Title 31A inacted into law May, 2013 by Governor Mary Fallin.
What is the Oklahoma OPTION?
The Oklahoma Option Act was signed into Oklahoma law in May 2013. It allows employers who meet certain financial conditions to exit the Oklahoma Workers' Compensation system and administer it's work-related injuries under an employee sponsored benefit plan, similar in concept to that of a private, group health care plan.
The OPTION (Injury Benefit Plan) must provide the same form of benefits with at least the same dollar, percentage and duration limits. Employers enjoy the same "exclusive remedy" under the Oklahoma OPTION.
Savings can be enormous!!
Call today to determine if you are a Qualified Employer.