HCR 230 Week 5 Checkpoint Workers Comp

HCR 230 Week 5 Checkpoint Workers Comp -...

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Workers’ Compensation Plans     1 Characteristics of Workers’ Compensation Plans By Candace Smith May 7, 2011
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Workers’ Compensation Plans     2 There are currently two types of state workers compensation benefit plans as well as four different types of federal plans. One of the state workers compensation plans consists of paying for medical expenses. This program allows compensation for the employee if their injury or illness was caused by their employment. The second plan offers compensation for the employee’s wages that are lost during the time the employee is physically unable to work. The state workers’ compensation fund puts premiums into one state based insurance fund. This fund is the source of payment for all claims. In the private plan—which is favored by most employers—employers enter into contracts with private insurance carriers. One of the four federal compensation plans is the Longshore and Harbor Workers’ Compensation Program. This program offers individuals that are working in the maritime
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HCR 230 Week 5 Checkpoint Workers Comp -...

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