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#7290492 - 01/09/13 Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed
Miss Lynn Offline
Campfire 'Bwana

Registered: 12/07/04
Posts: 10336
Loc: Home
Is it true that when an insurance company pays you for lost wages and bodily injuries that they are to hold back 20% of the total amount settled upon ? And if so what is it for ? The USAA adjuster could not tell me for some strange reason. Quite truthfully I am beginning to lose it bigtime with these [bleep] !

Thanks,

Lynn

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#7290592 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
MColeman Offline
Campfire 'Bwana

Registered: 07/15/04
Posts: 13250
Loc: Greenville, AL
I don't know the answer to this. If it is lost wages then it stands to reason that your wages are taxable so this payment may well be taxable. Somebody else will have to provide the answer to this. Sorry.

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#7290611 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: MColeman]
isaac Offline
Campfire Oracle

Registered: 07/15/06
Posts: 57326
Loc: Northern Virginia
Lost wages paid are a taxable event and are to be included just as though they were regular wages.

Does the problem extend beyond that, Lynn?
_________________________
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward





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#7290622 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: MColeman]
Miss Lynn Offline
Campfire 'Bwana

Registered: 12/07/04
Posts: 10336
Loc: Home
Originally Posted By: MColeman
I don't know the answer to this. If it is lost wages then it stands to reason that your wages are taxable so this payment may well be taxable. Somebody else will have to provide the answer to this. Sorry.


It is lost wages and bodily injury, pain and suffering. She said it is not for taxes, just something they do, and she doesn't know why. I was mad, but instead of blowing I just said I would get back to her tomorrow to continue the conversation.

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#7290629 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
isaac Offline
Campfire Oracle

Registered: 07/15/06
Posts: 57326
Loc: Northern Virginia
Are there any liens against the settlement?

Is USAA paying your claim from an incident that occurred while you were visiting the US?


Edited by RISJR (01/09/13)
_________________________
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward





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#7290630 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
byc Offline
Campfire Oracle

Registered: 04/26/09
Posts: 26370
Loc: VA 2 SC
Why did you only ask them 3? I ain't everybody. cry

BTW I don't have a clue. Sorry.


Edited by byc (01/09/13)
_________________________
"Any FOOL can see what's wrong. But can YOU see what's right?"
....................................Winston Churchill

Proud to be a true Sandlapper!!

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#7290645 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: isaac]
Miss Lynn Offline
Campfire 'Bwana

Registered: 12/07/04
Posts: 10336
Loc: Home
Originally Posted By: RISJR
Are there any liens against the settlement?


No Sir, not a one....

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#7290656 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: isaac]
Miss Lynn Offline
Campfire 'Bwana

Registered: 12/07/04
Posts: 10336
Loc: Home
Originally Posted By: RISJR
Are there any liens against the settlement?

Is USAA paying your claim from an incident that occurred while you were visiting the US?


Yes, while I was staying there, it occurred on June 11, 2012, in the state of Alabama.

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#7290661 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: isaac]
catman925 Offline
Campfire Regular

Registered: 05/29/12
Posts: 688
sombody slipp on chjicken blod at wallmart an nest think tehy r gunna be a gazillioner. old gal lisa proctXXX (i preserf her ananominity] }did saym an she got her a 01 lexxis she blowd th rest on gorgia lotto tix

had to fix my bad


Edited by catman925 (01/09/13)
Edit Reason: gorgia
_________________________
I got hooked on phonics
Guess my IP now fistphuckology!

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#7290679 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
isaac Offline
Campfire Oracle

Registered: 07/15/06
Posts: 57326
Loc: Northern Virginia
Originally Posted By: Miss Lynn
Originally Posted By: RISJR
Are there any liens against the settlement?

Is USAA paying your claim from an incident that occurred while you were visiting the US?


Yes, while I was staying there, it occurred on June 11, 2012, in the state of Alabama.


===============

Could it have something to do with Canada mandates and USAA is simply complying with the laws of your country?
_________________________
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward





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#7290702 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
ironbender Offline
Campfire Oracle

Registered: 12/08/03
Posts: 44346
Loc: In the shadow of the Kenai Mtn...
Originally Posted By: Miss Lynn
The USAA adjuster could not tell me for some strange reason.


Did you ask to speak with that person's supervisor?
_________________________
If you take the time it takes, it takes less time.
--Pat Parelli

American by birth; Alaskan by choice.


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#7290718 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: ironbender]
isaac Offline
Campfire Oracle

Registered: 07/15/06
Posts: 57326
Loc: Northern Virginia
My guess it's some sort of protection (believe it or not) from dual taxation on that portion of the award/settlement that might be a taxable event.
_________________________
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward





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#7290802 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: ironbender]
fish head Offline
Campfire Kahuna

Registered: 03/13/06
Posts: 15996
Loc: Colorado Front Range
Originally Posted By: ironbender
Originally Posted By: Miss Lynn
The USAA adjuster could not tell me for some strange reason.


