WCA releases 2016 Weekly Benefit Tables and how to double check your weekly compensation rate.
We have blogged in the past about your average weekly wage and how this calculation is used to figure out your weekly compensation rate under workers’ compensation.
Here are some instructions on using the 2016 Weekly Benefits Tables. Our experience shows that insurance companies frequently make mistakes.
Please remember that your weekly compensation rate is also subject to a state-wide maximum. The Weekly Benefit Tables will be updated when this information is released.
Write down the highest 39 paid weeks before you got hurt. Add these weeks together and divide by 39. This gives an average amount. Remember to include overtime and premium pay. Discounted fringe benefits and wages from a second job can also be included under specific circumstances.
A person who is unable to work is generally entitled to 80% of their after-tax average weekly wage. Plug this number into tables provided by the State of Michigan to calculate a weekly compensation rate. You must know tax filing status and number of claimed dependents.
Watch out for insurance companies who use the wrong weeks or just estimate your wages. We have seen clients receive hundreds of dollars less per week because someone did not use actual wage records from the employer to do the calculation.
Michigan Workers Comp Lawyers never charges a fee to evaluate a potential case. Our law firm has represented injured and disabled workers exclusively for more than 35 years. Call (855) 221-2667 for a free consultation today.
Photo courtesy of Creative Commons, by quacktaculous.