Worker’s compensation is a type of insurance plan that provides benefits for work-related injuries or illnesses. These conditions may occur while you are working in or around unsafe buildings, wet floors, cracked pavement, heavy equipment, or hazardous materials.
This compensation provides a safety net when your ability to work has been interrupted. Worker’s compensation insurance also helps you avoid the accumulation of medical bills you may not be able to afford if you don’t have this type of coverage.
If it has been determined that your injury or illness is work-related, you can apply for benefits through your worker’s compensation insurance company. Upon approval, your compensation will be paid on a weekly basis at a percentage based on your state’s payment guidelines and insurance policy provision.
Types of Worker’s Comp Coverage
Currently, there are four types of worker’s compensation benefit plans available as defined by the United States Department of Labor. These plans provide benefits for:
•Wage replacement benefits
Your injury or illness may also fall under the Energy Employees Occupational Illness Compensation Program, the Federal Employees’ Compensation Program, the Longshore and Harbor Worker’s Compensation Program, or the Black Lung Benefits Program. If you’re an employee of a private company or you’re a state or federal employee, you may be eligible for benefits through one of these programs. Your insurance policy will provide details regarding the guidelines of the claim process.
Depending on the extent of your injury, you will most likely require several medical examinations, procedures, treatment, and physical therapy. These services are covered under the medical treatment provision. Wage replacement benefits include past and future wage loss which will be paid out on a temporary disability or long-term disability criteria. You may receive up to two-thirds of your salary. The extent and amount of your benefits will be approved based on your primary care physician’s conclusive findings about your condition as well as your state’s disability rules. Vocational benefits can also support you financially if you cannot return to your previous position.
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