Thursday, May 16, 2013

Workers’ Compensation Benefits May be Paid by Direct Deposit or Prepaid Benefit Card Account


Effective July 1, 2013 if a claimant consents in writing, the carrier may pay the employee’s weekly temporary benefits by means of direct deposit or with an electronic prepaid benefit card account.  The statute states that prepaid benefit card accounts shall not be used to pay permanent impairment benefits or lump sum benefits.  The issuer of the card shall comply with consumer protection laws that apply to payroll account cards. 

The full text of the Act is located here: http://www.leg.state.vt.us/docs/2014/Acts/ACT006.pdf