WCB premium rates for long term care and seniors’ supportive living organizations for 2019 will be set at $1.62 per $100 insurable earnings. This is an increase of 1.25% from last year’s rate of $1.60. That increase is well below the average increase of aprox 6% for the rest of the rate groups in the Municipal Government, Education and Health Services sector.
The overall average increase of premium rates for all sectors in 2019 is $1.08, up from $1.04 in 2018.
Since 2010, average industry rates have decreased from a level of $1.91 to $1.62 in 2019. But over the last 5 years rates have been increasing from the $1.46 they were at in 2014.
Did you know that if you are part of the Partnerships in Injury Reduction (PIR) Program, you can reduce your premiums by up to 20%?
If you have any questions about PIR or any of the programs offered by the Continuing Care Safety Association, please visit the CCSA PIR/COR/Audits webpage.
For more information on 2019 WCB premiums, please visit the WCB website.