North Dakota’s workers compensation agency is proposing a 3.3 percent average increase in its rates, starting in July.
Agency director Bryan Klipfel says most of the increase is because of North Dakota’s rising wages. The new rates will be applied to each worker’s first $24,700 of income.
That threshold is $1,000 higher than it is now, so even if rates stay the same, a company’s insurance bill will be going up.
Klipfel says some of the increase is attributable to higher medical costs.
The Workforce Safety and Insurance agency held a brief public hearing on the proposed rates Wednesday. No one spoke about the proposal. Klipfel says he’s hopeful the lack of interest means people think the rates are reasonable.
Was this article valuable?
Here are more articles you may enjoy.