Make sure you get your billion back dividend

Follow these tips to give your company its best chance to get the next Billion Back dividend, which is based on 100% of the premium you paid 7/1/19-6/30/20.  The BWC will use one survey date to determine which companies will get the dividend; the survey date is not publicized.

Make sure you have completed your True up online, reporting your actual payroll 7/1/19-6/30/20.  This is the annual premium that will determine the amount of the Billion Back dividend.  Pay any additional amount due before September 1.

On the survey date, polices must be in Active, Reinstated or Debtor-in-Possession status.

Pay every installment on time and in full.  If your coverage is lapsed on the survey date, your company will not get a dividend.

If you are thinking of canceling your coverage, wait until you get your check from the BWC.  That should more than make up for any additional premium installments you will pay before then.

The BWC will start sending out the dividends in late October 2020.

 

Posted in BWC, rebates.