Cost Control Techniques

Cost Control Solutions

CareWorksComp is the industry leader in providing innovative cost control solutions to assist employers in minimizing their overall workers’ compensation costs. Some of the key strategies include:

Salary Continuation

Salary continuation is compensation paid to an injured worker by the employer, in lieu of temporary total compensation paid by the Ohio Bureau of Workers’ Compensation (BWC). By continuing to pay an injured worker’s wages as if they were still working the regular amount of hours per week, an employer can avoid BWC paying out temporary total compensation of the claim.

Lump Sum Settlements

A lump sum settlement is an agreement between the employer, injured worker and BWC for a payment of lump sum, to settle one or more workers’ compensation claims. Settling a claim allows the removal of the settled claims’ reserves and helps to keep the employer’s premium costs lower.

Handicap Reimbursement

Handicap reimbursement is a program where an employer may seek reimbursement if an injured worker has one of 25 pre-existing conditions. Under the program, an employer may file for reimbursement on certain workers’ compensation claims, if it can be proven the handicapped condition(s) led to the injury or delayed the healing process.

Vocational Rehabilitation

Vocational rehabilitation helps injured workers safely return to work or maintain employment and decrease costs of workers’ compensation claims. These services are individually tailored to meet the needs of injured workers and their work environment.

Modified Duty Off-Site (MDOS)

MDOS is a program offered to assist in returning employees to work (temporarily offsite) following an injury or period of disability. This program provides placement for employees, who are not able to temporarily return to their original job. Typically, these job placements are coordinated with non-profit organizations. MDOS allows employees to resume a productive work lifestyle while transitioning to their regular job, helping decrease claim costs for the employer.

Transitional Work Program

Transitional work allows injured employees with medical restrictions to work in their job or a transitional job for a limited period of time under the supervision of a medical provider. This program helps lower an employer’s workers’ compensation costs by decreasing the number of days an injured worker is off work. The Transitional Work Grant and Performance Bonus programs can provide an upfront grant and a potential performance bonus as a percent of pure premium for employers utilizing transitional work.

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