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Golfsmith International Holdings (GOLF)
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GOLF » Topics » Medical Self-Insurance Reserves

These excerpts taken from the GOLF 10-K filed Mar 3, 2009.

Medical  Self-Insurance Reserves

 

The Company is primarily self-insured for employee health benefits. The Company records its self-insurance liability based on claims filed and an estimate of claims incurred but not yet reported. There is stop-loss coverage for amounts in excess of $125,000 per individual per year.  If more claims are made than were estimated or if the costs of actual claims increases beyond what was anticipated, reserves recorded may not be sufficient and additional accruals may be required in future periods.

 

Medical  Self-Insurance Reserves



 



The Company is primarily
self-insured for employee health benefits. The Company records its
self-insurance liability based on claims filed and an estimate of claims
incurred but not yet reported. There is stop-loss coverage for amounts in
excess of $125,000 per individual per year. 
If more claims are made than were estimated or if the costs of actual
claims increases beyond what was anticipated, reserves recorded may not be
sufficient and additional accruals may be required in future periods.



 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 3, 2009

RELATED TOPICS for GOLF:

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