Complete Story
06/22/2016
BWC True-up and Upcoming Deadlines
Courtesy of CareWorksComp:
UPDATE! The first-ever payroll True-up period for private employers begins July 1, 2016. Payroll true-up reports are due to BWC no later than Aug. 15, 2016.
At the end of each private employer policy period (July), it is necessary to reconcile estimated payroll with actual payroll. This is called the True-up. This report can be completed online at: http://ow.ly/4mWUlm or over the phone by calling 1-800-644-6292.
This new payroll True-up process is part of prospective billing, and as a result, Ohio businesses are now required to reconcile their actual payroll annually for the prior policy year and also reconcile any differences in premium paid. According to BWC, the True-up allows more accurate premium calculation. Even if actual payroll for the year matches the original BWC estimate or a business had zero payroll, the True-up report must be completed.
The quickest and easiest way to True-up is online with a BWC e-account. If you do not have a BWC e-account you can create one by signing on to: https://www.bwc.ohio.gov/SelfSvcAccountAdmin/newacc.asp.
You can also complete the True-up through the BWC call center however wait times may be extremely high, as a result BWC encourages the use of their online reporting system.
IMPORTANT NOTE:
Again, August 15, 2016 is the due date for your True-up report to be completed with BWC. This is a critical deadline, as the BWC has indicated that if a business does not complete the True-up timely, they may not be eligible for current, and future alternative rating and premium discount programs such as Group Rating and Group Retrospective Rating. Once more, reports must be submitted either online at (http://ow.ly/4mWUlm) or by phone at 800.644.6292.
OTHER UPCOMING DEADLINES:
June 30, 2016
- deadline to complete Safety Council participation requirements for the 2015 policy year.
- deadline to complete Industry Specific Safety Program loss prevention activities for the 2015 policy year.
- due date for the first 2016 policy year premium installment.
July 1, 2016 marks the beginning the 2016 policy year.
Two Hour Safety Training:
For members who participate in either a group rating or group retro program, the 2015 two-hour group safety training requirement is due by June 30th, if the company had a claim occur between 1/1/2014 and 9/30/2014. For businesses that have not completed this requirements, here are two options:
Take online training courses through the RiskControl360° website, which has been updated with new courses and an easier payment process. Please visit www.riskcontrol360.com/online-training to view our catalog of courses available in different time increments.
Visit www.bwc.ohio.gov/employer/programs/safety/SandHEducation.asp for online training courses through BWC, or contact them for an in-person visit at 800.644.6292.
Once the two hours of training have been completed, certificates can be submitted to us by email at twohourtraining@careworkscomp.com
