Annotate Legal New Mexico Workers' Compensation Forms For Free

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.

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.

Every employer required to be covered by the Workers' Compensation Act, or who elects to do so, and every employee covered by the Act, must pay a quarterly fee called the workers' compensation assessment fee. The fee is similar to a tax, and is $4.30 per employee per calendar quarter.

Workers' compensation provides workers with: Payment for medical care resulting from a work-related injury or illness. Payments for a worker who is permanently partially disabled once maximum medical improvement is reached. Payments for a worker who has a permanent impairment or is permanently totally disabled.

Lost time benefits are generally paid every 14 days. The first 7 days missed from work is considered to be a waiting period and is not paid unless a full 28 days are missed from work. Your first check should be issued 14 days from the first day you began missing work, and will likely be for one week.

A company with three or more employees total, and at least one working in New Mexico, whether the employment is permanent, temporary or transitory, must carry workers' compensation insurance.