The Ohio BWC board of directors approved the third Billion Back dividend payment during calendar year 2020. The newest dividend will be mailed out in mid-December. Any outstanding amounts due will be deducted and then the balance will be mailed to the employer.
The dividend amount is 3.72 times the total premium paid for policy year 7/1/19-6/30/20. For example, if total premium paid was $5,000, then $5,000 times 3.72 = $18,600 dividend. If your company paid the minimum $120, the dividend will be $446.40.
To make sure you get this dividend: keep your policy active, True up if you haven’t already, and pay any installment(s) due through November 30.