Settling Your Workers’ Compensation Case
You may be wondering when is the right time and what you should expect to receive as settlement of your case. As each person is different, each case is different and unique. If you have reached maximum medical improvement and there no further substantial medical treatment needed, then it may be the right time to consider settling your case.
Basics About Settling Your Workers Compensation Case
- Settlements are based on your weekly compensation rate for a period of time into the future, along with the cost of future medical treatments and prescription drugs.
- The best time to settle your case is before you lose your benefits.
- Often, injured workers would rather have a lump sum of money rather than continue receiving weekly benefits. You should know all the benefits that you are entitled to under the Workers’ Compensation Act before you settle.
- Once your case is settled and approved by the judge, it is usually too late to undue it.
- It is important that your settlement agreement consider your pension, short term disability, long term disability and social security disability benefits, and provides language that protects and maximizes your benefits.
- Unfortunately, settlements are not based upon your pain, but any settlement should consider the cost of future medical treatment if needed.
Advantages Of Accepting A Settlement
- You will receive a lump sum of money and do not have to worry about future payments arriving in timely manner.
- You do not have to deal with the stress and threats from the insurance adjuster or case manager.
- You no longer have to worry about your benefits being reduced, cut off or terminated.
- You won’t face the stress, delay,and uncertainty of going to court, which can be a lengthy process.
How do I know if I should contact a lawyer? The insurance company doesn’t represent you! They may not fairly consider your best interest or do what’s best for you. Your lawyer only represents you! His goal is to help you to get all that you’re entitled to and ensure it is legally documented.
When is the best time to settle my case? The best time to settle your case is before you lose your benefits or before they are terminated.
Attorney Fees No money is needed to start the process. You pay no fee unless you agree to settle your case. The state of Michigan sets forth the attorney fees when your case is settled.
What happens after I call your office?
We offer every person that calls a FREE consultation. With over 40 years of experience, we know what’s in your best interest and will be able to provide you expert advice.