Plan for continuing rate reform

In June, the BWC Board of Directors approved the next phase of rate reform. The comprehensive plan, developed with input from sponsoring associations, employers, and TPAs, provided a broad outline for how BWC would:

• Provide performance-based discount programs;
• Make improvements to group rating;
• Transition employers towards paying appropriate premium rates.

In addition, the plan talked about the ongoing transition to a split experience-rating plan, which will balance both frequency and severity of claims when assessing the future risk an employer presents to the system.

View executive summary

View entire plan