Greetings,

A few reminder notes for the PTD season:

1. Do not forget to adjust any PTD supplemental benefits effective 1/1/22.
   • Date of accident on/after 10/1/2003- it’s a 3% increase.  The formula is 3% x number of years since the accident x comp rate.   PTD supplemental benefits end at age 62 (unless the accident prevented them from being eligible for SSR or SSD).
   • Date of accident 1/1/94-9/30/2003- it’s a 5% increase.  The formula is 5% x number of years since the accident x comp rate.
     • If accepted as PTD before 62, PTD supps end at 62 (IF the claimant is eligible for
       both SSD and SSR)
     • If accepted as PTD between 62 and 65, no PTD supps until claimant reaches
       65, then supps for life
     • If accepted as PTD after 65, PTD supps for life
     • Yes that is confusing.  And somewhat stupid.
2. Also earmark any PTD claims with date of accident after 10/1/2003 that will be turning 75 in 2021.   PTD ends on 75th birthday (unless the accident prevented them from being eligible for SSR or SSD).
   • The exception is if the accident occurred after age 70, then PTD benefits are for 5 years.

Any questions, don’t hesitate to reach out to me.

Sincerely,

Morgan Indek | Managing Partner