What’s your hand worth? In line with the Illinois Workers’ Compensation Commission, the utmost value of a hand lost at work (for a worker who makes the common Illinois annual salary of $42,754.40) is $168,551, whereas that same hand will be worth $156,218 in Iowa and $143,885 in Nebraska.

In Illinois workers’ compensation law, the worthiness of human parts of the body is decided by an actuarial analysis of probabilities and future values of injuries. workers compensation attorney The values are continually adjusted to maintain with inflation and changes in the economy. The Illinois Workers’ Compensation Commission uses the fixed values of parts of the body to be able to strike a reasonable balance between compensating workers without driving insurance companies into financial ruin.

Workers’ Compensation Overview

Workers’ compensation is one of the first samples of tort reform enacted in the United States. Before workers’ compensation law, people hurt at work were up against two unpleasant alternatives: (1) they could either file lawsuits against their employers or (2) they could suck it up and pay for their particular injuries.

Now, employers in every state but Texas are required to carry workers’ compensation insurance. When people are injured at work, it is practically as simple to file claims inside their states’ workers’ compensation systems, since it would be to file insurance claims after car accidents.

In order to ensure that injured workers, employers and insurance companies are treated fairly, the Illinois Workers’ Compensation Commission continually makes changes to the Illinois Workers’ Compensation Act.

Below can be an overview of the most recent group of changes to the Illinois Workers’ Compensation Act, which took invest July of 2005.

Fraud Statute Established

Any party associated with committing fraud relating to a workers’ compensation dispute is guilty of a Class 4 felony and must pay complete restitution as well as a fine. Furthermore, those that knowingly receive benefits by making false workers’ compensation claims can be liable for either 3 times the worthiness of benefits wrongfully obtained or twice the worthiness of coverage attempted, plus attorney fees required to create the claim.

Penalties Increased for Uninsured Employers

Employers who fail to buy workers’ compensation insurance are guilty of fabricating a sudden and serious danger to public health. As a consequence, a work stop order can be imposed, requiring the cessation of business operations before the employer obtains proof workers’ compensation insurance.

Furthermore, a knowing failure of an employer to provide workers’ compensation insurance coverage is considered a Class 4 felony, and each day’s violation is really a separate offense.

Medical Fee Schedule Established

The Commission has established a medical fee schedule, setting maximum medical fees that employers are liable for. The most fees are 90% of the 80th percentile of charges in a specific geographic area. If your worker’s medical bills are less than what’s established by the fee schedule, then a employee will receive full workers’ compensation coverage for anyone bills.

Benefits Increased and Changed

The Illinois Workers’ Compensation Commission sets maximum compensation for specific work injuries. By February of 2006, the utmost compensation that the worker can receive as the result of a death injury is the higher of $500,000 or 25 years worth of salary. That is higher compared to previous maximum (the greater of $250,000 or 20 years).

Expedited Hearings

When a wounded worker is not receiving any compensation for an accident from his or her employer, that worker can request an expedited hearing. An employer may also request an expedited hearing in case a worker continues receiving compensation until a judgment is rendered and the employee has been released back once again to work.

Utilization Review Established

If an employer has reason to trust an inured workers’ medical treatment was unnecessary or unreasonable, the employer might have the case evaluated at a utilization review. To be able to qualify for a utilization review, employers must register with the Department of Financial and Professional Regulation once every two years.

Happy Employees, Employers and Insurance Companies

The Illinois Workers’ Compensation Commission strives to achieve fair results for several parties associated with work injuries. Illinois workers compensation laws benefit employees by providing fast compensation for injuries minus the stress of filing lawsuits. Employers take advantage of workers’ compensation insurance coverage, because it eliminates the chance of lawsuits brought by injured employees. Even insurance companies take advantage of workers’ compensation law, because it sets maximum rates, which reduces the odds of unreasonable payouts. Furthermore, when insurance premiums paid by employers are invested at favorable rates, insurance companies can actually stand to gain the most from the Illinois Workers’ Compensation system.

By continually adjusting the Illinois Workers’ Compensation Act, the Illinois Workers’ Compensation Commission is reaching fair results for all those associated with work injuries.

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