One of the most confusing things for some small businesses is understanding how the Workers’ Compensation Insurance Rating Bureau calculates a business’ experience modification. First of all, not all businesses generate enough premium to have one. You must be paying in the neighborhood of $30,000 over a three year period which eliminates most small businesses in the state.
But if you do have an experience modification you should always ask your
broker for a copy of your Experience Modification work sheet. Most
small businesses have never seen this. You will quickly see that claims are very expensive. On smaller claims
you will usually pay more over three years than the claim costs the
Do you have an experience modification? Would you be interested in knowing how your modification is calculated?
SB1124 appears to be going to the Governor’s desk. Currently someone 55
or older who dies and has been insured by Medi-Cal can have their
assets seized by the state upon their death for medical expense paid by
Medi-Cal. SB1124 would change this and prevent the state from going
after these assets. It is estimated that the state receives about $15
million a year in recovered assets. Should the state be allowed to seize
these assets? Thoughts?
Small Business California
2311 Taraval Street
San Francisco, CA 94116