Group Retrospective Rating Programs May Refund $48 Million
Premium refunds of $48,000,000 are projected for employer participants in CareWorks Consultants’ workers’ compensation Group Retrospective Rating programs, representing an average of $28,000 per employer. This outstanding performance has spurred more than a 3,000% increase in the number of employers participating in a CareWorks Consultants’ plan since the programs were introduced in 2009. CareWorks Consultants’ most recent group filing included nearly 1,200 Ohio employers.
CareWorks Consultants risk analysis, loss prevention, and claims management combine industry leading experience with a commitment to exceed expectations. The current projection for 3-year premium refunds in CareWorks Consultants’ managed programs ranges from 33% to 70%. The average 3-year premium refund per participants is projected to be more than $28,000.
You will soon receive a quote for your 2013 Group Rated Workers’ Comp Program from CareWorks Consultants for the Group Rated Program. Don’t hesitate to return this information to CareWorks, as there are many changes on Group Rating, and you will want to secure your participation. For more information or to schedule a free evaluation, contact CareWorks Consultants at (800) 837-3200.