REBATE CHECKS ARE COMING SOON BY PETER SHEFFER V.P. AND DIRECTOR OF INSURANCES, NHADA On May 15, 2024, NHADA is hosting our Unlocking Connections Business Conference and Partner Expo at the Grappone Center in Concord, NH. In addition to a day of innovation, collaboration and growth, we will be distributing the Workers Compensation Trust rebate checks. Please remember to pre-register so that we will have your rebate check ready for you during the post-meeting cocktail hour. We recognize how important rebates are to our members. Members must continually focus on proven loss prevention and claims management practices to reduce claims costs and increase rebates. It is shortsighted to stop adhering to these basic principles to save money on a daily basis. Failure to adhere to these principles will create increased claims costs, resulting in increased premiums and decreased rebates. The following are proven best practices to achieve the highest rebate possible: • Provide a safe workplace. • Have regular Safety Committee meetings. • Implement Safety Committee recommendations. • Train new hires focusing on safety. Utilize the NHADA platform LearnUpon. • Inform new hires about Workers’ Compensation Managed Care. • Document new hires’ pre-existing condition(s) on the Second Injury Fund form. • Take your time during the hiring process to hire the best person for the job, and be sure to train all new hires before they begin work. • Perform pre-placement drug testing and do not hire applicants who fail the test. • Do not allow new hires to work until the drug test is back. • Call NHADA immediately after an injury occurs to obtain assistance from the nurse case manager with a comp mc (managed care) network referral. • Promptly file the Employer’s First Report of Injury. The first report is now available on our website to submit to us electronically. There is no need to send it to the NH Department of Labor as we upload the claims information to them. • Communicate any concerns you or your staff have about the claim. • Provide temporary alternate duty. Temporary alternate duty remains the single most effective way to control Workers’ Compensation claims costs. Please remember that medical-only claims are discounted by 70% when the experience modification factor is calculated. In December, the claims staff reviewed all open claims to ensure that the reserves on those claims were as accurate as possible. The total incurred costs on all claims effective December 31 will be used to calculate the rebate. In February, the actuary for the NHADA Workers’ Compensation Trust reviewed claims data to determine the amount of money available to return to WCT Members in the form of a rebate. Then, the NHADA 8
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