Only real estate sales people and private domestic servants are exempt. Employers who fall under the New Mexico Workers' Compensation Act are required to pay a quarterly fee to the Taxation and Revenue Department. The fee is $4.30 per employee per quarter, $2 of which is paid by the worker.
These benefits generally remain until the worker's medical condition becomes stable or the worker returns to work. Depending on the type of injury and its severity, workers may be entitled to benefits if they are permanently totally disabled or otherwise have a permanent impairment.
The percentage of worker's wage paid is 66 2/3. For weekly payments, the minimum is $36 or actual wage if less, and the maximum is $699.01, 100% of SAWW. The maximum period of payments is the lifetime of the injured worker.
Minimum weekly payment is $36 or the workers' actual wage if it is less; Maximum weekly payment is 100 percent of the New Mexico state average weekly wage or $669.21; and. Maximum number of payments is for the lifetime of the injured New Mexico worker.
The fee for the employer is $2.30 times the number of covered employees working on the last day of the quarter. The fee for covered employees working on the last day of the quarter is $2.00. Payment is due by the last day of the month following the end of the quarter.
What report is filed? A detailed narrative progress/supplemental report to document any significant change in the worker's medical or disability status.
Workers' Compensation Assessment Fee The fee is similar to a tax, and is $4.30 per employee per calendar quarter. Employers contribute $2.30, multiplied by the number of covered employees working on the last working day of the quarter.
Employers must report and pay both fees using the form WC-1, Workers' Compensation Fee. Instructions for WC-1 are available online. Employers must register with the Taxation and Revenue Department in order to file the WC-1.