The New York State Insurance Fund has expanded eligibility for its pay-as-you-go premium payment plan, NYSIF PayGo, by eliminating premium thresholds.
Previously available only to policyholders with an annual premium below $250,000, PayGo is now available to the most NYSIF policyholders, regardless of premium size. Only contracting policies must maintain a minimum threshold of $2,000 in annual premium.
PayGo allows policyholders to pay their workers’ compensation insurance through approved payroll processors. NYSIF calculates premium based on actual payroll for the period, which may re...
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