We need your help as we prepare for the “freeze”.
What is freeze?
Each year, the Department of Labor and Industries (L&I) sets a “freeze” date for claims in the retrospective rating pool. This date is when L&I takes their snapshot of an employer’s open claims for the three plan years in review to determine adjusted premiums for reviewed years, determining the refund or additional premium assessment. This year, L&I will be reviewing claims in the plan years 2021, 2022, and 2023.
When is the freeze date?
This year the L&I freeze date is September 27, 2024.
Why is the freeze important to you?
The goal is to have zero open claims within the 2021-2023 plan year. If you still have claims remaining open, please work closely with your claims coordinator to determine if those claims will close or if costs can be reduced prior to L&I’s snapshot.
What you can do to prepare for freeze?
If you aren’t already, please reach out to your claims coordinator to set up monthly or quarterly claims review meetings. These meetings allow our claims team to work with you to identify strategies to move claims to closure or reduce overall costs.