I agree that the employer will need death, disability & lost time coverage. I think Aflac's supplemental plan might do it (or something like it).
I had this idea when at a Kaiser clinic I spoke to a guy who had an on the job injury and was doing his PT thru Kaiser. I'd guess he worked for a big company that uses Kaiser for everything?
In my situation most of our on the job injuries are minor (I'm knocking on wood)- pulls, strains, couple stitches, ect. If possible I pay these out of pocket because rates are based on your mod which is based on frequency. If need be I have the employee do some light duty stuff until he's good to go, so no lost wages. Every situation is different and with guys I don’t know (or injuries unknown) I file a claim. My point is this: big companies have a go to comp doctor, this is a way for them to weed out false claims. It also provides for a doctor to determine when a claim should be filed vs. pay from pocket. These are huge benefits in the long run and why not us, if we’re paying for the insurance use it to our advantage.
Treecareinc brings up the biggest problem with comp or any system like it- Fraud. That’s why these big corporations are doing what I describe. That’s why if you tell the folks at the ER it was an on the job injury, they scrutinize and test a whole bunch more. They know that if an ambulance chasing attorney finds out, someone is getting sued. They don’t want it to be them.
And no, 2k's not even reasonable but it gets you insurance. Some would argue 10k in debt is better than paying for the whole heart attack that could run 100k or more.
