article thumbnail

State of New Jersey Failed to Address Deficiencies in $96 Million Workers’ Compensation Program

Workers' Compensation

A report released today by the Office of the State Comptroller (OSC) finds that the agency that manages workers’ compensation claims filed by state employees failed to remedy deficiencies identified three years ago. As a result, the State faces a greater risk of preventable workplace injuries, spurious claims, and wasted tax dollars.

article thumbnail

What Is PEO Workers’ Compensation?

Genesis HR Solutions

What is workers’ compensation? Workers’ compensation systems were established to provide partial medical care and income protection to employees who are injured or become ill as a result of doing their job. These systems also provide employers with incentives to reduce work-related injury and illness.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

Temporary Total Disability for Work injury: What will Workers’ Compensation pay?

Workers' Compensation Perspectives

In the accompanying slides and in some responses, I provide additional references as a starting point for understanding and comparing initial workers’ compensation. All workers’ compensation systems pay the same rate for lost wages…right? At lower income levels, no income tax may be payable.

article thumbnail

Workers’ compensation Insurance Arrangements: Does the model make a difference? Part 2

Workers' Compensation Perspectives

If the workers’ compensation insurance arrangement is irrelevant, the ratio of worker benefits paid to employer cost should be similar regardless of the insurance arrangement category. The WBP/EC ratio was also below the average for the three categories considered and the ratio for the exclusive state fund category.

article thumbnail

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

Workers' Compensation Perspectives

Social Security, Unemployment Insurance, Medicare, and Workers’ Compensation require employers pay a percentage of “earnings” over and above any contribution required of workers (typically paid out of gross earnings and often lumped together as “payroll taxes”). or 1.25% of total employer cost of employee compensation [$36.77].

article thumbnail

Top 10 Appellate Decisions During the 100 Years of NCCI

The Workcomp Writer

Heartiest congratulations to the National Council on Compensation Insurance (NCCI) as it celebrates 100 years of service to the workers’ compensation system. Our” system has seen substantial changes over the years and NCCI has deftly adapted along with it. Duke Medical Center, 297 N.C. Minneapolis St. 315, 41 N.W.2d