Claims Payable (Tables)
|12 Months Ended
Dec. 31, 2021
|Summary of activity in the liability for claims payable and healthcare expenses
Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef