Document ID: chunk:federal_register_of_legislation:F2023L00636:front:0:p4
Version: federal_register_of_legislation:F2023L00636
Segment Type: other
Provision Reference: 
Character Range: 8322–12049

in / out of the fund amount  This is the amount expected to be transferred to/from parent entity and to/from other health benefits funds or general funds per Reporting Standard HRS 101.0 Regulatory Income Statement – Supplementary Information (HRS 101.0). This excludes transfers to reserves and changes in accounting policies.
Central estimate                               This is an estimate of the mean of the range of possible outcomes. The private health insurer must choose its own methodology, assumptions and data in order to determine the central estimates.

F
Future quarter  This is the central estimate forecasts provided for each of the next four quarters starting from the reporting date.

G
General fund                        This refers to the portion of the insurer referred to as the general fund as defined in HPS 001.

(Private Health Insurer Fund Type)
Gross margin                        As defined in HPS 001.
Gross margin forecast percent       This is the gross margin forecast for the 12-month period following the reporting date.
Gross margin target percent         The gross margin target percent is the target value of the gross margin.

                                    Insurers that use a range for their gross margin target should report the lower bound of the range for this Reporting Standard.

H
Health benefits fund                                        Health benefits fund has the same meaning as in the Act.

(Private health insurer fund type)
Health insurance business (HIB)                             Health insurance business (HIB) has the same meaning as in the Act.
Health insurance business policy forecasts type             Health insurance business policy forecasts types include:

                                                               * new HIB polices to PHI;
                                                               * new HIB policy transfers; and
                                                               * HIB terminated policies.

Health-related business (HRB)                               Health-related business (HRB) has the same meaning as in the Act.
Health-related business non-insurance profit / loss amount  The central estimate forecast of health-related business non-insurance profit / loss for that future quarter.

                                                            Health-related business non-insurance profit / loss means health-related business non-insurance revenue amount less the central estimate forecast expenses related to conducting HRB non-insurance. HRB non-insurance expenses are to be the forecast of other business expenses as defined in HRS 101.0, for the private health insurer business type of HRB – non-insurance.

Health-related business non-insurance revenue amount        The central estimate forecast revenue from HRB, excluding revenue related to health-related insurance business.
Health-related insurance business                           As defined in HPS 001.
HIB terminated policies                                     This is a reported item and should equal the sum of:
                                                                 * policies in force at start of quarter; and
                                                                 * new HIB policies
(Health Insurance Business Policy Forecasts Type)           less:
                                                                 * policies in force at end of quarter.

                                                            Where possible, actuals are to be used as a start point when calculating terminated policies for the next quarter in the future. For subsequent quarters, forecasts for the start and end of