Mortality Statistics
&
Annual Cost of Coverage


The Hoosier Horsemenís Association is a Mutual Membership Association and not an insurance company. Unlike an insurance company where there is a set annual premium for coverage, the Associationís cost for coverage is a combination of an Annual Membership Fee plus periodic Death Assessment Fees.

To maintain coverage, each equine member must pay an Annual Membership Fee and all billed Death Assessment Fees. A Death Assessment Fee is billed to all members upon the death of another equine member.

The Program (Weanling, Standard or Senior) and Coverage Level within the Program, that each equine member selects, determines the fees.

Program Information

 Benefit
Coverage

Annual
Membership
Fees

Death Assessment
Fee

Weanling Programs

$1,000

$75.00

$3.75

$2,000

$75.00

$4.75

$2,500

    $100.00

$6.00

Standard Programs

 $1,000

$13.00

 $2.25

$2,000

$14.00

$3.75

 Benefit
Coverage

Annual
Membership
Fees

Death Assessment
Fee

$3,000

$25.50

$4.75

$4,000

$26.00

$7.00

$5,000

$32.00

$8.75

Senior Programs

$1,000

$18.50

$3.75

$2,000

$19.50

$4.75

$2,500

$25.50

$6.00

Yearly Death Claims
2005 Ė2012

Year Death Claims   Year Death Claims
2005 19   2009 18
2006 20   2010 16
2007 15   2011 18
2008 13   2012 20

* The average yearly Deaths Claims over the past 8 years was 18

Example
Standard Progam Ė Annual Cost
based on 18 deaths

Standard Program
Coverage
Level

 

Death Assessment Fee

18
 Death Assessment Payments

 

Annual
Membership Fee

 

Total Annual Cost

$1,000

$2.25

$40.50

$13.00

$53.50

$2,000

$3.75

$67.50

$14.00

$81.50

$3,000

$4.75

$85.50

$25.50

$111.00

$4,000

$7.00

$126.00

$26.00

$152.00

$5,000

$8.75

$157.50

$32.00

$189.50

The formula for calculating the annual cost of coverage is:

( Number of Deaths  X   Death Assessment Fee)  +  Membership Fee = Annual Cost

If you have any questions please call the Hoosier Horsemenís Office 317-781-4017


Home | Programs | Personal Endorsements | Mortality Statistics | FAQ | Program Benefits | Links | Contact Us 

Questions?  Give us a call at 317-781-4017 or email us at hha@hoosierhorsemen.com