The Home Care Association’s Workers’ Compensation group purchasing program paid its largest dividend ever — $103,872. The dividend — for the July 1, 2015 – June 30, 2016 policy year — was shared among 16 agencies that qualified for the dividend, based on their medical loss ratios. This is the sixth consecutive year that the group has maintained an aggregate medical loss ratio below 50%, which qualifies individual agencies for a dividend. Dividend checks were mailed to agencies last week.
Twenty-one agencies participate in the program. It is administered by USI, with insurance coverage through AmTrust and industry-specific risk management provided by FutureComp. The HCANH Workers’ Comp program is a major benefit for members. The program offers outstanding premium discounts, services that help agencies manage risk and claims, and the potential for dividend rebates. If your agency is not in the program, now is the time to check it out. The group’s new policy year begins on July 1st.