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jok3333 [9.3K]
2 years ago
5

A company reviewed their safety program and made improvements to seven different processes that had high injury records. after t

raining their employees on the new processes there were 80% fewer lost time injuries from the prior year. what type of benefit was this reduced lost time
Business
1 answer:
algol [13]2 years ago
5 0

Injury and illness prevention program is a proactive process to help employers find and fix workplace hazards before workers are hurt.

What is lost time at work?

Lost time is the amount of time an injured worker is unable to work as a result of a compensable injury.

Why is lost time important?

Indicators of how successfully your organization's safety requirements are being upheld include lost time injuries (LTIs). Your first priority should be worker safety, but an above-average incidence of LTIs might point to other possible issues like financial losses, regulatory noncompliance, and legal or civil liability.

What qualifies as a lost time accident?

When a worker suffers a lost time injury (LTI) that necessitates time away from work or the loss of productive work, a lost time incident occurs (absenteeism or delays). While lost time accidents can lower team morale, they can also be expensive in terms of compliance, downtime, and workers' compensation.

Learn more about lost time: brainly.com/question/14862454

#SPJ4

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Valentino is a patient in a nursing home for 45 days of 2017. while in the nursing home, he incurs total costs of $13,500. medic
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A person who purchases his/her own policy can exclude the benefits from gross income. It's also good to note tat statutory limitations exist for the following amounts:
Benefits that have been collected under the employer's plan
Premiums that have been paid by the employer
benefits that have been collected from the individuals' policy. Therefore the amount Valentino may exclude will be calculated as follows;
Daily statutory amount in 2017 (360*45)   $16200
Actual cost of care                                    $13500          $16200
Less: Amount received from Medicare                           ($8000)
Equal amount of exclusion                                              ($8200)
Thus:
Valentino must include (15000-8200)=$6800 of the long-term care benefits received in his gross income.


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