The final step to the BWC's transition to Prospective Billing is in progress and missing the deadline could mean that your company is removed from their current workers' compensation rating or discount programs. For some companies, removal from their current rating plan or the discount programs could mean a dramatic increase in workers' compensation premium costs.
The deadline for "True-up" (or reporting the actual payroll of the company and reconciling any differences) is August 15th. Read more here: Prospective Billing
Please note: This requirement affects all Ohio BWC state fund private employers.