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COBRA Health Insurance Subsidy Update

Do I pay taxes on my Workers’ Compensation benefits?

August 1, 2016
Workers’ compensation benefits are tax-free. This means you will not pay taxes on your weekly checks or on the settlement. Social Security Disability payments are taxable though – including the amounts offset by workers’ compensation. This is technical so you should call an attorney or your tax advisor.
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If I settle my case am I going to have to quit my job?

Often, but not always, an employer will ask you to resign as part of a certain type of settlement. Those settlements usually are significantly larger than being paid for your rating. When you take your rating it is extremely unlikely that you’d be asked to resign. The reason that an employer may do this is […]
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Workers’ Comp settlement, can I get out of it?

This question: “I settled my Workers’ Comp case, can I get out of it?” calls for our favorite lawyer answer: it depends. It depends on what you mean by “settled.” If the North Carolina Industrial Commission has approved a complete settlement and you’ve received money already then no, you cannot get out of the settlement. […]
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What happens when I settle?

It depends exactly what you mean by “settle.” If you take the rating in your case then you’ll sign an Industrial Commission form and the adjuster will send it into the Commission for approval. Once it is approved the insurance company will pay the rating out to you. This usually occurs over a period of […]
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What is a Medicare Set Aside Agreement?

Medicare Set-Asides are phenomena that has come into full force in the last several years. In the old days if an injured worker was on Medicare and his workers’ compensation claim was still open it was pretty common for the worker and the insurance company to settle the claim. Medicare got stuck paying for all […]
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