Benefits of Worker’s Compensation Policy
Benefits vary with the intensity of the injuries. There are different benefits for the injured employees as per the State Law. Here is the list of services that injured employees can gain through worker’s compensation programs.
Disability or Impaired Benefits:
It is quite natural for an employee to lose his source of income due to injuries. The benefits that a worker receives for compensating the damages are called disable benefits. This category includes –
1. Temporary Total Disability (TTD) - If a worker is completely disabled and unable to continue with his professional work for a certain period, then the victim receives this benefit. The payment of compensation ceases once you rejoin work.
2. Temporary Partial Disability (TPD) - Partial disability of an employee due to short injuries is a temporary partial disability. For example, a worker recovering from accident injuries who returns to work on a part-time basis might qualify for TPD payment. She/he might receive a portion of compensation every week.
3. Permanent Partial Disability (PPD) - A worker who has sustained injuries that cannot be cured in the future is defined as a permanent partial disability. Some injuries leave permanent damage and restrict you from continuing your regular work. The payment you receive is an addition to your temporary disability benefits depends on the percentage of the loss of your wages. You might receive a lump sum one-time payment or in installments as per the State law.
4. Permanent Total Disability (PTD) - If you are unable to rejoin your work due to your permanent disabilities, then PTD comes into effect. The compensation amount is determined by analyzing the nature of the injury, degree of physical disability, age, education level, employment history, and worker’s ability to recover. It also focuses on whether there is the availability of suitable work in the residential area of the injured worker. You can demand PTD benefits until the time of death.
If an employee has died on duty, he qualifies for the death claim. The insurer would recover a part of the compensation for the funeral expenses. The remaining amount would be registered in the name of the employee’s dependents, spouse or children. Additional benefits also depend on which state you reside in.
Benefits of Reemployment:
Reemployment benefits serve as compensatory payment. It is usually an incremental or lump sum payment made to the injured employee to help him if he is laid off.