When paying a little is still too much

My daughter signed up for workers’ comp coverage because she is working as spot labor for a number of people this summer and she wanted to be covered in case she got hurt.  Even before the BWC assigned a policy number, she got a solicitation from a group TPA offering to get her into group rating through the Grow Ohio program.

The minimum cost to maintain Ohio workers comp coverage is $50 each six months.  No discounts, including group rating, will change that minimum payment.

It’s unlikely that she will make enough to have to pay more than the $50 minimum premium each six months, but the group TPA has asked for $75 to get her a discount.

Takeaway:  Check what your required costs will be before paying anyone to “save” you money.

 

Posted in business, group rating, premiums.