February 20, 2018

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Prospective billing overview for private employers

What? BWC currently collects premium after the coverage period. In other words, BWC extends coverage prior to an employer paying for it. With the switch to prospective billing, BWC will require payment before it provides coverage. BWC will cover the transition cost with a transition credit – no additional cost to employers.   When? Prospective billing will begin July 1, 2015 for private employers.   Why? The switch to the industry standard of prospective … [Read More...]

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Private Employer Timeline – Jan. 1, 2014 to Feb. 28, 2015

Private Employer Timeline – Jan. 1, 2014 to Feb. 28, 2015 BWC will send two letters. BWC will send the first one in June to indicate the change in rating plan sign-up deadlines. BWC will send a second letter to employers in October explaining the upcoming changes and reminding them not to forget the new rating plan deadlines. Group rosters due Nov. 24, 2014, for policy year 2015. Rating plan deadlines are the end of April for 2014; end of January for … [Read More...]

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