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Comp Reporting Plan Would Increase Employer Burden
The Social Security Administration’s proposal that workers compensation benefits be reported annually to the agency would increase insurers’ and employers’ paperwork and costs. “There is a potential here of an extra burden … and potentially extra costs for employers and carriers around the country,” said Rafael Gonzalez, Tampa, Florida-based vice president of strategic solutions at Helios Settlement Solutions, a unit of pharmacy benefit manager Helios….The mandate is a single paragraph in the Social Security Administration’s proposed fiscal 2016 budget published in February. The administration says it would require “states, local governments and private insurers that administer” workers comp and public disability benefits to report data on those benefits to the administration. The proposal also would “provide for the development and implementation of a system to collect such information from states, local governments and insurers.” Read more…
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