Workers' Compensation Rate Change
In June of 2020, the Montana State Fund (MSF) took over the Montana Association of Counties’ workers’ compensation program. In conjunction with this event, it was brought to the MMIA’s attention MSF rates for several workers’ compensation class codes were significantly lower than MMIA’s rates.
As a result, the MMIA Board of Directors have approved new rates for the remainder of the fiscal year. The new rates, are effective from January 1, 2021 through June 30, 2021. These rates will be reflected in your invoices beginning in March. In mid-April the BOD will approve rates for the fiscal year that starts July 1, 2021, using the new methodology identified above along with actuarial considerations. These rates represent an overall rate decrease of 26.67%.
Please watch the video below and review the information to the right.
If you are approached by local insurance agents or MSF, we humbly request you contact CEO Alan Hulse at email@example.com or 1 (800) 635-3089 ext. 124 to engage in a conversation of the importance of being part of the MMIA and the long-term ramifications changing carriers could have on your municipality.