Three states have announced rate changes related to workers compensation: California, Missouri, and Washington state. Below is a general summary of each state's announcement.
California
State law requires temporary total disability (TTD) rates to change in proportion to the change in the average weekly wage paid to individuals covered by unemployment insurance. In accordance with Cal. Lab. Code §4453, both the minimum and the TTD rates will increase. The new minimum will be $242.86, compared to $230.95, and the new maximum is $1,1619.15, compared to $1,539.71. The increase will become effective on January 1, 2023.
Missouri
For the seventh time in eight years, the Missouri Department of Commerce and Insurance is recommending a decrease for workers compensation loss costs rates. The announced 6.4 percent decrease will be effective as of January 1, 2023. One factor contributing to this change is the steady decline in lost-time claims, which have gone down 32 percent since 2006.
Washington State
Rising inflation and medical costs have contributed to a premium increase of 4.8 percent for workers compensation. Though employers and employees will each pay a portion of the roughly $61 per-employee-increase, employees will still pay approximately one-fourth of the total premium.