Ohio BWC Mails First Notices of Estimated Premiums
Ohio BWC’s transition to prospective billing has reached the implementation stage. The first round of Notices of Estimated Premiums arrived in the mail over the past week, informing us of the premiums employers will be required to pay for the coming year. The first actual invoice to pay will arrive in early August with the first payment due August 31. In July 2016, employers will file a true-up report, reconciling actual payroll paid with the estimates provided by BWC, with overages and shortages resulting in credits to the account or balances due. If the amounts estimated by BWC appear significantly different than what an employer expects to actually incur, a call to the Bureau is required to make any adjustments. More information is available here.
