Deadlines Approaching: 2020 Rate Year Group Rating & Group Retrospective Enrollment
The deadline to enroll into Group Rating with CareWorks Comp for the upcoming July 1, 2020 policy year is November 20, 2019. Group Rating is an upfront discount (as much as -53%) off of your EMR (Experience Modification Rate).
The deadline to enroll into Group Retrospective Rating with CareWorks Comp for the upcoming July 1, 2020 policy year is January 24, 2020. Group Retro is a performance based program where the group’s claims incurred for the policy year are compared to the group’s premiums paid to the BWC. The participants will receive premium rebates as long as the claims incurred for that policy year is lower than the overall premiums paid to the BWC.
Click here to download the entire newsletter from CareWorks Comp, the third party administrator of COHHIO’s Group Rating Program.
COHHIO’s members organizational members may be eligible for deep discounts on their workers’ compensation costs. To find out more, please contact our CareWorks Comp Program Manager Meridith Whitsel: