BWC True Up Reports Due
Deadline: August 15, 2018
In 2015 the Ohio Bureau of Workers’ Compensation (BWC) transitioned the manner that premiums are paid to prospective payments. With that, annual premiums are paid based on estimated payroll which is reconciled at the end of each policy year during a process called the True Up. This must be completed before August 15th. Missing the deadline or not completing the true-up will result is disqualification from any BWC savings programs for two years.
Be sure to gather payroll for the period of July 1, 2017 through June 30, 2018 (the full policy year). You will need to report payroll for each manual code assigned to your policy. Click here for instructions on how to submit your payroll true-up online.
The BWC provides the manual codes and rates, so once you enter your actual payroll, you will see the total amount of premium calculated for the policy year. If you owe additional premium, you’ll need to pay that amount before the August 15th deadline or the true-up process will not be complete. You can also find more information about what is considered reportable payroll, who should be covered and other frequently asked questions by selecting Reporting Payroll and Payroll Reporting Requirements, also found under Employer Tab.
If you are using a payroll service or outside accountant to manage your BWC premiums, it’s important for you to communicate with them to make sure they are completing both steps of this process for you.
The BWC true-up reports are due before August 15! But we encourage you to complete the true-up as early as possible.
For assistance, you can reach out to your Client Relations Manager, Maria Mastrandrea, at (216) 452-0107 or the Employer Services section of your local BWC Service Office.