It’s no secret that the New York Workers’ Compensation process can be greatly inefficient, resulting that in huge time and financial waste for employees and employers alike. That’s why I’m encouraged to see the new Workers’ Compensation reforms that Governor Cuomo introduced in April.
These new reforms will bring over $800 million in savings to New York employers while simultaneously raising the minimum workers’ compensation amount from $100 to $150.
The maximum compensation amount will also be raised, going from $792.07 to $803.21, starting on July 1, 2013. These increases can make an important difference in the lives of minimum and low-wage workers afflicted by on-the job-injuries.
Other reforms include that the Workers’ Compensation Board will start to accept claims electronically this summer. This will cut down on paper-handling costs, enhance system oversight and ensure the timely payment of benefits to injured workers. Bravo.
While many more reforms will have to happen before the NY workers’ compensation system becomes a well-oiled machine, these changes are a definite step in the right direction.