The Value of Settling Older Workers’ Compensation Claims in Ohio
If you have an older workers’ compensation claim in Ohio, it may hold more value than you realize. Here’s what you need to know about settlements.
Older workers’ compensation claims can sometimes be overlooked, but they often present an opportunity for injured workers to secure significant financial compensation. Whether your claim is still active or dormant, settling it could provide you with the financial stability you need.
Why Consider Settling an Older Claim?
- Financial Security: Settling your claim provides a lump sum payment, which can help you cover expenses, pay off debts, or invest in your future.
- Avoid Uncertainty: If your claim remains open, you may face ongoing disputes or challenges to your benefits. A settlement eliminates these risks.
- Flexibility: A settlement allows you to move forward without the constraints of ongoing claims management or hearings.
What Factors Affect Settlement Value?
- Extent of Your Injury: The severity of your injury and its impact on your ability to work will play a key role in determining the value of your settlement.
- Medical Expenses: Past and future medical costs related to your injury will also factor into the settlement amount.
- Wage Loss Benefits: Any unpaid temporary or permanent disability benefits can increase the value of your claim.
How We Can Help: At Garson Johnson, we specialize in helping injured workers assess the value of their older claims and negotiate favorable settlements. If you’re considering settling your workers’ compensation claim, contact us today to discuss your options.
