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Recently, I received some feedback from our members about the timeliness of the receipt of their benefits and how grateful they were that they can receive social security benefits during these challenging times. I am happy that we are exceeding our members’ and pensioners’ expectations on how their years of…
05/26/21 Michael Stack Reserving workers compensation claim files is the art of predicating the financial cost of the claim and setting aside monetary values to cover payments until closing. Unlike other types of casualty losses, many factors are known very early in the workers compensation claim handling process. Known Factor Examples: The benefit payments are set by statute and state mandate with minimum and maximum values. These are published and adjusted annually. For example a temporary total benefit might be a minimum of $400 weekly and a maximum benefit might be $900. Most formulas are...
Wednesday, January 20, 2021 In the state of Ohio, a light-duty job offer is a strategic way to either bring an injured worker back to the workforce or bar temporary total compensation, should the injured worker reject a valid offer. Either way, it can aid employers in eliminating, minimizing, and/or stopping temporary total disability compensation from being paid in a claim. The Ohio Revised Code prohibits payment of temporary total compensation when work within the employee’s physical capabilities is made available by an employer. The Ohio Administrative Code outlines the requi...