July 23, 2014
With a letter to employers the Ohio BWC announced it’s moving to Prospective Premium payments and away from its long held method of collecting premiums every six months based on prior payroll.
This new change in timing means employers will be faced with having to enroll in the BWC Group Rating discount plan twice in 2014. The old enrollment deadline of February 28th is now being replaced with November 24, 2014 for the 2015 rating year, essentially three months earlier. As always, Chaney Consulting Group will be working closely with each client, evaluating options for Group Experience Rating and Group Retrospective Rating looking for the best fit.