August 2020 BWC News from CareWorks Comp
We all know that the spread of Coronavirus (COVID-19) is an escalating global health concern. CareWorks Comp will continue to support our clients’ workers’ compensation and unemployment compensation needs. For the most current and up-to-date information from the Ohio BWC regarding COVID-19 topics, please visit the BWC’s website at: BWC COVID-19 Information .
2019 Rate Year BWC True-Up Due August 15, 2020!
2019 Rate Year True-up: True-Up reconciliation must be completed by August 15, 2020 for the July 1, 2019 through June 30, 2020 rate year. Your True-Up Report will be available July 1, 2020 to complete on-line at www.bwc.ohio.gov. It is very important that your True-Up is completed timely or the BWC may remove your company from any discount programs, such as Group Rating or Group Retrospective Rating.
The BWC considers the True-Up complete when payroll is reported AND any related premium payments are made. Simply go on-line to your account at www.bwc.ohio.gov, login, and then go to Payroll True-Up. Follow the prompts to report your actual payroll dollars by Manual Classification Code. The BWC will then calculate how much workers’ compensation premium you owe compared to what you paid in Estimated Premium throughout the policy year. When complete, you will be shown how much additional premium you still owe, OR you will receive a credit for overpayment. If you owe any additional premium, it MUST be paid to the BWC by August 15, 2020.
Real Results - Real Savings
The Grove City Area Chamber of Commerce endorses CareWorks Comp because they help employers maximize their premium savings. CareWorks Comp analyzes each employer’s unique claim and premium history to find the highest level of savings in all available workers’ compensation programs.
Why CareWorks Comp
PARTNER IN CONTROLLING COSTS CareWorks Comp saves employers millions of dollars each year, becoming a lasting partner and providing a comprehensive cost management approach. They are committed to understanding our members’ challenges and to delivering claims excellence and providing quality, sound decision making and consistency. CareWorks Comp helps employers determine the best rating or discount program available, whether it’s group rating, BWC deductible, 100% EM Cap or any other BWC program available, helping you identify, evaluate and reduce your business risks to achieve premium discounts and refunds. START SAVING NOW!
For a no-cost, no-obligation analysis of your potential savings, please complete our online “Temporary Authorization to Review Information Form” www.careworks.com/groupratingapplication/grove city