Ohio workers’ comp rebate checks headed to Hamilton and surrounding counties
Ohio workers' comp rebates check in the mail
CINCINNATI, OH (FOX19) -
of Workers' Compensation Administrator/CEO Steve Buehrer visited Cincinnati on Tuesday to remind area employers
that their workers' compensation rebates are in the mail.
local governments and schools in Hamilton County and surrounding counties will receive approximately $142 million of the $1 billion in workers' compensation
rebates. The announcement was first made by Ohio Governor John Kasich in May.
putting $142 million into this region's economy to help strengthen and grow
area businesses," said Buehrer. "Employers need to be on the lookout for
their checks over the next few weeks and understand they're real."
According to Buehrer, a number of checks remained uncashed in past rebate initiatives,
with some businesses admitting they threw them away or ignored them over
concerns they weren't legitimate.
Employers will be able to
identify their rebate check by a rebate-specific insert in the envelope.
billion rebate for eligible employers paying into the State Insurance Fund is
part of a three-part plan
to bring BWC to within net asset guidelines established by its independent
Board of Directors. The plan also includes:
to BWC's successful Safety Grant Program, including tripling the amount of
money available from $5 million to $15 million to support expanded
statewide efforts to promote workplace safety and encourage further
investment in protecting Ohio's workers. BWC will also now match every
employer dollar with three dollars and has established a policy to allow
businesses to get additional awards over their lifetime. These changes are
in effect as of today.
effort to modernize the premium collection model by moving toward a
prospective-payment system. That authority was granted to BWC in the
biennial budget signed by Governor Kasich recently. BWC is currently
undergoing computer upgrades that will allow prospective billing, and will
ask its Board of Directors to issue employers $900 million in credits to
mitigate transition costs. This switch, which is expected to happen in
late 2014, will also result in rate reductions of 2 percent for private employers
and 4 percent for public employers.
Follow this link to learn more about the rebate initiative: ohiobwc.com