How can Idaho school districts reduce their workers compensation costs?
The Issue: Idaho's public entities have two options for their workers compensation exposure:
- Insure through the Idaho State Insurance Fund, or
- Self-insure
The Process: Moreton & Company's resources are not to replace the State Insurance Fund; instead it is to help school district manage internal resources and improve the services received from the state fund. The resources available are:
- Claims Reviews - A review of all open claims with the claim examiner in the appropriate time frame can result in closure of claims or reduction of reserve amounts. This can, in turn, have a positive impact on the experience modification calculation.
- Light Duty and Return to Work Programs - Putting employees back to work as quickly as possible in jobs that are appropriate to their physical limitations is a proven effective means of reducing overall workers compensation costs.
- Loss Trend Analysis - Careful analysis of your loss runs will identify the kinds of losses that are having the most impact on your experience modification.
- Safety Committees - Involing your employees in the safety process is critical to the effectiveness of your program, but keeping safety committee focused can be challenging.
- Accident Investigation and Review System - Effective investigation to determine the root cause of accidents is critical to eliminating or reducting the severity of future accidents.
- Preferred Provider Networks - Arranging for your employees to see a limited number of medical providers, and having fee agreements with those providers can have a significant impact on costs.
- Site Evaluations - Independent review of the working environment can assist in the identification of unsafe conditions.
Call Moreton & Company for more information:
Allan Ranstrom or Pat Pinkham
(800) 341-6789
