Combining similar employers and experiences equals greater discounts and savings.
Saving money$55,523 Initial annual premium, EM = 1.10 (penalty rated)
EM = .95 (now credit rated)
$48,100 |
Annual premium the next year | |
$7,423 |
Net savings in second year | |
Group savings (93 percent) | ||
$3710 |
Premium paid at group EM | |
$51,813 |
Group Savings |
$7,588 Initial annual premium, EM = 1.00 (base rated)
$501 |
Premium at group EM (93 percent) | |
$7,087 |
Net potential group savings |
Annual premium before discount | $100,000 |
|
DFWP savings (Level 1 = 10 percent) | $10,000 |
|
Final Premium | $90,000 |
|
Net Savings | $10,000 |
No transitional work |
With transitional work |
|
Medical | $6,000 |
$6,000 |
Compensation | $4,800 |
$1,200 |
Reserve | $24,000 |
$6,000 |
Total Value | $34,800 |
$13,200 |
Savings =$21,600 |