How Much is Workers Comp Worth and How is it Calculated | 2024 PA Workers Compensation Rates & Calculation (2024)

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2024 Pennsylvania Workers’ Compensation Rate Schedules

Pursuant to the Workers’ Compensation Act, Section 105.1 and 105.2, the Department of Labor & Industry has determined the maximum compensation for injuries occurring on and after Jan. 1, 2024 shall be $1325.00 per week. For purposes of calculating the update to the payments for medical treatment rendered on and after Jan. 1, 2023, the percentage increase in the statewide average weekly wage is 4.0 percent.

The maximum weekly compensation rate for the calendar year 2024 is $1325.00. The weekly compensation rate is to be 66 2/3 percent of the employee’s average weekly wage falls between $1,987.50 and $993.76. The weekly compensation rate is $662.50 if the employee’s average weekly wage is between $993.75 and $736.11, and 90 percent of the employee’s average weekly wage if it is $736.10 or less.

2023 Pennsylvania Workers’ Compensation Rate Schedules

Pursuant to the Workers’ Compensation Act, Section 105.1 and 105.2, the Department of Labor & Industry has determined the maximum compensation for injuries occurring on and after Jan. 1, 2023 shall be $1273.00 per week. For purposes of calculating the update to the payments for medical treatment rendered on and after Jan. 1, 2023, the percentage increase in the statewide average weekly wage is 5.7 percent.

The maximum weekly compensation rate for the calendar year 2023 is $1,273.00. The weekly compensation rate is to be 66 2/3 percent of the employee’s average weekly wage falls between $1,909.50 and $954.76. The weekly compensation rate is $707.21 if the employee’s average weekly wage is between $954.75 and $707.22, and 90 percent of the employee’s average weekly wage if it is $707.21or less.

2022 Pennsylvania Workers’ Compensation Rate Schedules

Pursuant to the Workers’ Compensation Act, Section 105.1 and 105.2, the Department of Labor & Industry has determined the maximum compensation for injuries occurring on and after Jan. 1, 2022 shall be $1205.00 per week. For purposes of calculating the update to the payments for medical treatment rendered on and after Jan. 1, 2022, the percentage increase in the statewide average weekly wage is 6.6 percent.

The maximum weekly compensation rate for the calendar year 2022 is $1,205.00. The weekly compensation rate is to be 66 2/3 percent of the employee’s average weekly wage falls between $1,807.50 and $903.76. The weekly compensation rate is $602.5.00 if the employee’s average weekly wage is between $903.75 and $669.44, and 90 percent of the employee’s average weekly wage if it is $669.43 or less.

2021 Pennsylvania Workers’ Compensation Rate Schedules

Pursuant to the Workers’ Compensation Act, Section 105.1 and 105.2, the Department of Labor & Industry has determined the maximum compensation for injuries occurring on and after Jan. 1, 2021 shall be $1,130.00 per week. For purposes of calculating the update to the payments for medical treatment rendered on and after Jan. 1, 2021, the percentage increase in the statewide average weekly wage is 4.6 percent.

The maximum weekly compensation rate for calendar year 2021 is $1,130.00. The weekly compensation rate is to be 66 2/3 percent of the employee’s average weekly wage falls between $1,695.00 and $847.51. The weekly compensation rate is $565.00 if the employee’s average weekly wage is between $847.50 and $627.78, and 90 percent of the employee’s average weekly wage if it is $627.77 or less.

2020 Pennsylvania Workers’ Compensation Rate Schedules

Pursuant to the Workers’ Compensation Act, Section 105.1 and 105.2, the Department of Labor & Industry has determined the maximum compensation for injuries occurring on and after Jan. 1, 2020 shall be $1081.00 per week. For purposes of calculating the update to the payments for medical treatment rendered on and after Jan. 1, 2020, the percentage increase in the statewide average weekly wage is 3.1 percent.

The schedules provided on the Pennsylvania Department of Labor and industry site provide weekly rates from calendar year 2015 to 2018. The maximum weekly compensation rate for calendar year 2020 is $1,081.00. The weekly compensation rate is to be 66 2/3 percent of the employee’s average weekly wage falls between $1,621.50 and $810.76. The weekly compensation rate is $540.50 if the employee’s average weekly wage is between $810.75 and $600.56, and 90 percent of the employee’s average weekly wage if it is $600.55 or less.

2019 Pennsylvania Workers’ Compensation Rate Schedules

Pursuant to the Workers’ Compensation Act, Section 105.1 and 105.2, the Department of Labor & Industry has determined the maximum compensation for injuries occurring on and after Jan. 1, 2019 shall be $1,049.00 per week. For purposes of calculating the update to the payments for medical treatment rendered on and after Jan. 1, 2019, the percentage increase in the statewide average weekly wage is 2.3 percent.

The maximum weeklycompensation rate for calendar year 2019 in Pennsylvaniais $1,049.00. The weekly compensation rate is to be 66 2/3 percent of the employee’s average weekly wage falls between$1,573.50and$786.76. The weekly compensation rate is$524.50if the employee’s average weekly wage is between $786.75and$582.78, and 90 percent of the employee’s average weekly wage if it is $582.77or less.

2018PennsylvaniaWorkers’ Compensation Rate Schedules

The maximum weekly compensation rate for calendar year 2018 in Pennsylvania is $1,025.00. The weekly compensation rate is to be 66 2/3 percent of the employee’s average weekly wage falls between$1,537.50and$768.76. The weekly compensation rate is$512.50if the employee’s average weekly wage is between $768.75and$569.44, and 90 percent of the employee’s average weekly wage if it is $569.43or less.

