The FlexPay Plan is an online program designed to allow private employers to
report their payroll and pre-pay their premiums online with discounts provided
for early payment. Employers are able to make payments when it is best for their
business and cash flow.
Private State Fund Employers in active status
are eligible to participate in FlexPay regardless of participation in alternative
rating/discount programs. For employers participating in the
Retrospective Rating plan,
the early payment discount will only be applicable to the minimum
premium.
Discounts will be incremental and will decline based upon the payment date.
The earlier payment is made the larger the discount. Discount rates may
fluctuate by payroll period and will be taken from the Bureau's most
recent actuarial audit. The early payment discount will be applied to
the total blended premium paid by the employer after all other discounts,
dividends, etc.
When using this online service, please use the Options
located at the bottom of the page to navigate through FlexPay.