Workers’ compensation costs vastly differ from Medicare rates

According to a new report released by the Workers’ Compensation Research Institute (WCRI), workers’ compensation costs for surgical procedures differ greatly from Medicare rates for common procedures.

The report analyzes data from 33 states that make up 87 percent of workers’ compensation benefits that are paid in the United States. WCRI economist and study co-author Dr. Olesya Fomenko said the report also discovered that hospital outpatient payments are significantly different from each other depending on the state. Costs range from 69 percent below the study-state median in New York to 142% above the study-state median in Alabama in 2014.

Average workers’ compensation payments and Medicare rates for common procedures are even further apart. Costs range from as low as 27% ($631) below Medicare in New York and as much as 430% ($8,244) above Medicare in Louisiana.

The workers’ compensation lawyers at Scudder Seguin, PLLC provide legal services for our clients in Raleigh and other areas of North Carolina and handle the filing and appealing of workers’ compensation claims. To see how we can help you obtain benefits for workers who are injured in a workplace accident, call our offices today at (919) 851-3311.

North Carolina employers to pay less for workers’ comp rates

Next year starting in April, the workers’ compensation rates paid for by North Carolina employers will be decreased by an average of 3.4% from what they are paying today, & reported on November 20.

The North Carolina Insurance Commissioner Wayne Goodwin approved the rate asked for by the North Carolina Rate Bureau, which is the state organization of insurers.

Insurance Department spokeswoman Kerry Wall said the 3.4% decrease is set to have an effect on 95% of employers in the state. However, the rate decrease will vary based on the employers’ claims history and the kind of workers they have employed.

The attorneys at Scudder Seguin, PLLC, in Raleigh know that injured workers depend on workers’ compensation benefits to support them while they are unable to work. If you have been injured in the workplace and need assistance pursuing the financial support you need, call our offices at (919) 851-3311 today for diligent legal representation.