Lowering Premiums is Our Business

M-F 8:00 AM - 5:00 PM

28605 Ranney Pkwy Westlake, OH 44145

Blog

2020 Policy Year True Up Reminder!

It’s a wrap on the 2020 policy year, which means you should be submitting your company’s annual payroll True Up to BWC. True Up is a process required by Ohio BWC at the end of each policy year, where your premiums based on projected payroll are balanced with premiums based on your actual payroll for the past year. Compliance with both the reporting and payment of any balances affects your company’s eligibility for most savings programs. 


The “deadline” to submit your payroll true-up reports on the Ohio BWC website is August 15th – but there are some finer details to consider. August 15 falls on a Sunday, which makes the deadline Friday August 13, realistically speaking. We’ve also learned that historically, you should allow 24 hours for posting – which makes the real deadline Thursday August 12. 


 You will also need to pay any applicable balances if your payroll was higher than what the Ohio BWC estimated for the period of July 1, 2020 to June 30, 2021. Balances are expected to be paid during the designated reporting period, but there is a small grace period on both reporting and payments. If you are unable to pay the entire balance at the end of the reporting process, please note that any future payments will first be applied to your delinquent True Up Balance before being applied to your premium installments. Payment plans for True Up balances are only available through the Ohio Attorney General’s office following an application process.  
Employers should also be prepared to answer the following questions as part of the True Up reporting process:  
If you utilize Spooner’s sister company Surety HR for payroll services, there’s no need to worry about your true up – we take care of the True Up reporting for you.  


If you don’t utilize our payroll services, our Client Services team is still here for any questions or concerns regarding the True Up process. Please reach out to Jennifer Kantorowski at 440-249-5212 or Jkantorowski@spoonerinc.com 
 

Most Recent

Are Missing Group Retro Refunds Complicating Your Budget for 2022?

Posted By Brandy King
November 09, 2021 Category: Ohio BWC, Workers Comp, Group Retro, Retro Refunds, 2018 Policy Year, PEO

Back in August, we told you that Ohio BWC wouldn’t be paying Group Retrospective refunds to employers who participated in Retro during the 2018 and 2019 policy years.  For the past 12 years, many businesses have counted on those checks to budget for the coming year. Normally, Retro refunds would have showed up last month (October), but this time those employers were left empty-handed.  Companies that were anticipating tens of thousands (hundreds of thousands, in some cases) in Retro Refunds are now faced with an end of year shortfall and difficulty budgeting.  Our actuarial department estimates that Group Retro refund totals for all participating policyholders during the 2018 and 2019 policy years would have been as follows: •    $190,000,000 for the 2018 policy year   •    $155,000,000 for the 2019 policy year  That’s $345 Million in refunds not being paid back! If you are concerned with how the state is managing your premium dollars - and more importantly, your refunds - you have options. Self-insuring is one option, or you can look into a partnership with SuretyHR through our Self-Insured PEO program. This provides a lot of the same savings and benefits of self-insuring for workers’ comp, but without the risk and financial burden of directly paying excess

BWC to Host Open Forum on ACES

Posted By Brandy King
October 07, 2021 Category: ACES, Ohio BWC, Workers Compensation, Ohio BWC, Ohio Workers Compensation, Underwriting, ACES, MIRA II, EMR, Insurance Premiums

On October 14, BWC will host an open forum with TPAs to discuss the impact of their new reserve system called ACES.  Spooner’s goal is to convince BWC that this system is overestimating reserves for lost time claims (as well as some medical only claims) that will have a dramatic effect on Group Retro refunds for the 2020 policy year and future years. This could also have a negative impact on employers’ EMRs for the 2023 policy year. BWC implemented this new system of calculating reserves in January 2021. As early as June, we began noticing reserves jumping to nearly 4-5 times what they would have been under the previous system and industry standard, MIRA II. We shared another update in August, after reviewing the first round of results for 2020 Group Retro and finding that 68% of pools could face a first year assessment, as opposed to getting a refund from the program.  These open forums held by BWC are a platform for TPAs to voice concerns over certain policy and procedure changes that may negatively impact Ohio businesses. Spooner is an Ohio business, and our family of companies make it a priority to fight for policy changes that will have a positive impact on the business community that we’re so proud to be a part

Is Our Company Required To Train Employees in First Aid and CPR?

