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.
People Profits is redefining HR - by rejecting the mindset that created HR. We assist our clients by injecting fundamental business and financial principles into the HR function. HR is transformed from a COST center into a PROFIT center and your HR department into organizational heroes. Our expertise is based on developing a Human Capital Strategy and implementing our proprietary systems and processes that will increase the value of your greatest asset and your BOTTOM LINE.
