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How do you know when to settle
#8
"Is there a rule of sorts, or a formula that an injured worker can use to determine whether they are getting the correct amount in a settlement ? "

not really.
make a list of what treatment you'll need and how frequently.
some states have fee schedules as to how much is paid for medical services.
you can also request a copy of the bills already paid by the carrier to get an idea of costs.
discount the total amount to a present value.
generally carriers develop a range- a high end probable and a low end likelihood- estimates of what a case will ultimately cost.
they try to settle within that range.
obviously it's different for each state and their benefit levels, rules and the issues with the case.

Reminder :
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.
THANKS FOR POSTING.
 
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Messages In This Thread
RE: How do you know when to settle - 1171 - 10-18-2013, 02:33 PM
RE: How do you know when to settle - 1171 - 10-18-2013, 05:28 PM
RE: How do you know when to settle - 1171 - 10-19-2013, 11:24 AM

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