How MCIT Determines a Member’s Contribution

MCIT members pay an annual contribution that is used to cover the anticipated costs of claims for the year and for program administration. Each year the MCIT Board of Directors reviews several dynamic factors that they consider when setting rates for the following year. When members understand how standard rates are derived and applied, they can better understand how their organizations’ annual MCIT contributions are calculated.

What You Learn

The webinar “How MCIT Determines Contribution Rates” identifies the factors that the MCIT board reviews when setting rates and explains:

• How those factors can affect rate calculations
• Reasons different lines of coverage have varying rates
• How standard rates are applied to a member’s specific risk factors

The session also provides the timeline for this process including when:

• The MCIT Board of Directors sets rates for each year’s lines of coverage
• Members receive their estimated contribution for the next year
• Invoices are sent and payment is due for the following year’s contribution

Who Should View

The webinar is recommended for:

• The entity’s primary contact for MCIT
• County administrators/coordinators
• Executive directors
• Governing board members (e.g., county commissioners, SWCD supervisors)