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Employers Set to Receive $1.2 Billion to Switch to Prospective Billing

Friday, April 25, 2014 | 0

By Peter MantiusNorthern Bureau ChiefPrivate employers and local governments will soon receive $1.2 billion in premium credits from the state Bureau of Workers’ Compensation as part of a plan to convert its premium collection system to prospective billing next year. The BWC's board approved the plan on Wednesday.The existing archaic policy of billing in arrears has been in place for decades. The BWC and most employers have seen advantages to changing it for at least 20 years. The bureau's been held back by the problem of dealing with the double-billing needed to complete the...

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