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Board Drops Assessment Rate; Payments Due This Week

Thursday, June 4, 2020 | 0

Insurers and self-insurers will see a slight decrease in their administrative assessment fees for fiscal 2021, the Maine Workers' Compensation Board said. The assessment on premium base has dropped from 2.76% to 2.63%. The board adopted the lower rate last month, and payments are due this week. The assessment, which funds the board's operations, has fluctuated slightly in recent years, from a low of 2.46% in 2017 to 2.77% in 2019. Questions can be addressed to Jan Adams at 207-287-7084. A guide to how the assessment is calculated can be found here. ...

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