I recently reported on Governor Kasich’s announcement of a plan to return $1 billion in insurance premiums to 210,000 public and private employers. Since that time, progress has been made toward implementing that plan and defining which businesses will be eligible for this rebate. Thus far, we know the following:
- Private employers and public-taxing districts that pay premium into the State Insurance Fund and have active, up-to-date policies will be eligible for the rebate. Each employer’s rebate will reflect 56% of what they were billed (blended premium) during the last policy period (July 1, 2011 to June 30, 2012 for private employers; January 1, 2011 to December 31, 2011 for public taxing districts).
- Private employers must be in an active, reinstated, combined or debtor in possession status as of April 1, 2013; public-taxing districts must be in an active or reinstated status as of March 31, 2013. Employers that do not meet all criteria will not be eligible to receive a rebate.
- Employers that have an outstanding balance with BWC will have their rebate payment reduced by the amount of the outstanding balance. If an employer’s outstanding balance exceeds the rebate amount, the employer’s account will be offset by the amount of the rebate.
- Employers who report through a Professional Employer Organization will receive their rebate from their PEO, which is required to pass the rebate on to their members. Private employer group retrospective participants will receive their rebate after their annual review this fall.
Please contact one of our knowledgeable and skilled team members at Barnes Dennig to help determine your eligibility for this rebate.
For additional information, visit: https://www.ohiobwc.com/home/current/releases/2013/050213.asp