BENEFIT CALCULATION SOFTWARE - WORKERS’ COMPENSATION

• State-specific data built in for fast and easy indemnity benefit calculations
• Replace antiquated tools with fast and accurate state of the art software
• Increase accuracy, minimizing mistakes that can result in:
          -Applied interest
          -Levied penalties
          -Levied fines
          -Attorney involvement and associated costs

 

By using CIS software, claim handlers will spend less time calculating workers’ compensation benefits, and supervisors, managers and quality assurance personnel will spend less time auditing files.

Time Savings	One Adjuster Per Month	Ten Adjusters Per Month	One Adjuster Per Year	Ten Adjusters Per Year
1/2 Hour Per Day	$450	$4,500	$5,400	$54,000
One Hour Per Day	$900	$9,000	$10,800	$108,000

 

Workers' Compensation Calculators

• Average Weekly Wages - USL&H (Section 10A)
• Average Wage Calculator
• Inflation Factors - Cost of Living Adjustments (COLA)
• Life and Work Life Expectancy
• Medical Case Reserves - Future Medical Benefits
• Medical Set Aside
• Date/Time Calculator
• Present Dollar Value - Lump Sums or Accrued Amounts Paid Over Time
• PPD - Scheduled
• PPD / (Texas - IIB) - Unscheduled
• PTD / (Texas - LIB) - Permanent Total Disability
• Structured Settlement - Calculate Return on Today's Investment to be Paid Out at Some Future Date
• Structured Settlement - Calculate Total of Annualized Payments and Present Value
• Structured Settlement - Calculate Present Value of Balloon Payments to be Paid Out at a Future Date
• Structured Settlement - Structured Settlement Totals
• Survivor Benefits - Based Upon Survivor's Birth Date with Age Cap
• Survivor Benefits - Based Upon Start Date and Maximum Number of Weeks of Benefits Cap
• Survivor Benefits - Lifetime Benefits Based Upon Survivor's Present Age
• TPD / (Texas - TIB/SIB) - Temporary Partial Disability
• TTD / (Texas - TIB) - Temporary Total Disability
• Worksheet - Case Reserves / Incurred Loss

Read Benefit Calculation Software FAQs>>