Connect for Health Premiums 20131219
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Connect for Health
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Medium Projection
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COHBE's estimated portion of CoverColorado reserve is 8.5 million
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Annual operation budget of 26 million
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Second half of 20132014201520162017
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Enrollment and Premium Assumptions
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Average Estimated Sales Projections075,001124,283174,203223,557
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Average Estimated Premium per member per month0$337$354$372$392
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Adminstrative Fee0.00%1.40%1.40%1.40%2.50%
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Revenue Assumptions
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Exchange Revenue from Admin Fee0$4,246,204$7,388,145$10,873,497$26,309,653
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Estimated Portion of Federal Grant Funding (2013-2016)$66,069,622$60,984,119$15,386,639$0$0
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Revenue from CoverColorado/Unclaimed Property Fund$15,000,000$0$0$0$0
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Revenue from CoverColorado/Reserve Balance$8,500,000
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Revenue from General Market Health Insurance Assessment $15,750,000$15,750,000
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Revenue from Premium Tax Credit Donations$5,000,000$5,000,000$5,000,000$5,000,000$5,000,000
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Potential Foundation Grants$2,010,000$2,000,000
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Total Income$88,079,622$72,230,323$52,024,784$31,623,497$31,309,653
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Expected Operating/Technology Budget$75,239,971$26,000,000$26,000,000$26,000,000$26,000,000
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Remaining Implementation/Enhancement Costs$37,057,020$15,725,785
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Additional Implementation Expense (Not Federally Funded)$2,010,000$2,000,000
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Total Expenditures$77,249,971$65,057,020$41,725,785$26,000,000$26,000,000
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Net Income/Expense by Year$10,829,651$7,173,303$10,298,999$5,623,497$5,309,653
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Technology Obsolence Solution begins after Operational Reserve reaches 50% of annual budget$0$5,002,954$15,301,953$20,925,451$26,235,103
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Annual Technology Obsolence$5,002,954$10,298,999$5,623,497$5,309,653
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Cumulative Operational Reserve at approximately 50% of annual budget$10,829,651$13,000,000$13,000,000$13,000,000$13,000,000
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Medium Projection
Lower Projection
Enrollment
Premiums