As of 7/1/07, the Workers’ Compensation system and law has undergone a radical change. The good news is that the maximum rates will increase incrementally over the years to come. The bad news is that certain cases will now have caps on the years an injured worker can collect weekly checks. This web site has some general information on the law changes, but to fully advise any injured worker requires a professional consultation on the phone or in person. Call us for answers.
Capped Benefits
Cases where a worker has been legally classified as permanent partially disabled have caps on benefits. This requires immediate analysis of your case to maximize its potential.
Mandatory Settlement Offer
In certain cases, insurance carriers will be required to make a "good faith settlement offer" on a required date. You need to contact us immediately to best evaluate settlement possibilities.
If you are classified with a permanent partial disability after 7/1/07, surgery or a significant change/deterioration in your condition may reset/hold yearly benefit caps previously imposed.
PROPOSED NEW COMP LAWS:
RATE CHANGES
EFFECTIVE DATE .....WAGE BASE........MAX.............MIN
7/1/07................................ 750..............500............100
7/1/08................................ 825..............550............100
7/1/09................................ 900..............600............100
7/1/10.........................1,109.75.........739.83............100
7/1/11............................................2/3 AWW NYS
EFFECTIVE DATE 7/1/07 PPD CAP ON WEEKS OF BENEFITS
% LOSS OF EARNING CAPACITY.............MAX WEEKS
96-99%........................................................525
90-95%........................................................500
85-90%........................................................475
80-85%........................................................450
75-80%........................................................425
70-75%........................................................400
60-70%........................................................375
50-60%........................................................350
40-50%........................................................300
30-40%........................................................275
15-30%........................................................250
0-15%..........................................................225