Did you ask to speak with that person's supervisor?


Call USAA, talk to their settlement(?)claims(?) dept, and keep going up the food chain until you get an answer.

Then, ask for the explanation in writing.

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#7290811 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: ironbender]
Miss Lynn Offline
Campfire 'Bwana

Registered: 12/07/04
Posts: 10336
Loc: Home
Originally Posted By: ironbender
Originally Posted By: Miss Lynn
The USAA adjuster could not tell me for some strange reason.


Did you ask to speak with that person's supervisor?


No Sir, but I will tomorrow morning....

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#7290834 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
isaac Offline
Campfire Oracle

Registered: 07/15/06
Posts: 57326
Loc: Northern Virginia
USAA is one of the US of A's very best insurance organizations Lynn. I'm with them myself. I'm sure you'll have a perfect understanding of what occurred before you finish with your morning calls.

If you run into any jams,PM me to let me know and I'll see what I can find out for you.
_________________________
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward





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#7290853 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
1minute Offline
Campfire Kahuna

Registered: 01/28/01
Posts: 16804
Loc: Burns/Hines, Oregon, USA
No ideas, but someone in the ladder obviously should know. With no issues, is one expected to recover it at a later date?

Also, make sure one is not taxed for that sum until is passes through youre account.


Edited by 1minute (01/09/13)
_________________________
1Minute

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#7290887 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: isaac]
fish head Offline
Campfire Kahuna

Registered: 03/13/06
Posts: 15996
Loc: Colorado Front Range
I know there are circumstances where withholding taxes are required but in this case ... I dunno. I found this while searching the innanet.

http://answers.yahoo.com/question/index?qid=20060805190105AAx9AQi

IRS rules are a teensy bit complicated smile on this subject and a brief search didn't give any complete answers. When you factor in residing in the US and Canada it becomes even more complex.

A written statement from USAA would be the first step, AFAIK.

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#7290918 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: fish head]
ironbender Offline
Campfire Oracle

Registered: 12/08/03
Posts: 44346
Loc: In the shadow of the Kenai Mtn...
Originally Posted By: fish head
I found this while searching the innanet.

That's helpful. I hear there is no internet in Canada yet.
_________________________
If you take the time it takes, it takes less time.
--Pat Parelli

American by birth; Alaskan by choice.


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#7290919 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
ironbender Offline
Campfire Oracle

Registered: 12/08/03
Posts: 44346
Loc: In the shadow of the Kenai Mtn...
Originally Posted By: Miss Lynn
Originally Posted By: ironbender
Originally Posted By: Miss Lynn
The USAA adjuster could not tell me for some strange reason.


Did you ask to speak with that person's supervisor?


No Sir, but I will tomorrow morning....

step 1, IMO.
_________________________
If you take the time it takes, it takes less time.
--Pat Parelli

American by birth; Alaskan by choice.


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#7290930 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
boilerpig1 Offline
Campfire Guide

Registered: 08/21/04
Posts: 2754
Loc: Texas
My sister works there. I will present your question to her.

BP...
_________________________





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#7290935 - 01/09/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: ironbender]
fish head Offline
Campfire Kahuna

Registered: 03/13/06
Posts: 15996
Loc: Colorado Front Range
Originally Posted By: ironbender
Originally Posted By: fish head
I found this while searching the innanet.

That's helpful. I hear there is no internet in Canada yet.


They got it. It's only dial-up through AOL though. grin

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#7291031 - 01/10/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: ironbender]
Miss Lynn Offline
Campfire 'Bwana

Registered: 12/07/04
Posts: 10336
Loc: Home
Originally Posted By: ironbender
Originally Posted By: fish head
I found this while searching the innanet.

That's helpful. I hear there is no internet in Canada yet.


That's not true, if we can keep the beaver thawed out, off the beer and on his wheel, we got innanet, Eh ?

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#7291034 - 01/10/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: Miss Lynn]
AJ300MAG Offline
Campfire 'Bwana

Registered: 12/26/02
Posts: 11889
Loc: MBS, MI
I can bust a few knee caps and get you full payment... for 10%

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#7291036 - 01/10/13 Re: Mickey ! Steve ! Bob ! Everybody ! Insurance Claim Help Needed [Re: boilerpig1]
Miss Lynn Offline
Campfire 'Bwana

Registered: 12/07/04
Posts: 10336
Loc: Home
Originally Posted By: boilerpig1
My sister works there. I will present your question to her.

BP...


Thank you ever so much, I would appreciate that smile

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