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CBIZ Renewal Calculation
Health
Drug
Total
Incurred Claims
$1,467,867
$308,823
$1,776,690
Pooled Claims
($188,999)
Net Claims
$1,587,691
Trend - 8.5% over 22 months
1.16
Trended Claims PMPM
$403
Trended Claims Adjusted for HC
$1,866,393
Pooling Charge
$371,280
Target Loss Ratio
83%
Adjusted Premium
$2,695,991
PCORI Tax
$30,465
ACA Insurer Tax
$91,664
Needed Premium (Trended
Claims + Total Retention + ACA
Fees)
$2,818,119
Current Premium
$2,543,724
Increase Needed
10.80%
37