What are the available deductible levels?
$1,000.00 $5,000.00 $10,000.00 $25,000.00 $50,000.00 $75,000.00 $100,000.00 The maximum deductible level an employer can select cannot exceed 50% of the employers regular annual premium. Example: Employers annual premium for 2003 was $55,105. Employer will only be eligible to select deductible levels of $1,000 $5,000 $10,000 or $25,000. 7. Is the deductible amount applied once for each year or on each filed claim? The deductible amount is a per-injury amount. Each injury reported while the employer is participating in the Deductible Program is subject to the employers chosen deductible amount. Example ($25,000.00 deductible): Claim A paid costs = $100,000.00 Deductible = $25,000.00 Claim B paid costs = $15,000.00 Deductible = $15,000.00 Claim C paid costs = $30,000.00 Deductible = $25,000.00 Total claim paid costs = $145,000.00 Total Deductible paid by employer = $65,000.00 The employer is required to pay up to the full deductible amount until the deductible is met in full or for the l
