BWC (Bureau of Workers Compensation) has transitioned to a prospective billing process for private employers.
Previously, employers would file and pay premiums semi-annually after pages had been paid. Under the revised BWC reporting, employers are now paying estimated premiums in advance for the policy year 2015. Employers were notified by BWC in August 2015 of their estimated premium and had a choice of an annual or periodic payment plan. There was no payroll report due for the period July 1 through December 31, 2015 as there has been in the past.
Employer Timeline –
3/31/16 – Last date to request a change in installment plan for policy year 2015
5/1/16 – Policy year 2016 notice of estimated annual premium to be sent
5/16/16 – Last date employer can change installment plan for policy year 2016
6/1/16 – Policy year 2016 premium invoice to be mailed
6/30/16 – Policy year 2016 first installment due
7/1/16 – BWC to mail true-up notice for policy year 2015
8/15/16 – Policy year 2015 true-up report is due
Policy year 2015 (7/1/15-6/30/16)
Policy year 2016 (7/1/16-6/30/17)