Ohio Workers’ Compensation FAQs — When Should You Settle a Workers’ Compensation Claim?
Deciding whether or not you should settle your workers’ compensation claim is not a decision that should be taken lightly. There are many different factors that you need to consider, and no two cases are the same. It is important to go over all your options — and consult with an experienced workers’ compensation attorney — before you make any decisions.
Settling is quick and easy and it guarantees you benefits without the risk of a trial. But, you give up your right to future medical treatment for your injury, so if you do end up needing additional medical care, you’ll have trouble getting your insurance to cover it.
When Should You Settle a Workers’ Compensation Claim?
When should you settle your workers’ compensation claim? This varies from case to case, but a few of examples of when settlement is a viable option are:
- If you have reached a medical plateau when treatment is not helping
- When recovery has been accomplished and there is no need for further treatment
- When you have a number of older but still viable claims
- When it is becoming increasingly difficult to secure further compensation, medical treatment, or other benefits
- When you’re contemplating retirement or moving out of state, or are experiencing serious illness or advanced age (Note: generally, no benefits can be paid to your family after death)
- When you’re collecting permanent total disability and want to reduce annuity payments to cash
- If you’re involved in a court case and what injuries to consider in the claim are being 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.
If you have an existing workers’ compensation claim and you are considering settlement, please contact Brian and Bruce Taubman at Taubman Law for a free, no-obligation consultation to help you identify the pros and cons of your specific situation. Protect your rights and get the compensation you deserve.
This post was written by Cleveland attorney Bruce Taubman, who practices workers’ compensation, personal injury, and medical malpractice throughout Ohio.
Taubman Law primarily practices in personal injury, medical malpractice, workers’ compensation law, and employment discrimination throughout Northeast Ohio and beyond. For more than 40 years, the Taubman Law Family has been helping our clients receive the compensation that they deserve. Come and see us at our Ohio City office (1826 West 25th) for a free consultation or contact us here to set up an appointment. A lawyer who cares is right around the corner. Taubman Law — Smaller, Smarter, Better.