Injured workers in Pennsylvania can settle the wage loss or the medical portion of their case. These payments are made in lump sum payouts or as annuity payments over time. An injured worker can negotiate to have an open medical settlement or close out their medical after a set period or at the time of his or her settlement. The wage loss portion of the settlement is based on your compensation rate, not your gross wage. Also, this section of the settlement does not factor in pain and suffering, punitive damages or loss of consortium. On the other hand, negotiating the medical aspect of a settlement is trickier. Insurance Companies do not like to keep medical benefits open because it leaves them with too much risk in the future.
If you want more details on workers’ compensation settlements, please contact Krasno, Krasno & Onwudinjo. We want to hear your case and provide you with the information you need to recover the compensation to which you are entitled. Email or contact us today at (800)-952-9640 to talk to an experienced attorney. We will help you understand the entire process of your settlement and get you the help you deserve.