Wage Loss – A Michigan No-Fault Insurance Benefit
No-Fault attorney explains how you can receive compensation for lost wages – when you miss work due to car accident injuries
The wage loss provision of the No-Fault act will reimburse you for 85 percent of any wages lost as a result of your injuries, up to a statutory monthly maximum that is adjusted every year. As of October 1, 2019 through September 30, 2020, your maximum wage loss benefits shall not exceed $5,718 per month for up to three years following your accident.
Wage loss benefits may be extended if the job is no longer available. However, no further benefits are owed if the position was lost due to economic circumstances. A claimant may be entitled to wage loss benefits if an injury leads to a further disabling condition, such as drug dependency.
Wage loss benefits are restricted to only taxable income. Therefore, they do not include health insurance, pension and other contributions. The wage loss provision is payable for three years from the date of the auto accident.
For more information, watch our wage loss No-Fault benefits lawyer video: