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Sample PRIME calculations for 2008
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Average calculated base assessment greater than $100 and less than $500
Employer Profile: Medical Practice – assessable payroll between $24,000 and $26,000 per year for 2006 to 2008 – average calculated base assessment of $239.
Maximum Rule: Since the previous year refund/charge percent for this medical practice is 0%, the current year experience percent cannot put the employer in a position that is more than 5% worse than the previous year.
| PRIME Cost |
Previous Year
Refund/Charge Percent
|
Bottom of Experience Incentive Range |
Top of Experience Incentive Range |
Experience Refund or Charge Percent Applied to Account |
Experience Refund or Charge Amount Applied to Account |
| $0.00 |
0.0% Refund/Charge |
$6.03 |
$138.58 |
2.5% Refund |
$6.03 Refund |
| $110.52 |
0.0% Refund/Charge |
$6.03 |
$138.58 |
0.0% Refund/Charge |
$0.00 Refund/Charge |
| $145.87 |
0.0% Refund/Charge |
$6.03 |
$138.58 |
3.1% Charge |
$7.29 Charge |
Greater than $500 and Less than $1000
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