Changes in Texas Workers Comp Effective July 2015

Effective July 1, 2015, Texas will be adopting the NCCI Experience Rating Plan with some state specific exceptions. Key Changes to Texas Workers Compensation Rating affecting the experience plan rating include:

  • Only 30% of medical only incurred loss amounts will be used in the experience rating calculation rather than the current standard of 100%.

  • The expected loss rates, discount ratio, weight and ballast values used in the experience rating calculations will be revised annually along with NCCI loss cost filing.

  • The split point between primary and excess losses will be revised from $5,000 to $15000.

The Texas Department of Insurance staff petition notes the following expected impacts on e-mods as a result of these changes:

  • Slightly more credit mods

  • Majority of e-mods will remain between 0.80 and 1.00

  • Roughly 88% of e-mods are expected to increase or decrease less than 5%

  • Of the remaining accounts, approximately half are expected to move from credit to debit (about 2,700 risks)

Swingle Collins & Associates is ready to help you evaluate the effect that these changes will have on your workers compensation policy. Please contact your agent for assistance with projecting the effect on your individual account as some may be significantly impacted by the change.

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