Each insurer transacting or offering to transact workers' compensation insurance in the State shall offer deductibles for medical expenses as follows.
1. Optional deductible of $250. To employers who are not experience-rated, insurers shall offer a deductible of $250 per occurrence.
2. Optional deductible of $250 or $500. To employers who are experience-rated, insurers shall offer a deductible of $250 or $500 per occurrence.
3. Mandatory deductible of $500.