Payment Plans
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 | ||