1. High future medical costs and no insurance to cover them.
A primary consideration in deciding whether or not to accept the settlement of your Workers' Compensation claim involves your projected future medical costs. If it is likely that you will need surgery, expensive medications, or other medical care following the date of your settlement it may not make sense to finalize your case. This is because almost all Workers' Compensation settlements involve a complete buy-out for both lost wages and future medical expenses. Once your case is settled, the insurance carrier is no longer liable for future medical expenses.
A primary consideration in deciding whether or not to accept the settlement of your Workers' Compensation claim involves your projected future medical costs. If it is likely that you will need surgery, expensive medications, or other medical care following the date of your settlement it may not make sense to finalize your case. This is because almost all Workers' Compensation settlements involve a complete buy-out for both lost wages and future medical expenses. Once your case is settled, the insurance carrier is no longer liable for future medical expenses.
