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Board approves $6.59M and $5.31M uses of stabilization reserves to buy down 2023 rates
Summary
After presentations by Aon, the board approved applying $6,592,000 from Blue Shield HMO stabilization reserves (one‑third of $19,775,000) and a one‑time suspension to apply $5,309,000 (one‑half of $10,618,000) from the Delta Dental active employee PPO reserve to buy down plan rates for plan year 2023; both votes were unanimous.
The San Francisco Health Service System Board on March 10 approved consultant recommendations to apply portions of plan stabilization reserves to reduce projected 2023 premiums for several employer‑sponsored plans.
Mike Clark of Aon presented plan‑level experience for 2021 and the stabilization‑reserve recommendations. For the Blue Shield HMO plans (Access Plus and Trio), Clark recommended applying one‑third of the 12/31/2021 stabilization reserve surplus — $6,592,000 (one‑third of $19,775,000) — to buy down 2023 rates across rating tiers, splitting…
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