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 United Healthcare Experience Summary by Incurred Month for the Pinellas County Board of County Commissioners, covering Long Term Disability (LTD) insurance from 01/01/2021 to 08/31/2024. The report provides a detailed breakdown of premiums, paid claims, and loss ratios for the Long Term Disability product across four years (2021-2024). The group is identified by the customer number 306594 and includes multiple subgroups (1002, 1003, 1004, 1005, 1006, 1007).
The financial summary shows total premiums/fees of $2,175,330.43 with paid claims of $733,171.83, resulting in an overall loss ratio of 33.70%. The loss ratios varied by year: 54.52% in 2021, 55.34% in 2022, and significantly dropping to 15.28% in 2023. The 2024 data shows no paid claims to date, with premiums of $402,743.65. The report is generated from the FACETS source system and provides a comprehensive view of the Long Term Disability insurance performance for Pinellas County, highlighting a trend of decreasing claim payouts in recent years.
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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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