If you have a Work Injury and/or were hurt at work and have been receiving Workers’ Compensation benefits or are attempting to get work comp you may be entitled to a lump sum settlement. If you have been receiving Workers’ Compensation benefits for 4 months or longer you may be entitled to a lump sum settlement. How does that work?
Generally, if you suffered a work injury, an injury that happened during the course and scope of your employment (and arising thereto-as the law says) you are entitled to receive payment for lost wages and medical bills. If you miss work due to being hurt at work you should be already getting paid weekly (or biweekly) checks called indemnity or lost wage payments. These checks are less than what you were making at the time of your injury but they are not taxable. These lost wage checks are for payment of your work injury and are a percentage of your wages based on a calculation under the Workers’ Compensation Act. No taxes are taken out of your workers’ compensation checks and you don’t have to pay taxes on those checks. These are payments for your disability that has caused you a loss in earnings or loss in earning power.
In addition any medical treatment you receive from health care providers for your work injury, hospital bills, diagnostic studies, prescriptions, physical therapy, doctors visits, etc… should also be paid by your employers workers’ compensation insurance carrier.
If you are hurt at work, hurt on the job, or suffered a work injury you should be receiving those lost wage and medical benefit payments. If you are not or are getting benefits and are interested in learning about a lump sum settlement you should contact the experienced legal team of staff and attorneys at Dugan & Associates, Lawyers Representing Inured People 1-800-772-5422 or online using our contact form.
A lump sum settlement of your workers’ compensation benefits generally means you are giving up your right to receive any additional wage loss checks and often times giving up medical payments in exchange for a lump sum payment. However, settling your case can be tricky and you don’t want to be taken advantage by the work comp carrier. They know the laws and rules and you don’t. You want to protect your self as much as possible given the law and circumstances of your case.
Find out if a lump sum settlement is right for you or your loved one who was hurt on the job and suffered a workers’ compensation injury. Contact Dugan & Associates today. Call now 1-800-772-5422. We Fight For The Check You Deserve! And remember there is no fee unless we get you the money or benefits you deserve.