Understanding Lump-Sum Settlements
At some point after you file a workers’ compensation claim, the insurance carrier may offer you a lump-sum settlement. Should you take a lump-sum settlement if it is offered?
It depends. In some cases, it can make sense, while in others you are better off continuing to receive monthly benefits. A third option is that you may want to accept a lump-sum payout of lost wages, but elect to continue to receive workers’ compensation medical benefits. These financial and medical issues deserve careful consideration before you accept a lump-sum workers’ compensation settlement.
Western Pennsylvania’s Dedicated Workers’ Comp Attorneys
DeAngelis, Dastur & Associates, P.C., has been representing and advising injured workers in workers’ compensation claim matters since 1982. We are Certified Workers’ Compensation Specialists. We can explain the issues your case presents and help you make the right choice.
Helping You Obtain The Full Worth Of Your Claim
Our firm has advised a large number of people regarding the lump-sum question. Before speaking with us, very few, if any, of them had any idea of what their claim was worth. We can provide you with an objective and realistic understanding of what your claim is really worth. Then we can explain the financial and health care issues in your case so you can decide how to proceed.
Our goal will be to help you get the full value of your claim, while enabling you to get the medical care and services you need to recover to the fullest extent possible.
Getting The Medical Care And Benefits You Deserve
In Pennsylvania, both sides must agree to a lump-sum settlement. Our firm will carefully review all issues in your case. Before recommending that you accept a lump-sum payout, we will pay close attention to issues regarding possible liens that must be considered before settling (such as child support obligations, Medicare liens and others).
DeAngelis, Dastur & Associates, P.C., will work to maximize the value of your claim, while helping you get the medical care and benefits you deserve.