Benefit Buddy™ Efficiency Software For Claims Professionals |
MULTI-STATES SOFTWARE ANNUAL PRESENT VALUE CALCULATOR The Annual Present Value Calculator is designed specifically for calculation of annual present values based on specific rates that may be required, eg. 4.27%, 4.29%, etc. TEMPORARY PARTIAL DISABILITY CALCULATOR Troublesome and multi-step math functions required to calculate weekly TPD payments have been made easy. After input of average weekly wage and earned amount for week, one click will perform all calculations and allow appropriate payment, but no more than maximum allowable amount for the date of injury. Capability to easily add penalty to payment and applicable attorney fees. Interest and penalty alert. Add interest and penalties to late payments. Specific 80/80 formula for calculation of Florida benefits. The Temporary Partial Disability Calculator is excellent for auditing prior payments. MULTIPLE PPD RATINGS CALCULATOR Expanded capability. Multiple PPD Ratings Calculator adds the capability to simultaneously compute multiple PPD ratings to various body parts and add total to reserve or settlement evaluation or to pay lump sum or start weekly PPD payments. Specific formulas for Alabama and Florida. One Click to obtain present value of PPD Benefits. The Multiple PPD Ratings Calculator is excellent for auditing prior payments. INTEREST/PENALTY PAYMENT CALCULATOR (Florida) The Interest/Penalty Payment Calculator is designed specifically for the calculation of daily interest and penalties on late payments when interest owed is determined based on the number of days the payment is being made beyond the date due. This is an excellent calculator for calculation of late payments in Florida and any other state utilizing this method for late payments. The Interest/Penalty Payment Calculator is excellent for auditing prior payments. AVERAGE WEEKLY WAGE CALCULATOR The Average Weekly Wage Calculator is designed specifically for the determination of the date range for wages to complete an Average Wage Form and for the input of weekly or bi- weekly wages. Wage Statement will automatically complete with ability to print and save. Excellent for verifying the accuracy of previously completed Average Weekly Wage Statements. PRESENT VALUE OF DOLLARS CALCULATOR Accessing the Internet, confusing interest rate tables and math formulas are no longer needed. The Present Value of Dollars Calculator allows you to input the total amount of future dollars, payment weeks and user selected interest rate to obtain the present value of future dollars. BENEFITS DUE CALCULATOR Multiple calendars and the wheel are no longer needed. Benefits Due Calculator is designed specifically for the calculation of disability periods based on a 6,5,4,3-day workweek or a 7-day calendar week. Input of the pay from date and pay thru date will automatically calculate the number of days and weeks for the period. The user will then have the option of entering the weekly compensation rate to obtain the total estimated payment for the period. Multiple periods can be calculated and totaled. Benefits Due Calculator now has a built in penalty alert feature. Based on user selected parameters, calculator will alert user when penalties are potentially owed. User will have the option of adding interest or penalty to payment. User will also have the option of applying attorneys fees. User can now select any combination of days off, e.g., Sunday and Thursday, etc. The Benefits Due Calculator is excellent for auditing prior payments. MEDICAL BENEFITS CALCULATOR The Medical Benefits Calculator is designed specifically for the calculation and itemization of anticipated medical expenses or annual cost of treatment over a given number of years or lump sum. One click to add inflation. EASY! One click to obtain present value of projected medical. ADVANCED MEDICAL BENEFITS CALCULATOR The Advanced Medical Benefits Calculator is designed specifically for the calculation and itemization of anticipate medical expenses over different time periods for certain treatments on either an annual or lifetime basis. EASY! One click to add inflation and or obtain present value of projected medical. Plus, ability to customize labels. MEDICARE PART D CALCULATOR The Medicare Part D Calculator is designed specifically for the calculation of a beneficiaries estimated out of pocket annual and lifetime pharmacy costs. This calculator is also particularly useful when a claimant is not yet Medicare Eligible, but future pharmacy costs are anticipated. At some point perhaps years down the road, the claimant might become eligible for Medicare coverage and enroll