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Video instructions and help with filling out and completing Can 8850 Form Compensation

Instructions and Help about Can 8850 Form Compensation

Hi and welcome to Hill and Ponton Social Security disability blog. I'm Natalia Joffrey, our Social Security section director, and I'm Shelly Mark, the senior social security attorney. So, we've been talking about workers' compensation and how it correlates with social security and how they can affect each other. In one of our prior videos, we had talked about how you can't receive more than social security and workers' comp combined, which is more than 80% of what your prior wage was. Okay, so what they're gonna look at is how much were you making before. People may wonder what that is based on. The truth is that, for the most part, they're gonna look at what benefits you the most, what gives you the highest monthly working wage. They're going to look at the 5 years before you became injured and they're going to pick the year that you made the most money in order to make that 80% calculation. Now, there's a difference between calculating the worker's comp and Social Security offset amount and what you're currently getting from workers' comp. This may get complicated, but I feel like I need to say this because workers' comp is going to initially pay you based on 80% of what you were currently making. What we're talking about is what are you gonna get, how are they going to calculate your offset when it's workers' comp and Social Security combined. So that's all I'm referring to. They're going to look at the five years before you stopped working and they're going to look at which was the highest year. That right off the bat can really benefit you because if you had five years where you were making $25,000 a year, but then you had a really good year and you made $60,000...