RFP_21-057-DP_1_Attachment-6.xlsx

This file is an Experience Presentation for disability insurance claims submitted by New York Life Insurance Company to the Palm Beach County Board of Education. The document provides comprehensive claims experience data for Long Term Disability (LTD), Short Term Disability (STD), and related benefit programs (ASO Claims, ATP Claims, and FMLA Claims) administered under policy numbers FLK0960504 for LTD and VDT0960736 for STD as of June 2021.

For LTD coverage, the experience period spans January 1, 2018 through June 26, 2021, with paid premiums totaling $2,010,205 and net incurred claims of $1,933,825, resulting in a paid loss ratio of 96.2 percent. The LTD claims experience shows 68 total claims (27 open/pending and 41 closed) with individual benefit amounts ranging from $205 to $5,000 monthly. For STD coverage, the experience period covers January 1, 2019 through June 25, 2021, with paid premiums of $1,137,356 and paid claims of $528,087, reflecting a paid loss ratio of 46.4 percent across 137 total claims. The presentation includes detailed claims exhibits listing individual claimant demographics, disability dates, coverage status, and benefit amounts to demonstrate the vendor's claims management experience with the County Board.