SIF Assessment to Increase Again in 2026

The Workers' Compensation Board of Indiana announced that the total Second Injury Fund assessment will increase again next year. The total assessment for 2026 is $11.1 million, up from $9.2 million in 2025 and $7.2 million in 2024. The fund paid $5.6 million for indemnity benefits and about $2 million for prosthetics in 2025. Administrative fees last year totaled $326,100. Unlike SIF reports from prior years, the latest assessment does not disclose the available fund balance heading into the new year. Employers will not be assessed a reconciliation factor in 2026. The board increased i...