in a pharmacy plan. The Medicare Part D Calculator will help in the estimation of this exposure. DEPENDENCY BENEFITS CALCULATOR (Death Benefits) FLORIDA PERMANENT TOTAL CALCULATOR IMPROVED The Dependency Benefits Calculator is specifically designed for the determination of dependency death benefits based on the age of the surviving spouse or dependent. Given input of the birthday, the calculator will determine current age; further input of the payment duration in years, the calculator will determine number of years/weeks remaining to reach benefit termination; further input of the weekly compensation rate will display amount of remaining benefits. One click to apply applicable COLA. EASY! One click to obtain present value of remaining benefits. PLUS! Excellent for determining remaining work life projections on wrongful death claims. WEEKS/DAYS BETWEEN CALCULATOR Timely manual counting is no longer necessary. The Weeks/Days Between Calculator performs the specific function of calculating the number of days and weeks between two dates, e.g., Georgia - number of weeks remaining pursuant to filing of a WC 104 for conversion of benefits from TTD to TPD. MEDICAL INFLATION CALCULATOR The Medical Inflation Calculator is designed to estimate total cost of medical treatment over a stated number of years that factors in a user entered rate of inflation. The user will input the projected inflation rate, annual cost of medical, duration of payments (years) and the calculator will apply inflation and display an itemization of medical cost for each year of eligibility as well as a yearly aggregate. FUTURE BENEFITS CALCULATOR The Future Benefits Calculator is designed specifically for the calculation of estimated future payments of disability benefits and impairment ratings. This calculator includes the Georgia Workers’ Compensation loss of use of specific members table. PRESENT VALUE CALCULATOR The Present Value Calculator is uniquely designed to determine life expectancy as well as present value of lifetime benefits. Selection of gender and input of age will instantly display life expectancy. The user will then have the option of entering the weekly compensation rate to instantly obtain the total amount of lifetime benefits and the option to select an interest rate to obtain the present value of those benefits. Capability to input age or date of birth. Specific life expectancy table and 6% present value rate for Alabama. WEEKS CALCULATOR Multiple calendars are no longer needed. The Weeks Calculator is designed specifically for the calculation of weeks. In situations when a maximum duration of weekly payments will apply, input the date of injury and the maximum duration of weeks, and the calculator will automatically calculate the number of expired weeks and remaining weeks. The user will then have the option of entering the weekly compensation rate to obtain a total of remaining benefits. EASY! One click to obtain present value of remaining benefits. COLA CALCULATOR FLORIDA SUPPLEMENTAL CALCULATOR IMPROVED The Cola Calculator is designed to estimate total cost of weekly wage payments over a stated number of years that factors in a user entered cost of living/supplemental adjustment. The user will input the projected annual cost of living/supplemental adjustment, weekly wage rate, duration of payments (years) and the calculator will apply the adjustment and display an itemization of wages for each year of eligibility as well as a yearly aggregate. PRIOR SUPPLEMENTAL CALCULATOR (Florida) NEW! The Prior Supplemental Calculator is designed specifically to calculator supplemental benefits from the date of injury or another award date to the current date. SETTLEMENT DISTRIBUTION CALCULATOR The Settlement Distribution Calculator is excellent for calculating the weekly payout of settlement dollars over the recipient's lifetime. NOT INCLUDED IN EVALUATOR COPY. JUDGMENT OR LUMP SUM PENALTY/INTEREST CALCULATOR The Judgment or Lump Sum Penalty/Interest Calculator is excellent for calculating and adding daily interest to judgments or lump sum payments when not paid when due. NOT INCLUDED IN EVALUATOR COPY. EXTRA BONUS Benefit Buddy Software also contains a Multi-State listing of maximum and minimum weekly benefits charts. It also includes a visual display Multi-States Compensation impairment schedules. Due Date Calculator - Designed specifically to add days to a starting date to determine when a filing or payment will be due, e.g., date to start TTD payments or date an appeal filing is due. Benefit Buddy Software offers many more user friendly features and capabilities. Copyright © 2004 - 2015 All Rights Reserved |