Ohio Bureau of Workers’ Compensation Refunds

Many of our clients have reached out to us about refund checks that they have received from the Ohio Bureau of Workers’ Compensation. Is Ohio really giving money back to employers? Is it safe to cash these checks? The answer to these questions is yes, Ohio is really giving back more than $1 billion to Ohio’s private and public employers. According to the State of Ohio, an improving safety climate, good fiscal management, and better than expected investment returns have resulted in the State Insurance Fund having a net position of more than $9 billion.

Most rebates will equal 66% of the employer’s premium for the policy year ending June 30, 2016 (calendar year 2015 for public employers). All employers that pay into the State Insurance Fund are eligible for the rebate. Any employers with an outstanding BWC balance will have their rebate first applied to that balance. If you have any questions about this refund, please feel free to contact Sally Eisenmann at seisenmann@thetenkeygroup.com and we would be happy to further assist you.