Additional Informattion

There are other potential factors in calculating your average weekly wage. Our law firm has found that the average weekly wage is one of the most frequently miscalculated items by workers’ compensation insurance carriers. Because these errors can result in significant money over time, you should work with an experienced workers’ compensation attorney if you suspect that your average weekly wage is not accurate.

You can learn more about the workers compensation system and workers compensation benefits in Pennsylvania by visiting the Bureau of Workers’ Compensation site or exploring our website.

Our law firm handles workers’ compensation claims in Philadelphia and other Pennsylvania cities. For our clients’ benefit, we provide a handbook with answers to common workers’ compensation questions. To request a copy, visit our workers’ compensation handbook page.

FAQs

How Much is Workers Comp Worth and How is it Calculated | 2024 PA Workers Compensation Rates & Calculation? ›

The chart below shows that the maximum weekly compensation rate for 2024 is $1,325.00. Injured workers whose average weekly wage falls between $1,987.50 and $993.76 will receive a workers' comp rate of 66 2/3 percent of their wages. The third block reflects a weekly compensation rate of $662.50.

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How is workers' comp settlement calculated in PA? ›

But if your injury means that your conditions are not going to get better and you won't be able to work again, you can negotiate a comp settlement based on two-thirds of your average weekly wage and the 500-week period (about nine and a half years) for which you are eligible to receive benefits in Pennsylvania.

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What is the workers comp rate in PA? ›

2021 Pennsylvania Workers' Compensation Rate Schedules

For purposes of calculating the update to the payments for medical treatment rendered on and after Jan. 1, 2021, the percentage increase in the statewide average weekly wage is 4.6 percent. The maximum weekly compensation rate for calendar year 2021 is $1,130.00.

How do you calculate comp rate? ›

To estimate the workers' compensation cost for an employee, divide their annual pay by 100, then multiply that number by your workers' compensation insurance rate to get your estimated premium.

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What is the workers compensation limit in PA? ›

(3) Workers compensation insurance with statutory benefits as required by Pennsylvania law; employers liability insurance with minimum limits of: $ 100,000 each accident for bodily injury by accident; $ 100,000 each employee for bodily injury by disease; and $ 500,000 policy limit for bodily injury by disease.

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Does surgery increase workers comp settlement in PA? ›

Under Pennsylvania law (77 P.S. § 531), workers' compensation insurance must pay for your medical expenses, including surgery. If your surgery is unsuccessful, the value of your claim will increase, as this means you are more likely to have a higher disability rating.

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What is the highest paid workers comp settlement? ›

10 highest workers comp settlement payouts in the US

$13.2 million workers comp settlement for ironworker struck by a car (California) ...
$12 million workers comp settlement for a nursing home worker with carpal tunnel syndrome (South Dakota)

More items...

Jun 9, 2023

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What is the formula for calculating compensation? ›

The compensation amount is calculated by multiplying the wage by the healing time. This final amount is then used to settle other related costs.

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How do you calculate comp value? ›

Calculating and Using Retail Sales Comps

To calculate a company's sales growth rate, subtract the previous year's sales from the current year's sales and then divide the difference by the previous year's amount.

How do you calculate comp%? ›

Comp sales = [ (X−Y) ÷ Y ] × 100.
X = 2021 sales.
Y = 2020 sales.
Comp sales = [ (6,000,000−3,000,000) ÷ 3,000,000 ] × 100.
Comp sales = (3,000,000 ÷ 3,000,000) × 100.
Comp sales = 1 × 100.
Comp sales = 100%

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How does PA workers' compensation work? ›

If you sustain a job injury or a work-related illness, the Pennsylvania Workers' Compensation Act, or Act provides payment for your medical expenses and, in the event you are unable to work, wage-loss compensation benefits until you're able to go back to work.

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What is the 25% compensation limit? ›

The Employer Contribution Deduction Limit is the allowable deduction for employer contributions to a 401(k) plan in a single taxable year. In general, this limit is set to 25% of total compensation for all employees eligible to participate. Any contributions that exceed this limit are not deductible for tax purposes.

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What is the 90 day rule for workers' comp in PA? ›

Treatment recommended as a result of the second opinion must be provided by a listed provider for 90 days. If during the 90-day period you visit a provider(s) not on the list, your employer or your employer's insurance carrier may refuse to pay for such treatment.

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How long does it take to get a workers' comp settlement check in PA? ›

After the settlement hearing, the Judge must issue a written decision approving the settlement. That typically takes between 1 and 7 days. Once the WCJ issues the written decision, then the Pennsylvania Workers' Compensation Act requires payment within 20 days of the decision.

How long do most workers' comp settlements take? ›

You can receive a workers' comp settlement offer at any time throughout a case. However, most cases are settled within 6 months and are almost always paid out after the injured worker has reached maximum medical improvement (MMI) – the point where a doctor has determined the injured worker has recovered.

How much should I settle for a hand injury? ›

However, the nature of these types of injuries can vary in severity. That's why workers comp settlement for hand injuries tend to vary widely too. In most cases, the injured worker can claim anywhere from $12,000 to as much as $200,000. Most work-related hand injuries are caused by cuts and lacerations.

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How are compromise and release settlements calculated? ›

To calculate a Compromise and Release settlement, three factors need to be considered: permanent disability rating, future medical treatments, and attorney fees.