Workers' Compensation Benefits

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Workers' Compensation Benefits

Payment for an employee's medical care in the event that he/she is injured at work. Workers' comp benefits may also provide for lost wages and compensate for disability or reduced earning potential. In exchange for receiving workers' comp benefits, the employee surrenders the right to sue the employer for negligence.
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References in periodicals archive ?
The study provides comparisons on more than 60 system performance measures for 12 states, California, Connecticut, Florida, Illinois, Indiana, Louisiana, Massachusetts, North Carolina, Pennsylvania, Tennessee, Texas, and Wisconsin, in which more than 50 percent of the nation's workers' compensation benefit payments are made.
The states in the study--Arkansas, California, Florida, Illinois, Indiana, Iowa, Louisiana, Massachusetts, Michigan, Minnesota, New Jersey, North Carolina, Pennsylvania, Texas, Virginia, and Wisconsin--represent nearly 60 percent of the nation's workers' compensation benefit payments.
For the eighth consecutive year, workers' compensation benefit payments and costs continued to decline relative to wages in 2000, according to a recently released report by the National Academy of Social Insurance.
This agreement allows medical providers, who purchase products from Targeted Medical Pharma, with the option to assign certain accounts receivables from California Workers' Compensation benefit claims to CMFG at a discounted rate.
A number of previous studies have attempted to measure the tradeoff between wages and workers' compensation benefits.(3) Generally, these studies estimate a cross-sectional wage regression that includes a variable measuring the risk of injury or death on the job, and a workers' compensation benefit measure.
Wage continuation is used as an alternative to workers' compensation benefit or long term disability insurance benefit for the first six months of an employee's absence for illness or injury.
The reduction of benefits required shall not be made if the law or plan under which a periodic workers' compensation benefit is payable provides for the reduction thereof when anyone is entitled to SSD benefits on the basis of the wages and self-employment income of an individual as of February 18, 1981.
The data on workers' compensation benefit levels by state are available from the National Council on Compensation Insurance, which collects statistics of job-related disabilities to establish a rate structure for member companies that write workers' compensation insurance.
Workers' compensation benefit payments and costs declined relative to wages in 1998 for the sixth consecutive year, according to a study by the Washington, D.C.-based National Academy of Social Insurance.
In Kansas, 67 percent of workers' compensation benefit distribution goes to pay medical claims, and 33 percent goes to indemnity claims, according to statistics from the National Council on Compensations Insurance Inc.
Workers' compensation benefit payments and costs continued to decline relative to wages in 2000, according to a newly released report by the National Academy of Social Insurance (NASI) in Washington.
A final surprising rsult is that the inclusion of the workers' compensation benefit variable in the wage equations has no effect on estimated compensating wage differentials.

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