Can a workers compensation claim be settled for a lump sum?
Yes. It is common to enter into what is known as a Compromise and Release Settlement Agreement with your employer and the workers’ compensation insurer, which is a lump sum settlement of benefits. In appropriate cases, medical benefits may be retained into the future even though the wage claim is settled in a lump sum. In virtually every case the involvement of a lawyer in the negotiation of such a lump sum settlement is advisable.
Related Questions
- Where a workers compensation claim settled prior to January 1, 2006, can the injured party use the Medicare Set-aside funds to pay for prescription drug expenses related to the workers= compensation injury?
- Where a workers compensation claim settled prior to January 1, 2006, can the injured party use the Medicare Set-aside funds to pay for prescription drug expenses related to the workers compensation injury?
- Does the Medicare program have a claim against a lump sum workers compensation payment before an injured partys Medicare entitlement?
