BWC has transitioned to prospective billing over the past year. To complete the policy year, we now require employers to submit a payroll true-up report either online or by phone. The true-up period for private employers begins July 1 with true-up reports due by Aug. 15.
Although reporting by phone is an option, we strongly encourage the use our online system. This method will save you time and money. Not only will you avoid potentially long wait times on the phone, you can take advantage of our Go-green rebate, to earn a 2-percent discount, up to a maximum of $2,000, for completing your true-up report online. Sorry, this is not available to minimum premium payers. Don’t forget that completion of the payroll true-up report includes reporting payroll and making any additional premium payments online (if you do owe premium).
If you have never established an e-account, it’s very simple to do. Check out this video to learn how.
If you have questions, you can always send an email to: email@example.com.
Lastly, remember that as part of the transition to prospective billing we provided you a transition credit with 1/6th of your estimated payroll paid for by BWC. When you complete your payroll true-up, we will adjust your transition credit (up or down) to be 1/6th of your total premium.
So, don’t forget to complete your payroll true-up online by Aug. 15. There’s a lot riding on this deadline, including BWC program implications, if you miss it!
*this blog was reposted with the permission of the Ohio BWC