LTD_Group_Claim_Experience.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) Group Claim Experience Report for the Pinellas County Board of County Commissioners, covering the period from January 1, 2021 to August 31, 2024. The report provides a detailed breakdown of premium fees, paid claims, loss ratios, and number of claims for Long Term Disability insurance across multiple years. The analysis shows varying claim patterns, with 288 claims in 2021, 167 claims in 2022, and 40 claims in 2023, indicating a declining trend in claim frequency.
The total premium fees for the entire period are $2,175,330.43, with total paid claims of $733,171.83, resulting in an overall loss ratio of 33.70%. The premium fees have gradually increased each year, from $581,657.58 in 2021 to $606,558.05 in 2023, while the number of claims and paid claims have decreased. The 2024 data shows no claims paid to date, likely because the year is not yet complete. The report is generated by UnitedHealthcare and uses the FACETS source system, providing a comprehensive view of the long-term disability insurance experience for Pinellas County.
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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% 0
Product Summary Total $32,203.64 $0.00 0.00% 0
All Subgroups by Year and Product Summary
Year 2021
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Long Term Disability $581,657.58 $317,131.54 54.52% 288
Year 2021 Total $581,657.58 $317,131.54 54.52% 288
Year 2022
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Long Term Disability $584,371.15 $323,377.53 55.34% 167
Year 2022 Total $584,371.15 $323,377.53 55.34% 167
Year 2023
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Long Term Disability $606,558.05 $92,662.76 15.28% 40
Year 2023 Total $606,558.05 $92,662.76 15.28% 40
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 Number of Claims
Long Term Disability $402,743.65 $0.00 0.00% 0
Year 2024 Total $402,743.65 $0.00 0.00% 0
All Subgroups by Year and Product Total $2,175,330.43 $733,171.83 33.70% 495
All Subgroups by Product
Products Premium/Fees Paid Claims (1) Loss Ratio Number of Claims
Long Term Disability $2,175,330.43 $733,171.83 33.70% 495
All Subgroups Product Total $2,175,330.43 $733,171.83 33.70% 495
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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