Development
A
CarePlus Health Plans Inc
Rating Date
September 2023
NAIC
Classification
Health
Risk Adjusted
Capital Ratio #1
1.93
Risk Adjusted
Capital Ratio #2
1.61
Total
Assets
1.43B
Capital
388.18M
Health
Premiums
1.94B
Net
Income
119.69M
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Weiss Ratings CarePlus Health Plans Inc
Louisville, KY 		Click to
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Rating A
Capitalization Index 7.84
Investment Safety Index 7.50
Liquidity Index 6.18
Profitability Index 9.32
Reserve Adequacy Index --
Stability Index 7.11
Company Info CarePlus Health Plans Inc
Louisville, KY 		Click to
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Industry Health
NAIC Number 01123
Phone Number (305) 441-9400
Website www.careplushealthplans.com
Address 500 West Main Street Louisville, KY 40202
Balance Sheet CarePlus Health Plans Inc
Louisville, KY 		Click to
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Total Assets 1.23B
Capital and Reserves CarePlus Health Plans Inc
Louisville, KY 		Click to
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Risk-Adjusted Capital Ratio #1 2.03
Risk-Adjusted Capital Ratio #2 1.69
1-Year Reserve Development --
2-Year Reserve Development --
Capital 291.39M
Premium to Surplus --
Reserves to Surplus --
Investments CarePlus Health Plans Inc
Louisville, KY 		Click to
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Cash --
CMO & Structured Securities --
Common & Preferred Stock --
Invested Assets --
Investments in Affiliates --
Mortgages in Good Standing --
Non-Investment Grade Bonds --
Non-Performing Mortgages --
Other Investment Grade Bonds --
Other Investments --
Real Estate --
Operating Ratios CarePlus Health Plans Inc
Louisville, KY 		Click to
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Medical Loss Ratio 85.26%
Cash From Underwriting --
Combined Ratio --
Expense Ratio --
Loss Ratio --
Net Premium Growth --
Other Medical CarePlus Health Plans Inc
Louisville, KY 		Click to
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Bonus Pay 0.00
Capitation Pay 1.75M
Contractual Pay 645.00K
Enrollment 211.56K
Fee For Service 0.00
Medical Expense Per Member Per Month $1,443.00
Network Physicians 48.66K
Other Pay --
Salary Pay 261.78K
Total Patient Encounters - Physician 4.13M
Total Patient Encounters-Non-Physician 1.19M
Profitability CarePlus Health Plans Inc
Louisville, KY 		Click to
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Net Income 70.63M
Net Premium 2.75B
Health Premium 2.75B