B
Health Options Inc
Rating Date
June 2024
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 quality investment portfolio (6.7 on a scale of 0 to 10) containing significant exposure to junk bonds. Good overall results on stability tests (5.3) despite excessive capital growth during 2022. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent profitability (8.2) despite a decline in earnings during 2022. Excellent capitalization index (9.3) based on good current risk-adjusted capital (severe loss scenario) despite some fluctuation in capital levels.
Principal Lines of Business: --
Licensed in: FL
Principal Enrollment Breakdown: --
Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
491
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
0
Bonus
Other
--
Member Physicians
0
Enrollment
Total Patient Encounters
Physician
0
Non-Physician
Corporate Info
Group Affiliation
GuideWell Mutual Holding Corporation
Investment Rating
--
Company Address
4800 Deerwood Campus Parkway
Jacksonville, FL 32246
Phone Number
(904) 791-6111
NAIC Number
95089
Largest Affiliates
B
Jacksonville, FL - Health
C
San Juan, PR - Health
B
Tallahassee, FL - Health
C
Jacksonville, FL - Health
C
Guaynabo, PR - Health
Weiss Ratings