"Double" Yikes...and a hmmm

From the hard copy mailer you should have received this week if you're enrolled in the plan:

"The total premiums paid for the plan year ending 12/31/2015 were $3,204,250

Benefits paid to participants and beneficiaries were $3,402, 266

Administrative expenses and taxes were $531,906"

Thus, it appears the plan ran a premium to benefits deficit of ($198,016), which is 6.18% of total premiums.

And, an overall premium to benefits + expenses + taxes deficit of ($729,922), which is 22.78% of total premiums

Admittedly, I have not studied previous annual reports and rate increases, but the "doubling" on any rate is always eye opening

In the interest of transparency I would have appreciated the breakdown between "expenses" and "taxes" in the $531,906

Those two amounts combined represent 72.87% of the overall deficit

Hmmmm