Maximum and Minimum Benefit Rates Update

Iowa has released the new Maximum and Minimum Benefit Rates under ICA §§ 85.31, 85.34, 85.37, 85.61(9) for injuries occurring July 1, 2015 through June 30, 2016.

The injured employees weekly benefit rate is based on 80% of the employee’s weekly spendable earnings but is not to exceed the maximum allowable weekly rate at the time of the injury.

Maximum weekly rate for TTD, HP, PTD and death benefits is $1,628.00.

Maximum weekly rate for PPD benefits is $1,498.00.

The minimum weekly benefit amount for TTD or HP is equal to either the weekly benefit amount of a person whose gross weekly earnings are 35% of the statewide average weekly wage or the spendable weekly earnings of the employee, whichever is less. The minimum weekly benefit amount for PPD, PTD or death benefits is equal to the weekly benefit amount of a person whose gross weekly earnings are 35% of the statewide average weekly wage.

Statewide average weekly wage is $813.99.

35% of statewide average weekly wage is $285.00.

If you have any questions about the application of Maximum and Minimum Benefit rates please do not hesitate to contact a Baylor Evnen Iowa Workers’ Compensation Attorney at (402) 475-1075.