When is the interim report due? (private and public cases)

When is the interim report due? (private and public cases)

• A. Private: June 1; Public: December 1
• B. Private: January 1; Public: June 1
• C. Private: March 1; Public: September 1
• D. Private: May 1; Public: November 1

Answer: (A)

The main idea here is that self-insured plans must file a mid-year (interim) update with the regulator, showing current claim activity and reserves. For private self-insured plans, that interim report is due June 1, while for public self-insured plans, it’s due December 1. The difference reflects separate administrative and budgeting cycles for private versus public entities. Dates like January 1, March 1, May 1, or November 1 don’t match the established mid-year reporting schedule for these groups, and mixing private/public dates would not align with how the SIP program tracks ongoing activity. So the correct timing is private plans by June 1 and public plans by December 1.

The main idea here is that self-insured plans must file a mid-year (interim) update with the regulator, showing current claim activity and reserves. For private self-insured plans, that interim report is due June 1, while for public self-insured plans, it’s due December 1. The difference reflects separate administrative and budgeting cycles for private versus public entities. Dates like January 1, March 1, May 1, or November 1 don’t match the established mid-year reporting schedule for these groups, and mixing private/public dates would not align with how the SIP program tracks ongoing activity. So the correct timing is private plans by June 1 and public plans by December 1.