TABLE 2.
Cost of Medical-Only and Lost-Time Claims 1988–2020
Claim Type | Count of Claims | Count of Claims % | Average Indemnity Paid | Sum of Indemnity Paid | Average Medical Paid | Sum of Medical Paid | Average Total Paid | Sum of Total Paid | Sum of Total Paid % |
Lost Time | 8807 | 30.2% | $8551 | $75,312,143 | $6279 | $55,298,365 | $15,518 | $136,664,676 | 94.6% |
Medical Only | 20,369 | 69.8% | $0 | $0 | $381 | $7,758,102 | $382 | $7,778,604 | 5.4% |
Total | 29,176 | 100.0% | $2581 | $75,312,143 | $2161 | $63,056,466 | $4951 | $144,443,280 | 100.0% |