Beginning Jan. 1, the Bureau of Workers’ Compensation began prospective billing for public employers’ workers’ compensation coverage, requiring employers to pay premiums in advance of coverage. To avoid double billing during the transition, a $1.2 billion premium credit is being provided by Bureau to eligible employers. For public employers, this will include a 50 percent credit on the policy year 2015 payroll report and a 50 percent credit on the policy year 2016 prospective premium.
To receive the transition credit, employers must complete their payroll report and pay at least 50 percent of the premium due by May 16. Click here for more information regarding prospective billing.