Bill Would Detail How to Count Losses for Experience Rating Deductible Policies

A Nebraska lawmaker on Wednesday introduced legislation that would specify how losses are counted for experience rating purposes on deductible workers' compensation policies. Nebraska law requires comp carriers to offer a $500 to $2,000 deductible for medical benefits and allows them to offer a deductible for up to 40% of the employer's annual premium. While state law requires carriers to write and report deductible workers’ compensation policies in a way that is compatible with Nebraska’s uniform experience rating system, it doesn’t explicitly say how deductible re...