Simply put…all of them. It even saves you money to turn in the smallest of medical only claims.
During our analysis of your Experience Mod, we will show you how even turning in a small $300 medical only bill can save you money over the long term. The reason for this is NCCI, who promulgates your Experience Mod, only uses 30% of the total cost of the claim if the claim is medical only, meaning that your employee didn’t miss anymore than 7 days of work.
So while your Experience Mod may go up due to the $300 medical only bill, the impact it has on your premiums for the 3 years that the claim remains on there may only increase your total premiums by $60 per year. So you can either pay $60 more in Workers Compensation premiums each year for 3 years or pay that $300 medical only bill yourself. From a cost effectiveness approach, it makes more sense to pay the lesser amount over 3 years and you just saved $120.
Also, work related injuries may start off small but can snowball into something greater later if complications arise. If you don’t put the workers compensation insurance company on notice early enough about a potential claim so that they have time to do an investigation, they can deny the claim even though it was a valid workers compensation claim.
I had a customer who had an employee drop a trashcan on their foot and only suffered minor injuries that resulted in a simple doctor visit bill. However, the employee left their employment and a year later claimed that due to the injury to his foot that his foot developed gangrene and he had to have it amputated. Had we not turned the claim in until a year later the insurance company could have denied the claim and the employer would have been solely responsible for not only defending his case but also for any resulting medical bills and lifetime disability benefits.