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Ohio BWC Prospective Billing – Next Steps July 1, 2015 Premium Year BWC will require all State Fund private employers to go online between July 1 and August 15, 2016 & “true-up” their payroll. That means reporting your actual number of employees and actual payroll from 7/1/15 – 6/30/16 and paying any shortage in premiums during the past year. You will be able to true-up your payroll and make a payment in the future (but prior to 8/15/16). If you overpaid premiums, BWC will issue a credit on your next invoice. July 1, 2016 Premium Year Employers received their Estimated Annual Premium (EAP) letter for the new fiscal year in early May, 2016. Your first installment will be due on 6/30/2016 and provide coverage from 7/1/16 – 8/31/16.