TRUE-UP TIPS FOR OHIO BWC

Every Ohio employer with Ohio coverage must “True-up” between July 1 and August 15, 2017. The premium you have paid was based on estimated payroll and now you must report your actual payroll from July 1, 2016 and June 30, 2017. REQUIRED ELEMENTS Total payroll for each manual classification between July 1, 2016 and June 30, […]

My group discount is the maximum, so why get other offers for next year?

If your experience modifier (EM) is 47, you are getting the maximum group rating discount.  Why bother getting other offers for the 7/1/16 policy year?  Here are some scenarios: No claims:  If you haven’t had any claims, your company should still be eligible for the maximum discount.  But other group TPAs might offer a lower […]

Group rating “open enrollment”

Here’s what your TPA should be discussing with you: Group rating this year and group rating next year: Make sure you get a fresh offer every year, not just a renewal invoice.  If you pay the renewal invoice and then decide to go with another group, you have to ask for a refund – and […]

Sneaky Group Rating Sales Tactics

Actual scripts for Ohio group rating phone calls: “I just want to verify your address…  Now is this where I should send your free group rating quote?” “Send me your other offers and I’ll tell you which one is the best.” “You need to sign up now because our deadline is August 31.” “We’ve extended our […]

Good News Bad News about Prospective Billing

Good News Instead of two or four chunks of premium, you can now pay every month or every two months which makes it easier to budget. The payments will be about the same for each installment. You can change the Estimated Annual Premium (EAP) amount up through March 2016 if your actual 7/1/15-6/30/16 payroll will […]

3 ways to meet the March 31 deadline for EM capping

March 31, 2015 is the last day to complete your required half (3 hours) or full day safety training.  Only classroom training is accepted, not online training. Go to www.ohio.bwc.gov and scroll to the bottom of the home page to look up your local service office.  Call the Employer Services line to ask which courses […]