Every employer who elects or is required to be covered by the Workers’ Compensation Act, and every employee covered by the Workers’ Compensation Act, is assessed a fee for funding the administration of the Workers’ Compensation Administration (Section 52-5-19 NMSA 1978). The fee is not the same as the workers’ compensation insurance premium. Paying the fee does not mean that the employer has workers’ compensation insurance coverage. The employer must obtain a workers’ compensation insurance policy.
Employers must report and pay both fees using the form WC-1, Workers’ Compensation Fee. Instructions for WC-1 are available below.
For more information on worker’s compensation visit the Workers’ Compensation Administration website https://www.workerscomp.nm.gov/.
Fee Amount
Employer
-
- prior to July 1, 2025, $2.30;
- beginning July 1, 2025 and prior to July 1, 2028, $2.55;
- beginning July 1, 2028 and prior to July 1, 2033, $2.68; and
- beginning July 1, 2033, $2.80.
Employee
-
- prior to July 1, 2025, 2.00;
- beginning July 1, 2025 and prior to July 1, 2028, $2.25;
- beginning July 1, 2028 and prior to July 1, 2033, $2.38; and
- beginning July 1, 2033, $2.50.
Registration
Employers must register with the Taxation and Revenue Department in order to file the WC-1.
For more information on registering a business see Who must register a business? page.
FORMS AND INSTRUCTIONS
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