by rgz4 » Wed Apr 09, 2008 03:09 am
Insurance company is saying they will only pay 80% of lost wages due to taxes taken by employer if i had worked .Is this common, do most insurance co. pay 80 or 100%. My accident happened in TX.
Should I pursue 100%, if so what possible arguments can i use.
Should I pursue 100%, if so what possible arguments can i use.
Posted: Tue Jun 03, 2008 10:00 pm Post Subject: 80%
I would be surprised if 80% (net not gross) was not the purchased coverage amount. The 401k deduction would not be considered in the net account as this would be a net take home without prior deductions taking place, i.e. 401k, 403b, Health Insurance, Life Insurance, Supplemental deductions, etc. A little hard to distinguish with all of the assumptions we are making. haha But it is fun!
Posted: Tue Jun 03, 2008 11:19 pm Post Subject:
Very true Benefits. Its cool to see all the questions and answers brought up in a question like this.
Posted: Wed Jun 04, 2008 10:45 pm Post Subject:
Most disability environments will pay based on the gross wage, not the gross wage MINUS pre-tax contributions.
InsTeacher 8)
Posted: Wed Jun 04, 2008 11:22 pm Post Subject:
Ins teach I think we are talking (or assuming) this is loss of wage in an auto accident BI settlement...In that case I've never paid gross wages.
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