During 1999, the Plan paid 87,830 claims. During 2000, the Plan paid 89,277 claims. The lag study reviewed the number of claims paid from the day that they were received by the Plan for payment from either the service provider or the insured member. The committee requested paid claims projections for the current Plan year plus three additional years. It is important to note that projections are subject to significant volatility.
Continuous review is critical.