Are There Different Types of Workers’ Comp Benefits?

Most people are aware that they can get compensation to help with any medical bills that arise out of an injury or accident while on the job. Many people, however, do not realize just how broad is the spectrum of workers’ comp benefits.

Payment of Your Bills

The most well-known aspect of workers’ comp involves reimbursing injured employees for bills they incur as a result of a work-related accident or illness. Visits to the doctor, fees for testing, prescription medication, and other similar expenses can be covered by workers’ comp payments.

In addition, you may be able to get compensation for things such as physical therapy, job retraining, and other expenses that you incur because of the accident or illness related to your job. Essentially, if you have a bill that you would not have had but for the work-related injury or illness, chances are good that you can get workers’ comp for it.

Reimbursement for Financial Loss

In addition to covering your direct expenses, there are many workers’ comp benefits that can help make you whole when you suffer a financial loss because of a work-related injury or illness. For example, if you are unable to work at your old profession and can only find work that pays less than what you previously made, you might be able to get workers’ comp benefits to make up the difference.

Likewise, if you die because of an injury or illness stemming from your job, your heirs may be able to get a payment to cover the wages you would have otherwise earned. This can help out tremendously in situations where a single employee is the primary earner in a family. This form of workers’ comp essentially acts in a similar manner to a life insurance policy, providing the peace of mind that comes with knowing your family will be cared for if something happens to you while you are on the job.

Temporary Benefits

Even if you will eventually be able to return to your former position, workers’ comp can help you recover the wages that you lost during the time you were unable to work. This means that you don’t have to have a permanent disability or impairment to your earning power in order to enjoy the benefits provided to you by workers’ comp insurance.

As you can see, workers’ comp can help out in a wide range of circumstances. If you have any questions, please feel free to contact us.