Complete Story
06/23/2017
BWC True-up
UPDATE! The payroll True-up period for private employers begins July 1, 2017. Payroll true-up reports are due to BWC no later than Aug. 15, 2017.
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 payroll True-up process is part of prospective billing, and as a result, Ohio businesses are 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, 2017 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.
Below are a couple of youtube video links that you may find helpful in the process:
Contact Cordell Walton at CWC if you have concerns about any of this: cordell.walton@careworkscomp.com
CareWorksComp has provided a summary of upcoming deadlines:
June 30, 2017:
* Final day to complete Safety Council Participation requirements. (See below).
* Final day to complete Industry Specific Safety Program (ISSP) loss prevention activities.
* Deadline to complete the ISSP on-site consultation survey (form SH-29).
July 1, 2017
* Beginning of the 2017 policy year.
* BWC will send the 2016 Policy Year payroll true-up notice, or you can go online to complete starting on this date.
* Start of the following 2017 BWC programs:
* Drug Free Safety Program
* Deductible Program
* Individual Retrospective Rating Program
* Group Rating Programs and Group Retrospective Rating Programs
* One Claim Program
* Industry Specific Safety Program
* Transitional Work Bonus Program
* .99 EM Construction Cap
* EM Cap
July 3, 2017
* First 2017 premium installment is due.
Last Chance for 2016 Policy Year
Required Safety Training
CareWorksComp is pleased to offer Two-Hour Safety Training to meet BWC’s two-hour safety requirement for group rated and group retrospective rated employers. You are receiving this notice because the BWC has indicated you must complete two hours of safety training by June 30, 2017.
Video/Webinar
CareWorksComp is offering a video/webinar version of our annual workers’ compensation and safety seminars. This informative video/webinar discusses rates, hearings, claims management, safety, unemployment compensation, absence management and vocational rehabilitation.
A $35 fee applies. If interested, please contact CareWorksComp’s Marcia Dennis at
1-800-837-3200, ext. 52323 or via email at marcia.dennis@careworkscomp.com.
Read more about the safety training: CWC Two-Hour Training June 2017
