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In New Jersey, these benefits are 70% of your average weekly wages before the injury, but there is a maximum and minimum that changes every year. For injuries that happen in 2021, the weekly maximum benefit is $969, and the minimum is $258.
There's a seven-day waiting period before workers' comp benefits begin. If your injured worker can't return to work within that period, they can start getting temporary disability benefits. There isn't a waiting period for medical benefits or permanent disability benefits.
After the individual is released from medical treatment, workers' compensation cases are completed within an average of nine months. When the employer and the employee agree on a monetary settlement, the parties will then proceed before the court for the settlement hearing.
Once a doctor tells a patient that their condition has reached MMI, it means they have reached the point at which further improvement is not possible. Reaching MMI doesn't indicate that they are completely healed or improved; only that there is no reason to keep trying to improve.
Maximum medical improvement (MMI) is the point when the doctor treating your injuries believes your condition has stabilized. While some may believe reaching MMI is the end of their personal injury nightmare, it's actually not. Legally speaking, hitting MMI means it's time to discuss your settlement options.
An authorized physician determines when an injured worker has reached Maximum Medical Improvement. Once MMI is reached, the legal obligation to provide medical treatment benefits ceases.
Once you have reached your MMI, your therapy treatment, pain management, medication, and/or surgery options will cease, but you will be able to proceed with your claim petition and seek monetary compensation for your injury.
Fortunately, workers' compensation benefits are not taxable. Neither the New Jersey Division of Taxation nor the Internal Revenue Service (IRS) taxes medical or disability benefits received through workers' comp.
When you settle your workers' comp claim, you give up certain benefits in exchange for an agreed-upon sum of money. Settlements can be paid in a lump sum or in installments on a monthly, annual, or other basis.
After the individual is released from medical treatment, workers' compensation cases are completed within an average of nine months. When the employer and the employee agree on a monetary settlement, the parties will then proceed before the court for the settlement hearing.