Print/PDF

Archives

Monthly Archives: May 2014
  • Ohio Employers May Owe Increased Unemployment Tax

    Ohio is 1 of 15 states, plus the Virgin Islands, which may not be eligible to claim the maximum amount of credit on its 2014 Federal Unemployment Tax (FUTA) return. Ohio has had an outstanding federal unemployment insurance loan for several years.  Employers pay FUTA tax at a rate of 6% on the first $7,000 of covered wages paid to each employee during a calendar year. That federal tax rate is offset by a normal credit up to 5.4%.

    Read more
  • Bureau Reduces Base Rate On Premiums Effective July 1, 2014

    The Bureau of Workers’ Compensation announced it will lower the base rates on workers’ compensation premiums for state fund employers by 6.3% effective July 1, 2014.  Bureau Administrator, Steven Buehrer, has stated the Bureau’s strong financial position has enabled the agency to systematically reduce rates the past several years.  The Bureau also claims the lower rates correlate to increased usage of the discount and savings programs offered by the Bureau.  Click here to read more.

    Read more
  • Centers for Medicare and Medicaid Services Delays Implementation of ICD-10

    Under the Protecting Access to Medicare Act of 2014, which became effective April 1, 2014, the Centers for Medicare and Medicaid Services will delay the implementation of ICD-10 codes until October 1, 2015.  All HIPAA covered entities must continue using ICD-9 codes through September 30, 2015.  This is the 4th “deadline” established for the ICD-10 implementation.  For more information about this subject, click here and here.

    Read more
  • Court of Appeals Finds Group Rating System Unlawful

    On May 15, 2014, the 8th District Court of Appeals announced its decision in San Allen v. Bureau of Workers’ Compensation, 2014-Ohio-2071, finding the Bureau overcharged state fund employers by hundreds of millions of dollars.  This case, known by many as the “Group Rating” case, has been pending for several years.  The case involves a lawsuit filed by numerous State Fund employers against the Bureau seeking reimbursement for inflated premiums due to Ohio’s group rating system.

    Read more
  • The Bureau Will Soon Provide Credits to Employers Amounting to $1.2 Billion

    Ohio State Fund employers have not seen the last of premium incentives from the Bureau of Workers’ Compensation.  In addition to the $1 billion rebates issued in 2013, the Bureau announced it will issue credits to employers later this Spring/Summer totaling $1.2 billion.  The 2014 credits result from the Bureau’s transition to “prospective” billing, which billing program offers employers additional benefits, such as the option to make installment payments on premiums.

    Read more

News

  • Mark Barnes Top Jingle Bell Run Fundraiser AgainRead more

Events

  • Mark Barnes Top Jingle Bell Run Fundraiser AgainRead more

Newsletter Signup

Signup here to receive our 3 quarterly publications for employers, seminar/webinar information, and more.