Prospective Rating Plan Announced

The Ohio Bureau of Workers’ Compensation (BWC) recently approved some changes concerning the way they collect premium from businesses.  Currently, companies  pay workers’ compensation premium six-months in arrears.  In other words, employers pay premiums after the six-month coverage period.  For example, in February of 2014 businesses will pay premiums covering the period of July 2013…

Tobacco News

Ohio Attorney General, Mike Dewine is pushing Kroger, Wal-Mart, Rite-Aid, Walgreens and other retailers with Pharmacies to voluntarily stop selling all tobacco products and follow the lead of CVS (Caremark) who announced they will no longer sell tobacco products. It was reported in the Columbus Dispatch; The State of Ohio must boost its efforts to…

Big Changes Coming to Ohio BWC

The Ohio Legislature took the final steps this week to modernize the Ohio Bureau of Workers’ Compensation, specifically the revision of its billing system. Both the Senate and the House finalized changes that would shift the Ohio Bureau of Workers’ Compensation from a retrospective billing system to a prospective system. Prospective billing is a common…

Ohio Bureau of Workers’ Compensation (BWC) Changes Its Premium Collection Process

Historically, BWC has billed Ohio employers in arrears or ‘retrospectively’. Employers currently report their actual payroll and pay their premium on a semi-annual basis for the previous six months of coverage.   Prospective billing is a national industry standard and builds upon ongoing efforts by BWC to modernize its operation. Under prospective billing, BWC will, like…