If you are receiving benefits, you may be entitled to a lump sum settlement from the insurance company. Insurance companies prefer that you not have an attorney so that they can settle your case for less money. Only an attorney who is experienced in workers’ compensation cases will be able to accurately tell you how much your case is worth, and make sure the insurance company pays you everything that you’re entitled to. In fact, in most cases an experienced attorney will be able to obtain a larger lump sum for you, even after the deduction of attorney’s fees then you would be able to obtain by settling your claim on your own.
The settlement of a workers’ compensation claim can also be much more complicated than it first appears. This is especially true if you are receiving, or may become eligible for, Social Security disability, retirement, or Medicare benefits; if you have received short-term disability or long-term disability benefits; or if some of your medical bills have been paid by private health insurance, Medicare, Medicaid, Public Assistance, or some other insurance program. If any of these benefits or insurance programs are or may be involved, and they are not properly accounted for in the settlement, you may unintentionally lose those benefits or insurance programs, or, worse, have to pay them back for payments that they have made. Before you sign any type of settlement agreement, you should, therefore, consult with a workers’ compensation lawyer.
If you have any more questions or concerns, please call us for a free consultation.