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This document presents the annual financial statement of Wellmark Synergy Health, Inc. for the year ending December 31, 2021. It includes details about the company\'s organization, assets, liabilities, capital and surplus, income, and expenses, in compliance with the National Association of Insurance Commissioners (NAIC) regulations. The statement provides insights into the financial condition of the health maintenance organization and its overall performance for the reporting period.
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What is health annual statement?
A health annual statement is a report that provides detailed information about a health insurance plan's financial status, operations, and compliance with relevant regulations over the past year.
Who is required to file health annual statement?
Health insurance companies, health maintenance organizations (HMOs), and other health-related entities that offer insurance products are generally required to file health annual statements.
How to fill out health annual statement?
To fill out a health annual statement, organizations must gather financial data, claims information, member statistics, and compliance details, and then enter this information into the appropriate sections of the statement form as stipulated by regulatory authorities.
What is the purpose of health annual statement?
The purpose of the health annual statement is to provide transparency and accountability within the health insurance industry by summarizing financial performance, ensuring regulatory compliance, and informing stakeholders about the health of the organization.
What information must be reported on health annual statement?
The information that must be reported includes financial results, claims incurred, premium income, administrative expenses, enrollment figures, and compliance with health care regulations.
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