Structured Settlements Definition

Without the settlement funds the injured employee would have to turn to medicare medicaid or other public aid to cover health care and living expenses. Payments can be customized.

Eps Workers Comp Book 2014 Pages 101 146 Text Version

Sedgwick Answers Questions About Structured Settlements Pdf

Structured Settlement Settlement Annuity Quest Settlements

There are different types of payment streams that can be tailored and combined to meet a workers compensation claimants current a future needs stable income.

Structured settlement and workers compensation. Conceptually workers compensation payments are intended to be partial replacement of income covering present and future lost earnings resulting from a workplace injury on the job injury or illness. Structured settlements offer protection against future loss or dissipation of funds. A structured settlement enables workers compensation payments to be tailored to better suit the needs of the injured worker. Workers compensation structured settlement payments are very difficult if not impossible to sell to factoring companies in. In workers compensation there are many ways upon which an injured worker can settle their case. Work with seattle structured settlement attorneys who have years of experience handling workers compensation cases. Contact our seattle based law office at 206 623 5311. Why structured settlements are the right choice for workers compensation claims. In some cases such as if the worker is able to be rehabilitated and return to work the structured payments may cease after a period of time. Our attorneys fight aggressively to obtain the full compensation possible for our clients under workers compensation laws according to their specific disability. Workers compensation injuries involving. Payment flexibility allows parties the freedom to tailor payments to meet current and future needs. In california workers compensation law there is the provision to allow injured workers to settle their cases via a compromise and release. Structured settlements can be beneficial in resolving workers compensation claims involving medicare set asides msas according to industry experts. A structured settlement is financial agreement for a series of periodic payments an injured person receives over a set time period or over the persons life time to settle any legal obligation including a workers compensation claim.

The state benefits because a structured settlement makes it less likely that the injured employee will rapidly spend their entire workers compensation award and run out of money. A structured settlement can make payments for a stated period of time or can last an entire lifetime. Workers compensation structured settlements after a workplace injury you may file a workers compensation claim and be awarded a structured settlement with regular monthly payments. In lay terms it is commonly referred to as a buy out or a cash out.