08/12/2021

The Ohio BWC True-up Deadline Approaches

Private employers must complete the report by August 15, 2021

The true-up period deadline for private employers for policy year 2021 is approaching! Private employers must complete their payroll true-up report by Sunday, August 15, 2021.

The Ohio Bureau of Workers Compensation (BWC) determines employer premiums based on the amount of payroll (exposure) reported multiplied by a specific rate. At the beginning of each policy period, we’ll set an estimated annual premium (EAP) as follows.

• For a new employer, the BWC will establish your estimated annual premium by using the 12-month payroll estimate you submitted on your application for workers' compensation coverage.
• For an existing employer that had coverage before this policy period, the BWC will establish your estimated annual premium by using the estimated payroll from the previous policy year.

At the end of the policy year, we must ensure the estimated premium we set for you was correct. To do this, you must file a true-up report that reflects the actual payroll for that policy year. You must complete the report online using the payroll true-up report service offering.

If your true-up payroll exceeds the estimated payroll, you'll owe additional premium. If your true-up payroll is less than your estimated payroll, you'll receive a premium credit. Important: An employer must submit a payroll true-up report even if it has zero payroll.