How is a settlement calculated for workers compensation?
If you have been injured as a result of your work in Illinois, you are entitled to collect workers compensation benefits. Illinois workers’ comp benefits include reasonable medical care required to relieve the impact of the injury, temporary total or partial disability benefits for the time you are off of work, and permanent partial, total disability, or death benefits. Workers’ comp benefits are not taxable.
You may be wondering how much you should receive in the settlement. Consider the following types of benefits and how they are often handled in workers’ comp settlements.
Temporary Total Disability Benefits (TTD)
You are entitled to two-thirds of your average weekly wage. Temporary disability benefits are due after three days of work are missed. If more than 14 days of work are missed then the first three days of lost wages are paid as well. All TTD benefits are tax free.
Permanent Partial Disability Benefits (PPD)
Permanent partial disability benefits are calculated using a percentage loss of use of a body part multiplied by your PPD rate (60% of the average weekly wage). If you are disfigured, you can obtain up to 162 weeks of benefits at your PPD rate.
Your employer’s workers’ compensation insurance carrier is responsible for paying for the medical services reasonably required to relieve your injuries. Under the Act, you have the right to see a doctor of your own choice.
If you need help applying for workers’ comp, don’t hesitate to call our skilled Chicago workers’ compensation attorneys.
At Krol, Bongiorno & Given, we have handled well over 30,000 claims for injured workers throughout the state of Illinois. For immediate help with a work injury case, call (312) 726-5567 for a free consultation or contact us online.