Ohio Specific Rates and Class Codes
In Ohio, assisted living facilities fall under the workers compensation class code 8965 (Residential Care Facilities). The base rate for 2024 is set by the Ohio Bureau of Workers' Compensation (OBWC) at $1.12 per $100 of payroll, adjusted annually for inflation and industry loss ratios.
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How Premiums Are Calculated
Premiums combine the base rate with an experience modifier that reflects a facility's claim history. The formula is:
Premium = Payroll × Base Rate × Experience Modifier.
For example, a facility with $500,000 payroll and an experience modifier of 1.05 would pay $5,880 (500,000 ÷ 100 × 1.12 × 1.05).
Experience Rating Factors
OBWC assigns modifiers ranging from 0.70 (excellent safety record) to 1.30 (high claim frequency). Factors influencing the modifier include:
- Number and severity of reported injuries
- Implementation of safety programs
- Timeliness of claim reporting
Comparative Table of Typical Modifiers
| Modifier Range | Typical Claim Profile | Impact on Premium |
|---|---|---|
| 0.70‑0.89 | Few minor claims | 10‑30% lower than base |
| 0.90‑1.09 | Average industry claims | Near base rate |
| 1.10‑1.30 | Frequent or severe claims | 10‑30% higher than base |
Strategies to Reduce Costs
Facilities can lower their modifiers by investing in staff training, ergonomic equipment, and proactive injury reporting. OBWC offers a safety incentive program that can shave up to 5% off the base rate for certified safety plans.
Key Dates and Compliance
Employers must report payroll by March 1 each year and file any new claims within 10 days of occurrence. Missing these deadlines can trigger penalties and automatic rate increases.