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Should I Accept The First Medical Settlement Offer?
#1
My workers compensation claim was made in the State of: Kentucky

My workers comp insurance Co wants to settle the medical, but I'm not sure what to do.
Should I take the first offer, Or can I counter?
The first part of the settlement is, they want to set up a medical set aside account, that will be handled by a separate company, that will handle the financials with my Medicare.
After it has been set up, they will deposit money every year, for 13 years, at which time the account will no longer receive funds, and will be closed when fully depleted, at which time Medicare would pay for future medical.
If I die, the money would go back to the insurance Co.
The second part of the settlement is a lump sum, that I can use for whatever I want. It's mainly to cover out of pocket costs for medicine, post op items, orthodontics, etc... not covered by Medicare.
Do workers comp medical settlements fall under a standard? Or can the settlement offer be countered?
I can see this being a good thing for me, because it'll take away the restrictions the insurance Co puts on my treatments, and will put me in the driver seat.
But I don't want to feel like they low balled me, and gave me much less than I could've gotten.
I'm not being greedy, just cautious for the future.

And please don't tell me to get a lawyer. My workers comp lawyer took me for over $13,000, showed up 2 hours late to my final hearing, and couldn't remember my name...
To me, this is pretty cut and dry. I'm just not sure what a fair settlement amount would be, or if I can even counter...
 
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#2
I like your idea: “ why pay another atty to screw up my case when i can handle it myself.”
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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