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Indiana Workers Comp Fee Schedule Partially Enacted = Rate Increase


Indiana Workers Comp Fee Schedule Partially Enacted

The Indiana Workers Comp Fee Schedule was partially enacted 7/1/2014.   That was a great move except a point was missed as to the real reason for their true cost figures.   Check out the chart below.   Click on the chart to bring it in focus.

The chart is from the ICRB (Indiana Compensation Rating Bureau) generated by WCRI (Workers Compensation Research Institute).

I have harped on states without fee schedules causing employers to pay much more in Workers Compensation benefits or premiums.  One may notice that Wisconsin is even higher.   Yes,  they have no fee schedule for medical benefits either.

The chart was produced before the 7/1/2014.   The Indiana Workers Comp fee schedule that was enacted in 2014 exempted physicians which are a large part of the non-hospital charges.    One has to wonder why there was not a complete fee schedule enacted in 7/2014.

As a side note, kudos to Indiana for doing something to cut medical costs.   Sitting on the sidelines would have been a very expensive option.

According to Stephanie Goldberg Business Insurance– (she writes very concise articles)

Nearly 75% of Indiana’s total benefit costs are medical, which is higher than most other states, NCCI said in the filing dated Sept. 21.

The state’s average medical costs have increased steadily since 2006, when the average medical cost per claim was $22,883, according to the filing. The average cost in 2013, the most recently available full policy year, was $35,953.

NCCI has now recommended an increase in rates of 3.2% for 2016.   Would an all-encompassing fee schedule have been the better choice?   I have confidence that Indiana will produce a full fee schedule in the near future.

Statistics Indiana Workers Comp Fee Schedule service
Wikimedia Commons – The Indus Hospital



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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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