TD Rates Going Up in 2022!
Alrighty, dear readers, its Wednesday! And, of course, not just any Wednesday – tomorrow is Thanksgiving, and, for many of us, Thanksgiving technically begins today – some of us can be thankful for our schools closing the day before Thanksgiving.
Well, as so many of us have our eyes firmly fixed not on tomorrow’s literal gravy train but on the stroke of midnight separating 2021 and 2022, it only makes sense to look to the future. After all, perhaps once we are in 2022 all the ancient curses we have been living through these past two years or so will finally be lifted!
So, one thing to bear in mind as the years winds down is temporary disability rates. That’s right, dear readers, the maximum rate for TD is going up. Effective January 1, 2022, the minimum TD rate will go from $203.44 to $230.95 and the maximum TD rate will go from $1,356.31 to $1,539.71. If you have a file with either minimum or maximum TD rate being paid right now, you may want to review it for an increase.
Friendly reminder, dear readers, that an increase in the maximum TD rate is not necessary if payment is made within two years of the date of injury.
So, dear readers, your humble blogger urges you to calendar late December to make sure you have scheduled increases in TD rates for all your files that need them, and also urges you, with equal aplomb, to have a peaceful and grateful Thanksgiving.