A man from Dartmouth, MA recently obtained a $220,000 workers’ compensation lump sum settlement for his work-related injury. After sustaining a severe spinal injury on the job, our client underwent extensive pain management along with physical therapy rehabilitation. This man contacted our office so we could help him begin the workers’ compensation process. Our firm maintained joint responsibility with a law firm specializing in workers’ compensation law, and they helped our client receive the lump sum settlement he deserved.
What is a Lump Sum Settlement?
Lump sum settlements are only available to workers who have very serious injuries and are unable to return to their former job. Rather than receiving regular payments for medical bills and lost wages while you are unable to work, the company pays a set amount upfront. In exchange, you will have to give up your right to all future workers’ compensation benefits. This settlement amount can be paid in a single lump sum, or individuals can opt for a structured settlement. All lump sum settlements must be approved by the Massachusetts Workers’ Compensation Court, and there are pros and cons to receiving a lump sum settlement. Contact d’Oliveira & Associates to determine whether a lump sum settlement is the correct path for you.
Should I Accept a Lump Sum Settlement?
A lump sum settlement is a single payment that is intended to cover all medical bills associated with your workplace injury. There are pros and cons to accepting a lump sum settlement. First, the money is paid out in one chunk, and it belongs to you. Second, you can use that money for whatever medical treatment you believe is necessary. You do not need approval, nor do you need to prove that your expenses are due to the work injury. However, if you run out of money or if your medical expenses become more costly, you will have to pay out of pocket. Once the money runs out, it is gone. An experienced Massachusetts workers’ compensation lawyer can walk through the process with you and discuss whether a lump sum settlement is the right path for you.
Connect with a Massachusetts Workers’ Compensation Lawyer
If you have been injured while you were working, you may be entitled to workers’ compensation benefits. Workers’ compensation benefits can pay for your medical bills, lost income, pain and suffering, among other damages. Our firm’s Massachusetts workers’ compensation lawyers have been helping injured workers get compensated for their injuries for decades. Contact us 24/7 by calling us toll-free at (800) 992-6878, or by completing an online contact form.
New Bedford Personal Injury Lawyer / d’Oliveira & Associates
930 Kempton Street
New Bedford, MA 02740
(508) 984-8400
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