Workers’ compensation provides essential support for injured workers in Kentucky, as it does in most states. It offers financial help and medical care to those who qualify. But is it enough to live on in the Bluegrass State?
Compared to other states, Kentucky is seventh in affordability (ninth in cost of living and fifth in housing affordability). This means that, under certain circumstances, living on workers’ comp benefits alone might be possible.
How much do workers’ comp benefits pay?
Kentucky law requires most employers to carry workers’ compensation insurance. This insurance helps injured workers with medical costs and some of their lost wages. The amount you receive usually depends on your pre-injury wages and your injury’s severity.
For temporary total disability, you can receive two-thirds of your average weekly earnings, capped at $1,114.44 per week (as of 2023). The calculation for permanent partial disability benefits is different. It depends on your impairment rating and other factors.
Not a permanent solution
Many injured workers may struggle to cover all their expenses because they will be earning less than they normally do. This can be especially difficult if they have dependents or high medical costs. Most benefits may also end once you reach maximum medical improvement.
Still, living solely on workers’ comp benefits might be possible for some, but it often requires careful budgeting and lifestyle changes. This could mean cutting out non-essential costs, looking for other financial support programs and doing some part-time work within your medical restrictions.
Workers’ comp laws are complicated, and the potential long-term impact on your finances makes it a good idea to get professional advice. This can help make sure you get the highest possible compensation.