07/05/2024
What to expect within the next few months. The True-up deadline is August 15th all employers payroll must be reported to avoid penalties. Premium installment were due as of June 21st. Failure to pay premiums will result in lapsed coverage. Any claims that occurs during a lapsed period will be the employers full financial responsibility.
New offers for the 2025-2026 policy year should be available by your TPA between Mid July and August. Your offer will depend on what BWC program you are eligible for some employers may receive a dual offer. Group Experience Rating is an upfront discount. Group Retro is performance based and is paid out at 12, 24, 36 months.