You work hard, and with that comes a whole bunch of rights, privileges, and programs that protect you. Surprisingly, many people don't know exactly what they're entitled to. We're here to help!
Whether you’re looking to secure unemployment insurance, understand workers’ compensation, or access employer-sponsored benefits, this guide to worker and employee benefits provides the information you need to take advantage of the resources available to you.
Let’s explore the options to help you maintain stability and protect your future.
If you want to learn more about all the benefits available to you and your family, sign up now for BenefitKarma!
Workers’ compensation benefits
Workers' compensation programs are designed to support employees injured on the job or who develop work-related illnesses. These programs cover medical expenses, lost wages, and rehabilitation costs, providing crucial financial stability during recovery.
Benefits of workers' compensation usually include:
Cash payments to replace lost wages while recovering
Medical expenses
Benefits for dependents if the worker dies from a work-related injury or illness
Medical benefits
Workers’ compensation ensures that injured employees receive necessary medical care, including surgery, prescriptions, physical therapy, and specialist consultations. Coverage varies by state but typically includes:
Emergency care
Ongoing treatment for injuries or illnesses
Vocational rehabilitation if you cannot return to your previous job
Disability benefits
If your injury or illness prevents you from working temporarily or permanently, you may qualify for disability benefits:
Temporary Total Disability (TTD): Covers lost wages if you're unable to work for a short period.
Permanent Total Disability (PTD): Provides ongoing financial support for injuries that permanently prevent work.
Partial Disability Benefits: Covers wage loss if you can work but in a reduced capacity.
Wellness benefits
Survivor benefits
Survivor benefits are available for the family members and/or dependents of employees who passed due to workplace injuries. These may include funeral expenses and ongoing financial support for family members.
Unemployment Insurance (UI)
If you’ve lost your job through no fault of your own, unemployment insurance (UI) can provide temporary financial support while you search for new employment.
Employer-sponsored benefits
Employer-sponsored programs can include a wide range of benefits aimed at improving employee well-being and securing their finances.
Health insurance options for workers
Most employers offer group health insurance plans that cover medical, dental, and vision care. Common plan types include:
Health Maintenance Organization (HMO)
Preferred Provider Organization (PPO)
High-Deductible Health Plans (HDHPs) with Health Savings Accounts (HSAs)
Flexible Spending Accounts (FSAs)
FSAs allow employees to set aside pre-tax dollars to cover eligible out-of-pocket expenses, including:
Medical expenses not covered by insurance (e.g., co-pays, prescriptions)
Dependent care expenses for children or elderly dependents
FSAs have annual contribution limits and a "use it or lose it" policy, so planning is key.
Health Reimbursement Arrangements (HRAs)
Health Reimbursement Arrangements (HRAs) are employer-funded accounts designed to reimburse employees for qualified medical expenses. HRAs provide financial support, particularly for employees with high out-of-pocket healthcare costs or those enrolled in high-deductible health plans.