Posted By Brandy King
October 07, 2021 Category: OSHA, First Aid, CPR, AED, Medical Treatment, First Responder Training, Safety Training, Safety, Compliance

One question that our safety team gets across nearly all industries is, “Am I required to have my employees certified to perform first aid and CPR?” OSHA requires that in the absence of an infirmary, clinic, or hospital within near proximity to the workplace – one or more staff members should be adequately trained to provide first aid. While the standards do not specify exactly how close by, OSHA has long interpreted the term "near proximity" to mean that emergency care must be available within no more than 3-4 minutes from the workplace. One option these standards provide employers is to ensure that a member of the workforce has been trained in first aid. This option is a feasible and low-cost way to protect employees, as well as putting the employer clearly in compliance with the standards. OSHA recommends that every workplace include one or more employees who are trained and certified in first aid, including CPR. While AED training is not specifically addressed or required by the standard, including that in your CPR training is recommended.   The team at Spooner Safety will now be offering first aid and CPR training to businesses that would like to certify members of their team as either a requirement or best practice. Please contact Jeremy Smith at 440-249-5696 | Ext: 154 for more

Categories
General (63)
Workers Compensation (18)
Ohio BWC (17)
Safety (10)
Group Retro (9)
OSHA (8)
Compliance (7)
ACES (4)
FMLA (4)
COVID 19 (4)
(4)
HR (4)
Payroll (3)
PEO (3)
Benefits (3)
True Up (3)
2019 PY (2)
Program Placement (2)
OHio BWC (2)
EMR (2)
Ohio Business (2)
Consulting (2)
Outsourcing (2)
Human Resources (2)
BWC Premiums (2)
EFMLA (2)
401k (2)
FFCRA (2)
MEP (2)
2018 PY (2)
Ohio Bwc (2)
Ohio BWC Dividends (2)
MCO (2)
Finance (2)
OSHA ETS (2)
Reserves (2)
ARPA (2)
Workers Comp (2)
Pros And Cons Of PEOs (1)
Coronavirus (1)
Professional Employer Organization (1)
COVID 19 Workers Comp Claims (1)
Group Retro Assessments (1)
Unemployment (1)
Experience Period (1)
AED (1)
Claim Reserves (1)
Managed Care Organizations (1)
Medical Costs (1)
Financial Security (1)
Retention Tools (1)
Mid Sized Employer (1)
Small Employer (1)
Retirement Plans (1)
Premium Savings (1)
Workers\' Comp (1)
PAR (1)
Safety Council Program (1)
Bwc Safety Council (1)
State Fund (1)
Open Enrollment (1)
Bwc Compliance (1)
Ohio Workers Comp (1)
Retirement Savings (1)
CPR (1)
First Aid (1)
First Responder Training (1)
Insurance Premiums (1)
MIRA II (1)
Underwriting (1)
Safety Training (1)
Ohio Workers Compensation (1)
Rebate (1)
Federal Contractors (1)
Retro Refunds (1)
Vaccine Mandate (1)
Investment (1)
Employee Retention (1)
Retirement Plan (1)
True Up Reporting (1)
Refunds (1)
Payroll Reporting (1)
Medical Treatment (1)
True Up Deadline (1)
OSHA Region 5 (1)
Indiana (1)
Ohio (1)
Michigan (1)
Group Retro Assessment (1)
Hearing Conservation (1)
Audiogram (1)
Regional Enforcement Program (1)
PPE (1)
Group Retrospective Rating (1)
MIRA (1)
Dividends (1)
Ohio Mask Mandate (1)
Recordkeeping (1)
BWC Dividends (1)
Ohio Employment Law (1)
Employee Handbooks (1)
FLSA (1)
HR Compliance (1)
WPAFB (1)
Construction (1)
DART (1)
Safety Score (1)
Mod (1)
Finanancial Services (1)
CFO Services (1)
BWC Administrative Fees (1)
Premium Increase (1)
Surplus Fund (1)
COBRA (1)
Termination Guidance (1)
EPSL (1)
American Rescue Plan ACT (1)
Claims Costs (1)
Spooner Medical Administrators (1)
Managed Care Organization (1)
MCO Open Enrollment (1)
Health And Safety (1)
Training (1)
Disability Management (1)
Important Deadlines (1)
Salary Continuation (1)
Reimbursement Fund (1)
15k Program (1)
News (1)
Employment Lawsuits (1)
Negligent Hiring (1)
OSHA 300 (1)
300A (1)
LO/TO (1)
OSHA Compliance (1)
Informal Conference (1)
Opening Conference (1)
Surprise Inspection (1)
OSHA Inspections (1)
Healthcare Industry (1)
Emergency Temporary Standard (1)
International Travel (1)
Employee Leave (1)
Employer Requirements (1)
Dewine (1)
DepartmentofLaborAudit (1)
Injury Reporting (1)
Spoonerinc (1)
Group Retro Refunds Withheld (1)
OhioBWC (1)
Tpa (1)
Workerscomp (1)
Secretary Of Labor (1)
OSHA Citations (1)
Violence In The Workplace (1)
Occupational Safety (1)
Heat Illness (1)
HCS (1)
HAZCOM (1)
OSHA Updates (1)
Reporting (1)
Administrative Support (1)
ACA Reporting (1)
2018 Policy Year (1)
+ Show More

Login
© Spooner Inc.
Powered by Virteom Virteom Logo