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Private Employers | Prospective Billing for Worker's Comp Premiums Just Around the Corner

Posted on Tue, Dec 02, 2014 @ 02:34 PM

by David J. SchmittDavid J. Schmitt

The way you pay BWC for workers’ compensation coverage is changing. You may remember a prior blog post back in 2013 indicating that BWC was proposing a change from retrospective to prospective billing. This change, meaning that employers will be paying for worker’s compensation coverage in advance, is now upon us.

BWC is transitioning private employers to prospective billing on July 1, 2015. BWC believes that this effort will help it modernize its operations and provide better service to Ohio’s employers.

This switch to prospective billing impacts rating plan and program sign-up deadlines.

For the policy year beginning July 1, 2015, these deadlines are:

  1. Jan. 30, 2015 – group-retrospective rating, individual-retrospective rating, Deductible Program and One Claim Program;
  2. May 29, 2015 – Destination: Excellence programs.

In May 2015, private employers will receive estimated premium notices and certificates of coverage. Employers should review the certificates for accuracy and contact BWC if any of the information is incorrect. Each certificate will contain new language that says coverage is conditional upon payment of the premium.

In order to streamline the transition, BWC is providing a transition credit to private employers, as long as their worker’s compensation coverage is in good standing. Lapsed policies must be rectified prior to July 1, 2015, to receive the transition credit. You will receive an invoice from BWC for your September and October premium payment, which will be due Aug. 31, 2015. On that invoice, you will see a transition credit which will cover your premiums for July and August, 2015.

As the transition progresses, Cors & Bassett will provide further information and guidance to assist you. Please contact David Schmitt at or by phone at 513-852-2587 if you would like to discuss this issue further.

Tags: Bureau of Worker's Compensation, BWC