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<br /> September 5, 2024 E-15
<br />ACTUARIAL ASSUMPTIONS
<br />Assumptions June 30, 2023 Valuation
<br /> Medical
<br />Claims Cost
<br /> Sample estimated 2024/25 monthly non-Medicare eligible claims
<br />costs:
<br /> Kaiser HealthNet HMO HealthNet PPO
<br />Age Male Female Male Female Male Female
<br />25 $317 $617 $622 $1,213 $740 $1,201
<br />35 413 762 812 1,497 1,091 1,687
<br />45 656 799 1,289 1,569 1,731 1,907
<br />55 1,101 1,113 2,163 2,187 2,583 2,495
<br />60 1,409 1,328 2,768 2,609 3,095 2,885
<br />64 1,713 1,566 3,366 3,077 3,698 3,335
<br />65 1,781 1,603 3,499 3,150 3,847 3,458
<br />70 2,116 1,861 4,157 3,657 4,571 4,014
<br />75 2,513 2,174 4,938 4,272 5,430 4,691
<br />80 2,920 2,506 5,738 4,924 6,310 5,406
<br />85 3,294 2,829 6,472 5,559 7,116 6,103
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<br /> September 5, 2024 E-16
<br />ACTUARIAL ASSUMPTIONS
<br />Assumptions June 30, 2023 Valuation
<br /> Data Quality Our valuation used census data provided by the Department. We
<br />reviewed the data for reasonableness and resolved any questions
<br />with the Department. We believe the resulting data can be relied on
<br />for all purposes of this valuation without limitation.
<br /> Actuarial
<br />Modeling
<br /> Our valuation was performed using and relying on ProVal, an
<br />actuarial model leased from WinTech. Our use of ProVal is
<br />consistent with its intended purpose. We have reviewed and
<br />understand ProVal and its operation, sensitivities and dependencies
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