NY No-Fault Benefits: Lost Wages

Описание: Rosenberg & Gluck, L.L.P.
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No-Fault Insurance Benefits Lost Wages Coverage

Basic No-Fault auto insurance typically covers 80% of lost earnings from work, up to $2,000 per month for up to three years from the car accident. When it comes time to file your tax returns, these pay-outs will be tax-free.

An Example Lost Wage Payout for a Motor Vehicle Accident

If you're experiencing economic loss and desperately need to cover your medical bills and other expenses, New York State disability will pay you first, then No-Fault will reimburse the remaining amount if any for your lost wage claim.

For example: if you earn $250 per week or $1,000 per month. No-Fault will pay 80% of your salary up to $2,000 per month – 80% of $1,000 is $800.

But before you are paid by No-Fault, you will first be reimbursed by New York State disability. New York State disability will pay half of your salary up to $170/week.

In this example, you will receive $125 per week from New York State disability for a total amount of $500 per month ($125 = half of $250 weekly salary). No-Fault will then pay $300 in lost wages ($800 – $500 = $300).

Should I consult a Long Island personal injury lawyer after an accident?

Yes! If you’ve been injured, the experienced Long Island lawyers at Rosenberg & Gluck, L.L.P., can help you. Call (631/516) 451-7900.