Worker’s comp does much more than just pay for lost wages and medical expenses. This insurance will also pay in the event of both temporary and permanent disability to the employee.
Workers Comp: Disability Benefits
Many people do not realize this, but worker’s compensation will actually cover much more than just lost wages and medical bills. In fact, the benefits also include disability compensation. This disability compensation can include both short and long term disability, and it is important that you know about all of the benefits that come along with worker’s comp. Before going into detail about the disability section of the worker’s comp, you should also know about the other benefits.
The main benefits of workers comp include the following:
- Medical expenses payments
- Lost wages compensation
- Rehabilitation payments
- Disability benefits
Now, you must consider how the worker’s comp can help you should you become disabled. There are three different levels of disability as classified by worker’s compensation. These three different types are called short term, permanent partial and permanent total.
Short term disability means that an employee was injured to the point that they will not be able to work for a certain amount of time, and then they will be considered fit and healthy to go back to work. Permanent partial disability indicates that the worker has a permanent injury that will cause them to only be able to work in a limited capacity for the rest of their life. The final type: permanent total disability indicates that the employee was injured enough that they will never be able to work again.
If you were to become disabled, whether it is temporary or permanent, you must keep in mind that the worker’s comp will not pay the total amount you would have made when you were working. Policies do differ, but generally, they compensate the injured employee about two thirds what their normal paycheck would be. However, since the worker’s comp benefits are nontaxable, there will be no state or federal taxes taken out of them. This means that they could come very close to being the same amount of the standard take home pay.
When you are disabled and you have to file for worker’s compensation disability, you will find that the insurance company will do their best to adjust down the actual benefits you will receive. In order to protect yourself and make sure that you get the disability benefits you deserve, contact John Foy at, (404) 879-7518. Otherwise, you may not get the benefits you need after you have been injured on the job.