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WY Passes Deductible Bill

Monday, January 27, 2003 | 0

A Wyoming bill passed Friday will permit employers in good standing with state Workers' Compensation to pay voluntary deductibles that will reduce their work comp premiums. HB 154 allows select employers to pay a deductible per worker in exchange for a lower premium. The size of the reduction in premium is directly correlated with the size of the deductible. If an employee is injured, the employer directly reimburses the Department of Employment's Workers' Compensation system for claims costs up to the amount of the deductible. In addition, the injury would not be counted against the experi...

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