Ohio: State comp bureau accepting applications for deductible program

The Ohio Bureau of Workers' Compensation is accepting applications for its new deductible program.

Private employers have until May 31 to sign up for the program, which officials said is designed to give employers better control of their workers' comp spending and serve as an incentive to enhance workplace safety. The deductible program was approved by the BWC's board of directors in February and goes into effect on July 1.

Similar to other insurance deductible plans, an employer in the program will agree to pay the portion of a workers' comp claim that falls below its selected deductible level. For taking on this degree of risk, the employer will receive a premium discount. The program will initially offer five deductible levels from $500 per claim to up to $10,000 per claim. As with other plans, the higher the selected deductible level, the more savings the employer can expect to see in its workers' comp premium. Marsha Ryan, administrator of the BWC, said additional deductible levels and structures could be considered in future years.

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Public employer taxing districts are eligible to participate in the program. The public employer taxing district deductible program will begin Jan. 1, 2010, and the enrollment period will begin Oct. 1 and run through the end of November.

May 18, 2009

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