NCCI Split Point Changes
November 22, 2013
The National Council on Compensation Insurance (NCCI) recently made a change to the Experience Rating Plan in order to more accurately reflect individual employers’ claims experience. The change includes increasing the $5,000 experience rating split point over a three-year transition. Seven states have approved the 2nd year split increase from $10,000 to $13,500 effective 01/01/14. These states include:
- New Hampshire
- New Mexico
In addition, Missouri had approved a four-year transition plan. Effective 01/01/14 the Missouri split will increase from $7,500 to $10,000.
More information regarding the split point changes can be found HERE. For further information on the split increase implications, please contact your Cottingham & Butler representative.