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The answer is that workers' comp pays a part of lost wages, but not the full amount. These wages are paid as disability income benefits.
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What is the average cost of workers' compensation insurance in Mississippi? Estimated employer costs for workers' compensation in Mississippi are $1.27 per $100 covered in payroll.
Compensation is 66 2/3 percent of the injured workers wage. Minimum weekly payment is $25. Maximum weekly payment is 66 2/3 percent of the Mississippi state average weekly wage, $398.93.
Most often, benefits are calculated and paid based on the average weekly wage. This is calculated by multiplying the employee's daily wage by the number of days worked in a full year. That number is then divided by 52 weeks to get the average weekly wage.
Workers injured on the job are eligible for cash disability benefits and medical care through the Mississippi Workers' Compensation Act, passed by the state legislature in 1948.Coverage includes medical services and supplies, cash payments for lost wages, and rehabilitation services.
In closing, workers' compensation does not pay your full salary, but you are entitled to part of your salary. If you've been injured on the job and need assistance throughout the sometimes confusing process, be sure to consult an attorney for their expertise.