This is a complicated question to answer and requires an experienced attorney to evaluate. In general, when you have exhausted all your benefits, a settlement may be all that is left. In some situations, based on personal needs, you may decide to settle the money portion of your claim and keep the medical coverage open. There are many factors that go into the evaluation such as: extent of injury, past awards and potential future awards, claimant’s age, potential or current litigation, and the claimant’s immediate financial needs. For a more detailed discussion, please see the Cash Settlements section.
If you have more questions about settlements in workers’ compensation cases and you live in Northeast, OH, contact Martin S. Horwitz, Attorney at Law.