The options for a workers’ compensation settlement varies from case to case. A few examples of when settlement is a viable option includes:
- If you have reached a medical plateau when treatment is not helping
- When a good recovery has been accomplished and there is no need for further treatment
- When you have several older, but still viable claims
- When it is becoming increasingly difficult to secure further compensation, medical treatment, or other benefits
- When you are contemplating retirement or moving out of state, or is experiencing serious illness or advanced age (generally, no benefits can be paid to the injured worker’s family after death)
- When you are collecting permanent total disability and want to reduce annuity payments to cash
- Cases in court where the issues of what injuries to consider in the claim are contested
There are also a variety of circumstances in which settlement may not be appropriate. Remember, a settlement is full and final, which means that once the claim is settled you are no longer eligible for any compensation or medical benefits from your workers’ compensation claim.
Work with a Workers’ Compensation Lawyer to Find out if Settlement is Right for You
If you have an existing workers’ compensation claim and you are considering settlement, it’s time to talk to an expert. Contact Taubman Law for a free consultation to help you identify the pros and cons of your workers’ compensation situation.