The 9/11 compensation fund has been providing financial assistance to the victims of the 9/11 attacks. It was established by Congress in the aftermath of the terrorist attacks that killed almost 3000 people in 2001. Grief counselors, psychologists, and social workers continue to assist 9/11 victims and their family members who have difficulty dealing with their emotions and stress following the tragedy. There are several advantages of this program over other methods of receiving compensation which include;
1. Financial assistance
Source: mn.gov
The advantage of this program is that it provides financial assistance for families who have lost loved ones during 9/11. This includes direct payments to individuals or their estates and payments made on behalf of multiple individuals who shared a single family member’s death certificate. Victims may also receive death benefits if they cannot return home after being injured in the attacks. In addition, survivors may receive life insurance benefits if they lost their spouse or child during 9/11.
2. No-Fault System
The no-fault system is one in which the insured person or their spouse, if applicable, can collect benefits regardless of fault. This is significant because it means that compensation will be paid irrespective of whether there was a crime or wrongdoing on the employer’s part or whether they were at fault. The no-fault system also helps prevent fraud and abuse. If someone claims to have been injured due to 9/11 and later turns out to have not been injured, it would be difficult for them to get any money from their claim. If, however, they were injured due to 9/11 and the insurance company finds out about this after the fact, then this would not be considered fraud or abuse because it was unintentional.
3. Medical expenses
The 911victimattorney.com also covers medical expenses such as medical bills and treatment costs if you were injured due to 9/11 or the response efforts by first responders during the aftermath of these events. If you suffer permanent disability as a result of these events, then your benefits may include lifetime monthly benefits regardless of how long you have been out of work due to your injury or illness caused by 9/11-related events.
4. Protection from future litigation
If you were injured on 9/11 and have already filed a lawsuit against an airline or another defendant in court, you can rest easy knowing that your claim will be paid without further delay after receiving compensation through this program. This prevents you from continuing to fight with the courts over what should be yours.
5. Lifetime medical monitoring
The 9/11 Compensation Fund will provide lifetime medical monitoring for all responders, victims, and family members who were injured or killed as a result of the terrorist attacks of September 11, 2001. The monitoring is provided through the World Trade Center Health Program (WTC Health Program), a federally administered program that provides free medical treatment and disease management to most WTC workers involved in cleanup and recovery operations at Ground Zero after the 2001 attack. The program includes cancer screening, fitness testing, wellness visits, and other services. All survivors are also covered under funding for behavioral health services and counseling, including mental health support, addiction treatment, grief counseling, and legal assistance.
6. Reducing stress for victims
Source: verywellmind.com
The 9/11 compensation fund helps reduce stress for victims by providing them with a sense of fairness and security and ensuring that all victims receive equal treatment by the government and insurance companies involved in this process. This can help prevent some people from taking their own lives out of despair over what they believe is an unfair system where some people get more than others due to their wealth or status.
7. Better outcome
9/11 compensation fund provides better outcomes for everyone involved in this case than if each plaintiff had their lawsuit against different defendants in court. By having one lawsuit for everyone, there will be more money available, including more money for medical expenses, emotional counseling, and other expenses that arise from losing someone close to you during such an event as 9/11 for many people in America at that time.
8. Relief from uncertainty
The uncertainty many people face after losing loved ones in an accident or other tragedy is often overwhelming. Because Congress has set up the 9/11 compensation fund, there is no longer any doubt about how much money will be distributed to each individual victim. This makes it easier for families to get on with their lives and focus on healing instead of worrying about finances or whether they are eligible for help.
9. Confidentiality and Privacy
Source: nytimes.com
The 9/11 compensation fund provides its members with confidentiality and privacy. The confidentiality of the members of the 9/11 compensation fund is ensured by their identities being kept secret. This can be done by keeping the victim’s identity hidden from public view. The victims are not required to disclose any information regarding their financial status, medical status, or other personal details that may be used against them during litigation.
10. Reduced administrative burden
The 9/11 compensation fund is administered by the Administrator for Victims of Terrorism, appointed by the President, and confirmed by the Senate. The Administrator is a federal employee with no power to enforce claims against an individual or entity. Instead, they serve as administrative liaisons between victims and their claims. This means that all decisions the administrator makes are subject to appeal in federal court and can be reviewed by anyone with a lawsuit against the government.
No estate tax liability
The most important advantage of the 9/11 compensation fund is that there is no estate tax liability on the benefits paid out by the fund. So, if you die, your family will not have to pay taxes on any money received from this fund. This is especially important for families who have lost loved ones in the attacks or were seriously injured due to their injuries.
Finally, the fund is serving a lot of advantages to the victims affected by the 9/11 event. It has provided the victims an alternative for getting back on track. With the help of this fund, victims are back to their normal and can expect a prosperous future.
