Considering a Lump Sum Settlement for Your Pennsylvania Worker's Compensation? Ask an Attorney.

Under Pennsylvania worker's compensation, if you have been off work for more than four (4) months due to a work-related injury, you might be able to receive a lump sum settlement, also called a "compromise and release." This lump sum settlement is a one time payment that can replace your weekly worker's compensation checks, your medical expenses, or both.

"We get calls where an injured worker says, 'Look, I just want to get on with my life.' So, instead of collecting worker's compensation checks every week or two, they want to get a lump sum. They can use that money to go back to school, to start a new business within their physical limitations set by their own doctors, or something similar. We help them to move on." Attorney Dennis Liotta

It's very important that you understand what you are signing when you accept a lump sum settlement. We highly recommend talking with an experienced worker's compensation attorney before you make your decision. Once you accept a settlement, you can not go back for more money even if you still can't work, you've spent the settlement money, or your medical expenses keep piling up.

A lump sum settlement for lost wages means that you are accepting a one time payment in place of weekly checks. This option may serve you well if you are tired of the worker's compensation hassle and just want to move on with your life. You will want to make sure that your settlement is adequate and fair for your injury and your needs. A qualified attorney can help you make that decision.

If you accept a lump sum settlement for your lost wages, you might also be offered a lump sum settlement for your current and future medical treatments. Accepting a lump sum settlement for your medical expenses can be tricky. If you accept a lump sum payment for your future medical care, you will not receive any more money for your medical treatment after these funds are spent.

Is a lump sum settlement right for you?

How will you know if a lump sum settlement is the best option for you? How much is a fair settlement? What if your injury flares up again and you have more medical bills after your Pennsylvania worker's compensation settlement?

Your situation needs to be reviewed to determine if it is a good idea for you to settle your future lost wages or medical payments. This decision depends on the amount of medical treatment you think you'll need in the future.

Remember: While a lump sum settlement can end your worries about having future benefits reduced or taken away, once you agree to the settlement, Pennsylvania worker's compensation does not owe you another penny. That's why you should hire an experienced attorney to negotiate with the insurance company on your behalf.