The Ohio Plan Advantage was created to reward Ohio Plan Members (after a 3 year claim development period) for their efforts in minimizing or eliminating claims.  Approved by the Ohio Plan Board of Directors each year, the Ohio Plan Advantage was

• Instituted January 2006
• Has awarded over $3,000,000 in the first 4 years
• Is projected to award $880,000 in 2010

The maximum potential Advantage renewal premium credit is the direct result of the member’s consecutive Policy Years of enrollment in the Ohio Plan.  Those members that have at least three, but less than five consecutive Policy Years of membership in the Ohio Plan are eligible for a renewal credit of up to 5% of the Annual Premium that was paid by that member for the first Policy Year of the Development Period.  Members with 5 or more consecutive Policy Years of membership in the Ohio Plan are eligible for a renewal credit of up to 10% of the Annual Premium that was paid by that member for the first Policy Year of the Development Period.

The Ohio Plan Advantage is based on a 100-point system with members earning points based upon their individual loss ratio and risk management practices.  The loss ratio calculation allows for a maximum of 60 points and the Risk Management calculation can provide up to 40 points.  The Ohio Plan Advantage is just one more reason why the Ohio Plan is the largest and most successful alternative insurance program in the State of Ohio.  

Learn more about the Advantage Plan >