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REMINDER OF JULY 1, 2022 CHANGES IN INDEMNITY AND DEPENDENCY SPOUSAL CAPS
Friends,
Just a reminder that effective Friday, we have newly established caps for TTD, TPD, PPD and the maximums for Spousal dependency benefits of sole primary beneficiary. For dates of accident after July 1, 2022, the maximum rates for indemnity are as follows:
- TTD goes from a maximum of $675 per week to $725,
- TPD goes from a maximum of $450 per week to $483, and
- PPD goes from a maximum of $675 per week to $725 due to the above changes in TTD rates.
Also effective July 1, 2022 is a change in the maximum benefit payable to a surviving spouse with no other dependents. This figure goes from a maximum cap of $270,000.00 to $290,000.00 for dates of accident on or after July 1.
Sincerely,
Levy, Sibley, Foreman, & Speir, LLC
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