August 18, 2010

Here are some important deadlines for Ohio employers to remember:

Private Employers: Your payroll report and premiums are due by 8/31/2010: Premium is paid in arrears, so the payroll period reported and covered is 7/1/2009 to 12/31/2009. Remember, there are some options for you to report and pay on-line and over the phone. Employers reporting only one or two manual classifications now have the option of reporting payroll and paying their premiums by calling 1-800-OHIOBWC and using a credit card or bank withdrawal authorization. If you report your payroll on-line, you have the option to pay 50% of the premium due 8/31/2010, the other 50% of your premium is due by December 1, 2010. 8/31/2010 postmarks are not accepted by the BWC; it must be received by the deadline. Lapses in coverage may result in penalties and removal or disqualification from BWC programs.

July 1 new enrollees of the Drug Free Safety Program: Your safety review is due by the end of August. The form is called the DFSP-2 and can be found on www.ohiobwc.com under the Employer's Form section. This safety review is intended to help employers evaluate their safety processes and identify opportunities for improvement. The form requires you to rate yourself based on key safety elements. BWC will provide a list of suggested activities and available resources when the safety review is completed.

Group Experience Rating Enrollment is fast approaching: Benefits 1 Group is in the process of evaluating all clients for the July 1, 2011 group rating year. Deadline for enrollment is February of 2011. We take the effort out of the process and review group savings as well as compare other savings options available to you. The maximum group savings is 65%, but after the break even factor is applied, savings drop to 51%.

Experience Modifier Cap Deadline is 9/30/2010: This program was implemented in 2009 to prevent large swings in a company's experience modifier (EM). The purpose is to prevent an individual EM from increasing no more than 100%. If you received a letter from the BWC stating you qualify, and you agree to enroll by 9/30/2010, there are certain safety measures you need to implement. We can assist you with a return of investment analysis if you are considering program. Contact us for more details.

If you have any questions, please contact your account executive at 877-765-4200.

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