% 0
Year 2024
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Long Term Disability $6,057.20 $0.00 0.00% 0
Year 2024 Total $6,057.20 $0.00 0.00% 0
Year and Product Summary Total $32,203.64 $0.00 0.00% 0
Product Summary Subgroup ID: 00001007
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Page 36 of 38OFCR-01A; v3.6Run Date: 9/16/2024 10:29:47 AM
(1) Total claim dollars paid according to the month and year in which the claim was originally incurrred. Excludes Reserves and IBNR (Incurred But Not Reported).
Incurred Date Range:
Business Segment:
Selection Parameters
01/01/2021 to 08/31/2024
LTD
306594
Subgroup/Policy: ALL
Values on Report
00306594 - PINELLAS COUNTY BOARD OF COUNTY COMMISSIONERS
1002, 1003, 1004, 1005, 1006, 1007
01/01/2021 to 08/01/2024
LTD
FACETSSource System:
PINELLAS COUNTY BOARD OF COUNTY COMMISSIONERS Group Effective Date: 01/01/2021
FACETS
Long Term Disability $32,203.64 $0.00 0.00%
Product Summary Total $32,203.64 $0.00 0.00%
All Subgroups by Year and Product Summary
Year 2021
Products Premium/Fees Paid Claims (1) Loss Ratio
Long Term Disability $581,657.58 $317,131.54 54.52%
Year 2021 Total $581,657.58 $317,131.54 54.52%
Year 2022
Products Premium/Fees Paid Claims (1) Loss Ratio
Long Term Disability $584,371.15 $323,377.53 55.34%
Year 2022 Total $584,371.15 $323,377.53 55.34%
Year 2023
Products Premium/Fees Paid Claims (1) Loss Ratio
Long Term Disability $606,558.05 $92,662.76 15.28%
Year 2023 Total $606,558.05 $92,662.76 15.28%
Page 37 of 38OFCR-01A; v3.6Run Date: 9/16/2024 10:29:47 AM
(1) Total claim dollars paid according to the month and year in which the claim was originally incurrred. Excludes Reserves and IBNR (Incurred But Not Reported).
Incurred Date Range:
Business Segment:
Selection Parameters
01/01/2021 to 08/31/2024
LTD
306594
Subgroup/Policy: ALL
Values on Report
00306594 - PINELLAS COUNTY BOARD OF COUNTY COMMISSIONERS
1002, 1003, 1004, 1005, 1006, 1007
01/01/2021 to 08/01/2024
LTD
FACETSSource System:
PINELLAS COUNTY BOARD OF COUNTY COMMISSIONERS Group Effective Date: 01/01/2021
FACETS
Year 2024
Products Premium/Fees Paid Claims (1) Loss Ratio
Long Term Disability $402,743.65 $0.00 0.00%
Year 2024 Total $402,743.65 $0.00 0.00%
All Subgroups by Year and Product Total $2,175,330.43 $733,171.83 33.70%
All Subgroups by Product
Products Premium/Fees Paid Claims (1) Loss Ratio
Long Term Disability $2,175,330.43 $733,171.83 33.70%
All Subgroups Product Total $2,175,330.43 $733,171.83 33.70%
Page 38 of 38OFCR-01A; v3.6Run Date: 9/16/2024 10:29:47 AM
(1) Total claim dollars paid according to the month and year in which the claim was originally incurrred. Excludes Reserves and IBNR (Incurred But Not Reported).
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