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WORKERS' COMPENSATION
LUMP SUM SETTLEMENTS
A lump sum is a settlement or contract between you, the insurer, and in some cases your employer. This one-time payment may be made in place of your weekly compensation checks and certain other benefits. In accepting a settlement you give up certain rights, so you must carefully consider whether or not settling your case is in your own best interest. If the insurer has accepted legal liability for your injury, when you lump sum your case your medical benefits will remain open. This means the insurer must continue to pay for necessary and reasonable medical treatment and vocational rehabilitation services. The insurer still has the right, however, to deny any treatment it feels is unnecessary or unreasonable. For a lump sum brochure further explaining your rights, please to go our website or call our Public Information Office to have one sent to you.
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When your benefits may be stopped or reduced
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