Lump sum settlements are allowed. Compromise and Release Agreements are used to resolve future medical exposure, future indemnity exposure or both. If the parties agree, a structured settlement may be used to pay the claim. All settlements are subject to the requirements of Medicare.
Author Rebecca Shafer, JD, President of Amaxx Risks Solutions, Inc. is a national expert in the field of workers compensation. She is a writer, speaker and website publisher. Her expertise is working with employers to reduce workers compensation costs, and her clients include airlines, healthcare, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing.
Contact: RShafer@ReduceYourWorkersComp.com or 860-553-6604. www.LowerWC.com
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Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers comp issues.
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