In 1992, members formed the Workers’ Compensation Insurance Dividend Trust (IDT), now a well-established group of clients that meet to review losses and recommend ways to improve as a group. For those RCPA members who qualify and seek to work with fellow members to reduce and mitigate losses, this is a great mechanism to control workers’ compensation costs.
Hearten (formerly known as the PARF IDT Workers Compensation Program) offers a pay as you go billing option; stable rates and competitive pricing; aggressive claims handling and medical cost management, high-quality loss control and risk management services and training; insurance company stability; peer-to-peer collaboration; and a social rehab facility subclass. Since 2002, the program underwriter has requested the approval of subclass code 5941 (Social Rehab Facility) for all headquarters staff of such facilities. Rates correspond to filed rates for code 953 (Clerical Office Employees). Without the subclass, the PCRB requires all employees, including office staff, to be included in class code 941.
Hearten is a member-owned captive program where policies are underwritten and issued by an “A” AM Best® rated insurance carrier – Eastern Alliance Insurance Group (EAIG). The program requires upfront collateralization, and is reinsured on both a specific and aggregate basis, to help protect members from additional costs due to exceedingly adverse claim experiences, either individually or collectively. Underwriting profit and investment income can be returned depending on the performance of the group and the individual member.
Program administrator: McConkey Insurance & Benefits — John Olkowski, CIC, CRM, AAIor www.heartenworkcomp.com
