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Board declines extra stop-loss reinsurance and approves Blue Shield stabilization amortization
Summary
Aon Hewitt advised against buying additional external reinsurance for 2018, citing contingency reserves and stabilization policy; the board also approved a Blue Shield stabilization reserve amortization that adds $3,544,812 to 2018 rates across tiers. Both measures passed unanimously.
The Health Service System board heard back-to-back actuarial presentations from Anil Kocher of Aon Hewitt on reinsurance needs and Blue Shields 2016 experience. On reinsurance, Kocher explained that the trust already holds contingency reserves and has a stabilization policy and embedded stop-loss arrangements (for example, Blue Shield has a $1,000,000 individual cap in the flex-funded arrangement). "We recommend no…
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