The Ohio BWC 2019 Policy Year The Ohio Bureau of Workers Compensation (BWC) will set a schedule every year for both private and public employers. Its very important for employers to know what the dates are for these important deadlines, especially when the policy year begins and ends. July 1st is the beginning of the 2019 policy year. This means that the 2018 BWC policy year wont end until June 30th. True-Up Deadline True-up is aprocess that requires Ohio employers to report theirpayroll for the previous policy year. This allows the BWC to accurately calculate your premium. A true-up report is also necessary for maintaining your policy and your eligibilityin your current rating plan or discount programs. This isimportant for all employers in the private sector because if youdont true-up, then youwill not be eligible for programs in 2020. Important Deadlines for Ohio BWC Schedule: January 31, 2019:2019 Group Retro Enrollment Deadline July 1, 2019: Beginning of 2019 policy August
The Ohio Bureau of Workers Compensation (BWC) provides employers relief on their workers compensation premium if an injured worker has a pre-existing condition that delays their recovery following a work-related injury. The key is having an experienced company like Spooner managing the process to ensure that handicap reimbursements are identified and secured within the BWC required time frames. The listabove are the 25 pre-existing physical conditions the BWC will recognize. The top four, epilepsy, diabetes, cardiac disease, and arthritis are generally the most common ones. How Do I Receive This Reimbursement? In regards to handicaps and how an employer would go out and get this reimbursement, this really falls into the hands of the third-party administrator (TPA) who should evaluate every lost time claim for a handicap reimbursement. The TPA should collect the medical evidence such as a list of pre-existing physical conditions and then get a file review from a doctor or a medical
Spooner Inc., has partnered with Virteom to engage our customers and users about our services. Giving you the behind the scenes of how we help business owners and employers. In our video series, Jacqui and Joe talk about what Spooner Inc., does and how it all works! This video is about all of the changes the Ohio Bureau of Workers Compensation has coming in 2019. Watch or read the transcription below! We work a lot with the Ohio Bureau of Workers Compensation and in 2019, there are some changes that may affect employers and your clients. Whats the Deal with Billion Back? A lot of employers have seen the billion back refunds that have gone out four of the last seven years now. I think, in an attempt to battle that discussion of why are you able to give a billion back, the bureau is starting to give some discounts upfront to employers. They wanted to help out employers specifically that arent getting group rating, an up front discount for safe drivers, was discussed in our previous video.