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Published on Apr 24
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Lost time claims can be very costly. The average medical only claim has costs of $700 where the average lost time claim has costs exceeding $35,000.
To control costs, it is important to evaluate every opportunity for reducing or eliminating the payment of Temporary Total Compensation benefits in the claim. Here are options that might work for your company:
Wage/Salary Continuation allows employers to pay an injured workers’ lost wages while off on a work related injury in lieu of the BWC paying these wages. Wage continuation can be an effective tool to reduce the claim’s cost. An employer paying wage continuation must submit a C-55 (Salary Continuation Agreement) and C-94A (Wage Statement) to the BWC.
Modified Duty Return to Work allows injured workers to return to a temporary, light duty job until they are able to return to work in a full duty capacity. If the injured worker’s physician has given restrictions which the employer can accommodate. A detailed written light duty job offer should be sent certified mail to the injured worker.
Modified Duty Off-Site allows employers to partner with thousands of nonprofits offering light duty work options. Sheakley has a national network of service organizations to place employees with a 99% success rate. There is an additional out of pocket expense of $795 for this service.
If a lost time claim occurs, contact your Sheakley Account Manager immediately to discuss these options to determine the best solution for your company.
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