FlexPay allows private, state-fund employers to pre-pay their premiums online
and receive a discount for paying all their premium before the deadline.
Employers who wish to participate in the program, will be able to sign up for
the program, view discount payment schedules, report payroll and pay premiums by
transfering an account balance or using a credit card. The discounts are
incremental and decline based upon the payment date. The earlier employers pay
their entire premium, the greater the discount they will receive. BWC will apply
the early payment discount to the employer's total blended premium after all
other discount, dividends, etc. And BWC will base the discount rates on our
most recent actuarial audit, so they may fluctuate by payroll period.
