Remove Compensation System Remove Deductions Remove Employee Compensation Remove Medical
article thumbnail

What is Workers' Compensation Self-insurance?

Workers' Compensation Perspectives

This means: - Employers are shielded from legal suits for work-related injuries in exchange for funding the costs of statutory compensation and benefits specified by the relevant workers’ compensation statute. ComCare handles the claims including payments, medical expenses, are related benefits. Self Insured : 24.7%

article thumbnail

Is workers’ compensation spending on healthcare significant? Would a "single-payer" system make a difference?

Workers' Compensation Perspectives

Private funding includes out-of-pocket healthcare spending by individuals on medical supplies and services, co-pays or deductibles. The healthcare of military vets, grants for medical research and public medical insurance typically fall into the public spending category. In my view, this would be a mistake.

article thumbnail

Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

.); "total amount paid to employees over a period," hence, via records-keeping, "list of employees receiving pay." [ See [link] ] Today, the word “payroll” more often than not refers to the department or system that manage employer costs for a range of employee compensation components.