Another Billion Back for December 2020

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.

Posted in premiums, rebates.