What is a total Knee Replacement worth under workers comp in New Jersey?
In New Jersey, the total knee replacement workers' compensation settlement value is based on several factors, such as:
- The pre-injury and post-injury average weekly wages
- The degree of permanent impairment from the knee replacement
- Medical expenses and future need for treatment
- Lost wages and the possibility of returning to work
To determine the settlement value of a total knee replacement workers' compensation claim in New Jersey, you must first calculate the permanent impairment rating. The rating will depend on the degree of functional limitation caused by the knee replacement.
The New Jersey Workers' Compensation Law provides a schedule of permanent impairment ratings for various body parts, including the knee. According to the schedule, the permanent impairment rating for a total knee replacement is 54%.
Once the permanent impairment rating is determined, you must multiply it by the pre-injury average weekly wage to calculate the total workers' compensation settlement value. For example, if the pre-injury average weekly wage is $1,000 and the permanent impairment rating is 54%, the total workers' compensation settlement value would be $54,000 ($1,000 x 54%).
The settlement value can be increased if the injured worker has high medical expenses and future need for treatment. It can also be increased if the injured worker is unable to return to work due to the knee replacement.
If you are considering settling your workers' compensation claim for a total knee replacement, it is important to consult with an experienced workers' compensation attorney. An attorney can help you calculate the settlement value of your claim and negotiate a fair settlement with your employer's insurance company.