Coverage | Payment Plans

Payment plans that work for you.

Automatic electronic payments make paying premiums easy — and save you money. 

At Missouri Employers Mutual, we believe managing your policy should be simple. We make it easy to pay your work comp premium on a schedule that works best for you. 

Take advantage of no installment fees and flexible scheduling options by enrolling in one of our Automatic Electronic Funds Transfer (EFT) payment plans. 

Interested? Current policyholders can log in to our portal and access the Auto EFT Enrollment form by clicking Resources, and then Forms. 

Questions? Check out our FAQs or contact us here.

Premium

Payment Plan Options

Less than $1,000 Annual prepaid
$1,001 – $1,500 Annual prepaid, 2 installment, monthly reporting, quarterly reporting
$1,501 – $10,000 Annual prepaid, 2, 4 or 6 installment, monthly reporting, quarterly reporting
$10,000+ Annual prepaid, 2, 4, 6 or 9 installment, monthly reporting, quarterly reporting
Automatic EFT (any premium size) Annual, 2, 4, 6, 9 or 12 installment
Automatic EFT (EAP>$1,001) Auto EFT monthly reporting, Auto EFT quarterly reporting

 

Payment Schedule  

  Down Payment  Balance Due 
Annual Installment  N/A  Prepaid  
Two Installment  50%  50% Due in 5 Months 
Four Installment  25%  3 Installments Bill Every Other Month 
Six Installment  15%  5 Installments Bill Every Other Month 
Nine Installment  15%  8 Installments Bill Every Month 
Twelve Installment*  8.33%  11 Monthly Installments 
Monthly Reporting  15% Collateral  Monthly 
Quarterly Reporting  50% Collateral  Quarterly 
EZ-Pay  Upfront Charges (No Collateral)  Monthly 
*Twelve installment option requires Auto EFT Enrollment 

 

Billing and payment questions?
Contact us.