Explanation of change to primary/excess split point
Under the Experience Rating Plan, both actual and expected losses are divided into two groups, primary and excess. Up until 2013, primary loss has been the first $5,000 of any loss. The entire actual primary loss amount enters into the calculation. Actual excess loss, the amount above $5,000, is discounted from 20% to 96% depending on the size of the employer (specifically, their expected losses).
Table of Split Points
| Year | Split Point |
|---|---|
| Through 2012 | $5,000 |
| 2013 | $13,500 |
| 2015 | $15,500 |
| 2016 | $16,000 |
| 2017 | $16,500 |
| 2018 | $16,500 |
| 2019 | $17,000 |
| 2020 | $17,500 |
| 2021 2022 & 2023 2024 2025 | $18,000 $18,500 $17,500 $18,000 |
