Lump Sum Settlements For PA Work Comp
If you are an injured worker who has been off work for more than 4 months, you might be able to receive a Pennsylvania work comp lump sum settlement. This is also called a "compromise and release." Both of these terms mean the same thing.
A work comp lump sum settlement can include your future work comp payments for lost wages, future medical payments, or both. Instead of continuing to receive your work comp payments, you would take a one-time payment or "lump sum" to settle your Pennsylvania work comp claim.
Lump sum settlement for future lost wages
A lump sum settlement might be a good option for you. With a lump sum payment, you have your money and can move on with your life. If you are thinking about accepting a lump sum settlement, it's best to speak to a PA work comp attorney first.
Lump sum settlements for future medical bills
Under Pennsylvania's Workers Compensation law, the insurance company pays your medical bills while your are collecting work comp payments for lost wages.
If you accept a lump sum settlement for lost wages, you might also be offered a lump sum to settle your future medical care. If you accept a lump sum payment for your future medical care, you would not receive any more money for your medical expenses no matter of how high your bills got. Once you accept the settlement, you can't go back for more payments.
Talk to Pennsylvania work comp lawyer before taking a lump sum settlement
Your situation needs to be reviewed to determine if it is a good idea for you to settle your future medical payments. This decision depends on the amount of medical treatment you think you will need in the future. Our law firm strongly recommends that you talk to a work comp attorney before making a decision..
Hurt on the job? Put our experience to work for you
If you don't have an attorney to help you with your injury claim, the deck is stacked against you. It is important to know your legal rights if you are injured at work. The law firm of Edgar Snyder & Associates has been helping injured Pennsylvania workers for nearly 20 years. Let us put this experience to work for you.
Free Legal Evaluation
If you suffered an injury at work, and don't already have an attorney, you can contact our law firm for a free evaluation of your claim by:
- Filling out a simple online form so we can evaluate your claim.
- Calling toll-free 1-866-802-2643. Our phones answer 24 hours a day/7 days a week.
It won't cost you a dime to have our staff review your claim. We'll listen to what you have to say and let you know your options based on what you have shared. It's free and there's no further obligation. And, as always, there is never a fee unless we get money for you.
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