MONETARY BENEFITS
Workers’ compensation provides various monetary benefits to employees who suffer work-related injuries or illnesses. The specific benefits and amounts may vary depending on the jurisdiction and the severity of the injury, but here are some common monetary benefits available under workers’ compensation: -Medical Expenses: Workers’ compensation typically covers all reasonable and necessary medical expenses related to the work-related injury or illness. This includes doctor visits, hospital stays, surgeries, medications, rehabilitation, and any other medical treatments required for recovery. -Temporary Total Disability (TTD) Benefits: If an employee is unable to work temporarily due to their work-related injury or illness, they may be entitled to TTD benefits. These benefits generally provide a portion of the employee’s lost wages during the period of disability. The amount is usually a percentage (such as two-thirds) of the employee’s average weekly wage, subject to a maximum and minimum limit set by the state or jurisdiction. -Temporary Partial Disability (TPD) Benefits: In cases where the employee can work but at a reduced capacity or with restrictions, TPD benefits may be provided. These benefits typically compensate for the wage loss experienced by the employee due to the reduced work capacity. The amount is usually a percentage of the difference between the pre-injury wages and the wages earned after the injury. -Permanent Total Disability (PTD) Benefits: If an employee is permanently and totally disabled, meaning they are unable to return to any gainful employment due to their work-related injury or illness, PTD benefits may be awarded. These benefits provide ongoing wage replacement for the duration of the disability, which may continue for the rest of the employee’s life. -Permanent Partial Disability (PPD) Benefits: If an employee sustains a permanent impairment or loss of function but can still work to some extent, PPD benefits may be available. The amount of PPD benefits is typically determined based on the nature and extent of the impairment or loss, as assessed by medical professionals. -Vocational Rehabilitation: In cases where an employee is unable to return to their previous job due to a work-related injury, workers’ compensation may cover vocational rehabilitation services. These services aim to help the employee acquire new skills, training, or education to transition into a different job or industry.