When Will My Benefits Begin And How Much Will They Be?
Your weekly compensation rate is based on your gross weekly earnings and is 80% of your spendable weekly wage, subject to certain limits. You cannot get more than $700 a week for compensation benefits. Your weekly disability benefit rate is 80% of your spendable weekly wage or $700, whichever is lower. If you give the insurer proof of your earnings, the insurer must pay you $154 per week or your spendable weekly wage. If you do not give the insurer proof of your earnings, it must pay you at least $110 per week, but there are exceptions when the insurer may pay less than the minimum rate.
Your spendable weekly wage is figured by subtracting federal income and social security taxes from your gross weekly earnings. Your federal income tax for this purpose is based on the number of dependents you may legally claim at the time of injury under the Internal Revenue Service (IRS) Code. Your marital and dependency status is set at the time of injury; it stays the same for your workers` compensation disability benefits even if you get married, divorce, or have children while you are disabled. Even if your social security tax is fully paid when you are injured, the social security tax is still subtracted from your gross weekly earnings when figuring your spendable weekly wage.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Workers' Compensation Articles
- How Long After An Injury Do I Have To Report It To My Employer?
- How Do I Know If My Employer Is Covered By Workers' Compensation?
- What Workers' Compensation Benefits Am I Entitled To?
- If I Am Injured On The Job Can I Choose The Doctor Who Treats Me?
- If I Am Unable To Return To The Type Of Work I Did Before I Was Injured, What Happens?
- My Employer Has Denied My Claim, What Do I Do?