Call or email us anytime
(805) 484-0333
Search Guide
Today is Friday, November 22, 2024 -

News Articles

Payers, Regulators Say SSA Proposal to Add Reporting Mandate Would Be Burdensome

  • National
  • Topic: Top
  • - Popular with: Legal
  • -  0 shares
Insurance carriers, regulators and claimants’ attorneys are concerned that a proposal to requi…

Purchase this story for only $7.99!

Add to Cart

For access to all our articles, check out our subscription options.

One Comment

Log in to post a comment

Close


Do not post libelous remarks. You are solely responsible for the postings you input. By posting here you agree to hold harmless and indemnify WorkCompCentral for any damages and actions your post may cause.
Frank Neuhauser Nov 3, 2016 a 7:58 am PDT

In most states there is a simple way to accomplish this reporting since IAIABC-EDI reporting can accomplish this from a single source (state) to SSS. Since insurers already report to the state agencies, this represents no extra burden. Amazingly, it has been proposed to SSA on at least three occasions that the states and SSA get together and resolve the few remaining issues for centralized reporting. And each time SSA walked right up to a month before the meeting and then said, "No, we've decided not to participate at this time." Instead of having hundreds of insurers, tens of thousands of employers, and millions of workers trying to coordinate with SSA, most states could supply these data to SSA with just a few adjustments to the data collection. SSA makes 10s of thousands of mistakes on benefits each year, about half short-changing beneficiaries and spends millions of dollars collecting the data. Insurers, employers and workers also spend millions of dollars in time and effort to comply with current, poorly executed collection. It's time for SSA to step up to the plate and commit some resources to a comprehensive solution that would save everyone millions a year...oh, and save SSA money while getting the proper benefits to workers. States have demonstrated a willingness to work out the issues, but SSA is seemingly unwilling to change.

Advertisements

Upcoming Events

  • Feb 5-7, 2025

    Business Insurance 2025 WORLD

    February 5, 2025 – February 7, 2025. The Business Insurance World Captive Forum, established in 1 …

  • Mar 6-7, 2025

    DWC Opens Registration for 32n

    The California Division of Workers’ Compensation (DWC) is pleased to announce that registration fo …

  • Mar 20 – Apr 21, 2025

    DWC Opens Registration for 32n

    The California Division of Workers’ Compensation (DWC) is pleased to announce that registration fo …

Workers' Compensation Events

Social Media Links


WorkCompCentral
c/o Business Insurance Holdings, Inc.
PO Box 1010
Greenwich, CT 06836
(805) 484-0333