New York State Insurance Fund

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New York State Insurance Fund (NYSIF) is a New York State agency that provides workers’ compensation and disability benefits insurance to employers and employees in New York.

New York, NY
nysif.com
Owned by State of New York

About New York State Insurance Fund

New York State Insurance Fund (NYSIF) is a public insurance carrier created by the State of New York to provide workers’ compensation and disability benefits insurance coverage. It serves employers across New York State, including small businesses, large enterprises, municipalities, and certain self-insured groups, ensuring statutory coverage for workplace injuries and qualifying disabilities. NYSIF also offers related services such as safety and loss control consulting and payroll reporting tools for policyholders.

A charge with a descriptor like “5200NYSIF 9951211000WEBWEB_PAY AUG” typically represents an electronic premium payment made via NYSIF’s online payment portal, often for workers’ compensation or disability benefits insurance. The numbers in the descriptor may correspond to internal billing or policy references, and “WEB_PAY” usually indicates a web-initiated transaction for a monthly, quarterly, or other scheduled premium. These charges can be one-time payments, regularly scheduled installments, or catch-up payments on a specific policy.

If you have questions about this charge, start by matching it to invoices or statements from NYSIF in your business records, checking the policy number, billing period, and amount. Policyholders can log in to their NYSIF online account to review recent payments, billing history, and current balance. For further clarification or to dispute a charge, you can contact NYSIF customer service via the phone numbers and contact forms listed on their website, and have your policy or account number, invoice, and bank/credit card statement details ready for faster resolution.

Bank Statement Variations

1 known variations

These are the raw merchant codes that appear on bank and credit card statements that we've identified as belonging to New York State Insurance Fund.

  1. 5200NYSIF 9951211000WEBWEB_PAY AUG

Frequently Asked Questions

Why do I see a charge from NYSIF with “WEBWEB_PAY” or “WEB_PAY” in the description?

This usually indicates an online premium payment you or your organization made to the New York State Insurance Fund through their web payment system for workers’ compensation or disability benefits insurance. The descriptor may also include internal reference numbers or the billing month, such as “AUG” for August.

How can I confirm which NYSIF policy this payment was applied to?

Log in to your NYSIF online account at nysif.com and navigate to your billing or payment history. You’ll be able to see each payment date, amount, and the policy or account number it was applied to. You can also compare the payment amount to your latest NYSIF invoice or statement.

Is this NYSIF charge a recurring premium or a one-time payment?

NYSIF charges can be either recurring premium installments (such as monthly or quarterly) or one-time payments made against your balance. Check your billing plan and invoices from NYSIF; if you are set up on an installment plan or automatic payments, similar charges will appear on a regular schedule.

How do I change or cancel automatic premium payments to NYSIF?

If you have automatic payments set up, log into your NYSIF online account and go to the billing or payments section to update or disable stored payment methods and auto-pay settings. If you cannot locate these options, contact NYSIF customer service and request assistance changing or cancelling your automatic payment arrangement.

How do I request a refund or correction for an incorrect NYSIF payment?

If you believe you paid the wrong amount or were charged in error, contact NYSIF directly through the customer service phone numbers listed on your invoice or on nysif.com. Provide your policy number, payment date, and transaction amount. NYSIF can review the payment, adjust your account, and, if appropriate, process a refund or credit.

Why is the NYSIF charge amount different from my latest invoice?

The amount may differ if you paid a past-due balance, partial amount, multiple invoices together, or if adjustments such as audits, payroll changes, or credits were applied to your policy. Review the detailed billing statement in your NYSIF online account or call NYSIF to request a breakdown of charges and credits for the billing period.

Can NYSIF place authorization holds or temporary charges on my card?

Typically, NYSIF processes direct premium payments rather than small temporary authorizations. However, depending on the payment processor used, you might briefly see a pending transaction before it posts as a final charge. Pending entries should resolve within a few business days; if they do not, contact your bank and NYSIF for clarification.

How can I contact NYSIF about a charge if I’m not sure I have a policy with them?

Check whether your business or payroll provider might have a NYSIF policy on your behalf. If you still don’t recognize the charge, call NYSIF using the contact numbers on nysif.com and provide the exact transaction date, amount, and descriptor from your statement so they can search their system and confirm whether it’s linked to any NYSIF account.

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