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XMods EMods EMR and Credit Scores – Differences


Credit Scores And XMods EMods EMR

In my last post, I covered the similarities between XMods EMods EMR and credit scores. This post is about the differences. Some of the differences can be painful. I covered some of the differences in this article.


Vector of Side Face With Question Mark XMods EMods EMR Differences Concept
(c) 123rf.com

One of the main differences between the two is that credit scores can be corrected at any time in the past with no time limit. EMods or XMods are very difficult to correct once they are tabulated – on your Unit Stat Date. Even if you find an error, if it is more than four years old, there is usually no way to correct the E-Mod in this circumstance.

If the Experience Mod calculation was done incorrectly, you can correct it for up to four years in the past. However, if the reserves (Total Incurred) had too high a figure but have been tabulated at the Unit Stat Date, you usually will be out of luck. That is why it is very critical to have the correct reserve figures on each of your Workers Comp files before your E-Mod (Unit Stat Date) is tabulated. I cannot express the importance enough.

The delayed E-Mod system is another major difference. If you work on your credit scores now, some of the results will immediately show in your credit file. Your recent work on such programs as safety or return to work program will not tabulate fully into your EMod for three or four years. Patience is a very important virtue with the Experience Mod system.

Vector Graphic Of Businessman Sitting On Big Clock With XMods EMods EMR Bar Graph On Hand

We have seen companies give up on their E-Mod reduction program only to see the E-Mod lower and then increase again after abandoning the reduction program. This is one of the points that Senior Management in either a public or private employer must take into account. It is up to the Risk Manager or Workers Comp contact to educate their Senior Management that the results will not be immediate.

I have written many posts on an E-Mod reduction program. There are so many I cannot link to them. However, if you use the search box further down on the right side of the page, you can search the term E-Mod reduction for a list of posts on this subject.

As always, if you feel you need assistance, please feel free to email or call us.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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