Most people prepare for retirement but rarely consider what would happen if they were forced to leave the workforce earlier than expected. This is an important consideration – especially if your line of work involves a lot of driving. How do you live on a reduced income when you need medical attention and various treatments? If you are not too sure about this, contact HawkLaw car crash lawyer in South Carolina, for more information.
- 1 Eligibility for Income Replacement Benefits
Eligibility for Income Replacement Benefits
An injured worker becomes eligible for temporary total disability benefits, which pay up to 80% of the worker’s previous earnings. However, aggravating circumstances like permanent physical limitations or brain damage are prioritized when a person applies for income replacement benefits.
So, people who suffer from life-changing injuries are eligible for a larger award than those who stand to lose income. The good news is that the worker can receive compensation from several sources at the same time. This makes it easier for the beneficiary to cover medical costs, living expenses, and lost wages.
What Is the Average Amount You Will Receive to Cover Lost Income?
The amount you receive depends on the injury you have sustained and how much work time was lost. For example, if you’ve been out of work for six months and are looking at permanent disability, the average payment is $6,000 a month. However, if you’re receiving temporary total disability benefits, expect reimbursement of around $3,250 per month.
Is There a Way to Increase the Limit?
There are a few ways you can increase the limit of your income replacement benefits. The first method is filing a petition for vocational rehabilitation with the Bureau of Employees Compensation (BEC). If granted, this petition will pay for your vocational rehabilitation services and additional temporary disability compensation to help you return to work.
The second way is to ask for an increase in your medical benefits package to pay for things like physical therapy. However, this method is not likely to work. Insurance companies base compensation on average healthcare prices, so you might have to pay the extra charges.
The third way is to find some other form of income while waiting for an injury settlement or award from BEC. But this is not always practical.
How Long Does It Take to Receive Your Benefits?
The benefits are only available until the end of your disability or until 12 months have passed. In addition, benefits are only available to the worker, spouse, and dependents under 18 years. If you have been in a car accident and have a family, please reach out to an attorney who can assist with income replacement benefits.
If you’re looking at a catastrophic injury, you may get additional income replacement benefits through your work comp settlement. You can receive a compensation of anywhere between $100,000 – $300,000 in additional benefits, which can help you cover your healthcare expenses, lost income, and any other costs that relate to your injuries.
What Are the Requirements for Applying for Income Replacement Benefits?
To apply for income replacement benefits, you need to fill out the proper paperwork and set up an appointment with the Bureau of Employees Compensation. You’ll also be required to have a full medical examination by a licensed doctor. The examination should assess your injuries and limitations and issue a report about your prognosis for recovery. If you’re deemed eligible, you’ll be able to receive payments up to $100,000 in additional compensation that will help cover medical expenses, lost wages, and any other costs related to your injury. The actual amount you’ll receive will depend on what type of injury you sustained and how much work time was lost.
If you’ve been injured in a work accident, the Bureau of Employees Compensation can assist with income replacement benefits. To apply, fill out the proper paperwork and set up an appointment with BEC. You’ll also be required to have a full medical examination by a licensed doctor.
In general, the compensation that is available to you depends on what type of injury you sustained as well as how much time was lost from work because of those injuries. But, you will need a lawyer to help you navigate the murky waters of compensation. This is especially true if the insurance company tries to contest your claim or when they think it is too expensive. Most attorneys will not charge for the initial consultation, so you have nothing to lose.
HussaiN is a full-time professional blogger from India. He is passionate about content writing, Tech enthusiast & computer technologies. Apart from content writing on the internet, he likes reading various tech magazines and several other blogs on the internet.