2017 Oregon Workers’ Compensation Costs
Oregon workers’ compensation costs, already among the lowest in the nation, will drop in 2017 for the fourth-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 6.6 percent in 2017. 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 will increase from 6.2 percent to 6.8 percent in 2017. Self-insured employers and public-sector self-insured employer groups pay 7.0 percent. Private-sector self-insured employer groups pay 7.8 percent.
Workers’ Benefit Fund assessment. This assessment will decrease from 3.3 cents per hour worked to 2.8 cents per hour. 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.
Workers’ compensation costs to drop for fourth-straight year
DCBS releases national study on workers’ compensation costs