Ohio Bureau of Workers Compensation (BWC) Prospective Billing True-up Procedure
Ohio BWC’s first-ever payroll true-up period began July 1 for policy year ending June 30, 2016.
This new process is part of BWC’s recent change to prospective billing and requires employers to report their actual payroll for the previous policy year and reconcile any differences in premiums paid. This is an important step that is necessary for BWC to accurately calculate your premium. It’s also critically important for employers in order to maintain their policy, as well as participation in their current rating plan or discount programs.
Employers must complete the true-up report even if your payroll for the year matches the estimate sent from BWC. The most convenient way to true-up will be online with a BWC e-account.
The Ohio BWC has created a video tutorial explaining the process for creating an e-account. The video can be viewed at https://www.youtube.com/watch?v=YMaslG0eq-M.
The BWC has also created a video tutorial to learn more about the true-up process and can be viewed at https://www.youtube.com/watch?v=dmYEtuGLEnQ.
Deadline for completing the payroll true-up is August 15, 2016.