Possible Enhancements To Income Replacement Through Accident Benefits

Residents of Ontario that have become involved in a motor vehicle accident can expect some relief from financial obligations by using their Accident Benefits. Yet those with catastrophic injuries may need some extensive resources. For that reason, personal injury lawyers in Ontario want the Province’s drivers to know about the available enhancements to those promised benefits.

Personal Injury Lawyer in Georgetown knows that the insurance policy is available to all drivers in Ontario includes an Income Replacement Benefit. A working adult that becomes eligible for such a benefit receives a payment every 2 weeks. The benefit’s size depends on the size of the recipient’s former income. The amount sent to the recipient every 2 weeks should equal 70% of his or her previous salary. If, for some reason, the delivered amount falls short of what was expected, the shortfall should get covered by the insurance company of the responsible motorist.

Obligations of someone that claims to have been injured in a motor vehicle accident

• Notify insurance of any plans to seek Accident Benefits within 7 days of the accident.
• File an application for the same benefits within 30 days.

What happens if an employee remains sick or disabled, following a passage of 104 weeks?

In that case, the affected employee would need to seek help from some type of income enhancement. One such possible enhancement gets delivered to eligible members of the Canada Pension Plan (CPP). The benefit’s size averages $930 per month, and it gets sent to a victim that is less than 65 years of age.

Another possible enhancement could come from the Employment Insurance (EI) Program. An employee would be considered eligible for a payment from the EI Program, if his or her employer had participated in that same program. In addition, the affected worker would have had to have been making payments into that same Program.

An injured employee that gets paid through the EI Program should not expect to receive payments from the same source for more than 15 weeks. Still, that temporary source of money could prove helpful, if the recipient intended to apply for Long Term Disability Benefits.

Besides serving as only a short-lived solution, the EI payment represents only 55% of the injured employee’s former income. It does, however, come from a source that is close to the employer. Meanwhile, any payment for CPP would come from a more distant source.

There is no limit to the amount of time that an injured worker can receive the CPP payments, as long as the same worker remains less than 65 years of age. Yet, as a general rule, someone that has become seriously injured in an accident has faced the new and unanticipated challenges with thoughts on a rapidly approaching retirement.

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