Benefits Application

Annual Interest Rate Calculator

This calculator is meant to provide calculation assistance to determine the amount of interest owed to an injured worker on any past due benefits.

* Required fields are indicated with an asterisk

Name:

*Bi-Weekly benefit amount that should have been paid:

Enter bi-weekly amount owed.

*Bi-weekly amount that has been paid:

Enter actual bi-weekly paid.

*Beginning date of unpaid benefits:

*Ending date of unpaid benefits:

*Date benefits were or will be paid:

Annual Interest rate:

Current statutory rate is 8%.

Number of days benefits are due:

Number of days benefit not paid when due:

Total bi-weekly benefits accrued through:

Total interest accrued through:

Total benefits and interest accrued:

Daily interest after: