2016 Oregon Workers’ Compensation Costs
Oregon workers’ compensation costs, already among the lowest in the nation, will drop in 2016 for the third-straight year. Stable costs for lost wages and lower average medical care costs are driving a decrease in the pure premium.
Pure premium. The pure premium will decrease an average 5.3 percent in 2016. Pure premium is the portion of the premium employers pay insurers to cover anticipated claims costs for job-related injuries and deaths.
Premium assessment. The assessment to cover the costs of administering workers’ compensation programs remains at 6.2 percent of workers’ compensation premium in 2016. Self-insured employers and public-sector self-insured employer groups pay 6.4 percent. Private-sector self-insured employer groups pay 7.2 percent.
Workers’ Benefit Fund assessment. This assessment remains at 3.3 cents per hour worked, the same as 2015. It funds return-to-work programs, provides increased benefits over time for workers who are permanently and totally disabled, and gives benefits to families of workers who die from workplace injuries or diseases.
Read the Sept. 15, 2015, news release