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Hurt workers have a convenient and cost-free form of insurance at the ready when they need it. Workers' compensation insurance provides workers who are injured on the job with valuable benefits, like the payment of all related medical needs. Another great benefit of those using workers' comp is the wage benefits. Read on to learn more.
Stay home and heal
Your workers' comp policy provides you with some financial support when you cannot work at your job. You may have work benefits like sick leave or paid time off, but workers' comp wages are entirely different. You are not paid your full salary with workers' comp wages. While the exact percentage varies from state to state, it might be about 66.6% of your usual net pay. The wages are paid to you on a weekly basis, regardless of how your usual pay was provided to you in the past. While the amount is less than that of your usual salary, the workers' comp wages are not taxed. In fact, no deductions are taken from these wages at all. This does help make the amount a bit higher than otherwise.
Be aware of the changes in deductions
Since workers' comp wages are not subject to any deductions whatsoever, you might need to speak to your human resources office about your usual deductions. For example, if your family is counting on the healthcare benefits provided by your job, you may need to make special arrangements to pay the insurance premiums in an alternate fashion. Other deductions that will be temporarily discontinued are savings account, retirement accounts, FICA, vacation and sick leave accrual and more.
How long can these wage benefits last?
Your workers' comp doctor will be overseeing every aspect of your care. To be able to take advantage of these recuperation wages your doctor must order you to stay out of work. The only way to safely return to work is with the workers' comp doctor's release. In some cases, you are cleared to return to work but your injury has not fully healed.
When you disagree with the doctor
Once your doctor clears you to return to your job, your wages will come to an immediate end. If you are still too hurt to work you may need the help of a workers' comp attorney to help you through the appeals process. Never return to a job when your injury is not healed; doing so might make the injury worse and you may be unable to get any further benefits. Speak to a workers compensation attorney today.
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