Tuesday, June 23, 2020

Assessment Rates for 2021

Assessment Rates for the Florida Workers' Compensation Administration Trust Fund (WCATF) and the Special Disability Trust Fund (SDTF)

The Florida Department of Financial Services, Division of Workers' Compensation (DWC) issued an Informational Bulletin (DFS-03-2020). The Bulletin advises insurers, self-insurers, and other related stakeholders that Florida's Chief Financial Officer has issued an Order (Case No. 263219-WC) setting the WCATF assessment rate for Calendar Year 2021. The 2021 WCATF assessment rate has been set to remain at 0.79%. This also represents a steady decrease in the assessment rate for the WCATF in each of the preceding eight years.

The Florida Department of Financial Services, Division of Workers' Compensation issued another Informational Bulletin (DFS-02-2020). The Bulletin advises insurers, self-insurers, and other related stakeholders that Florida's Chief Financial Officer has issued an Order (Case No. 263220-WC) setting the assessment rate for the SDTF for Calendar Year 2021. The 2021 SDTF assessment rate has been set to remain at 0.40%. This also represents a steady decrease in the assessment rate for the SDTF in each of the preceding ten years.

The Informational Bulletins and Assessment Rate Orders are available on the Division's website at: http://www.myfloridacfo.com/division/wc/bulletins.htm, and the assessment rates are available at: http://www.myfloridacfo.com/division/wc/rates.htm.