If you have suffered a work-related injury or disease resulting in loss of wages, temporary or permanent disability, medical treatment, or rehab, then you may be able to make a workers comp claim for a pay0ut like Workers Compensation payouts back injuries.
First, understand that not every worksite injury qualifies for making a claim and not all Workers Compensation payouts are automatic. That’s why it is important to let your boss know about your injury immediately.
It is also important for you to seek the assistance of a law firm that specializes in workers’ comp claims.
Workers’ Comp Benefits
If you have been injured or are ill as a result of workplace conditions, you may qualify for one or more the workers’ comp benefits:
1. Loss of Earnings Benefits
Loss of earnings benefits are compensation for loss of wages due to injury or disease. These are paid as soon as a claim is accepted. They are retroactive to the date your injury or illness was reported. They will continue until you can resume your job again or are earning an equivalent salary doing another job.
Loss of wages workers’ comp benefits result in your receiving most of your usual take-home pay while you are off work due to work-related illness or injury. Check with your employer and read your workers’ comp insurance policy to see what the exact salary figure is. It is often 85% of what your net pay was at the time your claim was approved.
If you were working for more than one employer, you should be able to claim as a payout, a percentage of your total net pay from all employers. If you changed employers during the two years before your claim, the payout workers’ compensation amount is usually based on the average earned during the previ0us one or two years.
If you can return to work, or you become able to hold a less physically demanding job, your ability to earn will be reassessed, and your benefits may be reduced or end.
If you cannot return to work, LOE benefits will continue until you are 65. The payout amount becomes permanent. Because calculations and claims may be complicated, it is best to have the services of a law firm that specializes in workers’ comp benefits and claims.
2. Non-Economic Loss Benefits
If your on-the-job injury or work-related illness results in your permanent inability to return to the workplace injury or loss, your workers’ comp payout may be a non-economic loss benefit. NEL benefits compensate for how y0ur injury or illness has had a negative effect on y0ur lifestyle. The payout is based on things like your degree of physical, emotional, or psychological loss, what work you were performing before your claim, and your age.
Non-economic loss payout is in addition to your loss of earnings benefits. NEL payout may take the form of a lump-sum payment or a lifetime monthly payment. Since these are important decisions, it is wise to hire an attorney who specializes in Workers’ Comp benefits.
3. Loss of Retirement Income Benefits
When you’ve been employed for a minimum of a consecutive twelve months before you are injured on the job or make a claim for an illness caused by being on the job site part of your Workers’ Comp payout may be a loss of retirement income.
This savings plan is accumulating for when you reach 65. An on-the-job injury or illness may make it difficult to contribute to a retirement fund. Your employer is required to contribute to your group insurance and pension plan for only one year after your injury or illness claim.
For those who qualify, Workers’ Comp LRI payout is up to 5% of what you receive as loss of earnings payout. You can also ask Workers’ Comp to deduct an added 5% of your LOE payout until you are 65. They invest your LRI money and pay it to you or your heirs when you turn 65.
4. Medical Benefits
If you suffered a workplace condition or event which resulted in injury or illness, these costs may be claimed as part of a w0rkers’ comp payout.
- prescription drugs
- medical treatment including operations, physio and occupational therapy or rehab
- medical equipment
- costs involving transportation to and from a specialist
Why Hire a Workers’ Comp Attorney?
Making a claim, navigating Workers’ Comp law, and ensuring you get a fair settlement are all complicated tasks that require special knowledge and experience working with Workers’ Comp representatives. To get a fair Workers Compensation payout, it is vital to have skilled, knowledgeable legal representation.