B
My Choice WI Health Plan Inc
MadisonWI
Rating Date
September 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Health
Premiums
Net
Income
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Major Rating Factors: Good overall profitability index (6.8 on a scale of 0 to 10) despite a decline in earnings during 2021. Good overall results on stability tests (5.3) based on consistent premium and capital growth in the last five years but rapid enrollment growth during the past five years. Excellent overall capitalization (10.0) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Other Rating Factors: Excellent quality investment portfolio (9.9) containing small junk bond exposure. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Principal Lines of Business: --
Licensed in: WI
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
700
Provider Compensation ($000)
Capitation Pay
434
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1617 Sherman Avenue
Madison, WI 53704
Phone Number
(608) 240-0020
NAIC Number
12248
Largest Affiliates
No affiliate information available.
Weiss Ratings