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<br />October 13, 2022 E-17
<br />ACTUARIAL ASSUMPTIONS
<br />Assumptions June 30, 2021 Valuation
<br /> Medical
<br />Claims Cost
<br /> Sample estimated 2022/23 monthly non-Medicare eligible claims
<br />costs:
<br /> Kaiser HealthNet HMO HealthNet PPO
<br />Age Male Female Male Female Male Female
<br />25 $262 $510 $516 $1,005 $587 $953
<br />35 341 629 673 1,241 866 1,339
<br />45 542 660 1,069 1,301 1,373 1,513
<br />55 909 920 1,793 1,813 2,049 1,979
<br />60 1,164 1,097 2,295 2,163 2,456 2,289
<br />64 1,415 1,294 2,791 2,550 2,934 2,646
<br />65 1,471 1,324 2,900 2,611 3,052 2,744
<br />70 1,748 1,537 3,446 3,031 3,626 3,185
<br />75 2,076 1,796 4,094 3,542 4,308 3,721
<br />80 2,413 2,070 4,757 4,082 5,006 4,288
<br />85 2,721 2,337 5,365 4,608 5,645 4,842
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<br />October 13, 2022 E-18
<br />ACTUARIAL ASSUMPTIONS
<br />Assumptions June 30, 2021 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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