Occupational Coverage and Tax Treatment
Chapters in this video
What this video covers
- How occupational and nonoccupational coverage differ, and why a workplace injury does not guarantee coverage under every policy
- Why a workers’ compensation claim does not satisfy a private disability policy’s waiting period
- How offsets, exclusions, and late workers’ compensation awards interact with private disability benefits
- How employer-paid and employee-paid premiums affect the taxable and generally excluded portions of a disability benefit
- How fixed payments for permanent loss or disfigurement differ from income replacement and taxable light-duty wages
- How to calculate the 7.5% adjusted gross income (AGI) threshold for eligible, unreimbursed medical expenses
- Why medical expenses reimbursed tax-free cannot also be claimed as a deduction
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