If you get injured while at work then you are eligible to receive workers compensation benefits. These benefits are for medical expenses and lost wages.
When it comes to workers comp settlements in MN, there are two types: “to-date” and “full and final”.
The “to-date” settlements are used to end disputes on issues such as the type of medical care needed or benefits owed. The settlement is for a specific timeframe and does not close out your case.
A “full and final” settlement is made when your claim is closed, and it removes your rights under Minnesota’s workers’ compensation laws. This type of settlement is typically done in exchange for a lump sum amount. The only benefit that could possibly remain open is future medical care.
Once everyone has reached an agreement on the settlement, then the attorneys will draft a settlement document. If you do not have an attorney, the attorney for the insurance company will create this document. This document will specify the terms of the settlement, the amount of the settlement, the amounts to be paid to your medical providers, and anything else that needs to be included.
Everyone must sign the settlement agreement for it to become valid. This also means that if a doctor charged you $1000 but agreed to only take $500 for the medical service, then that doctor will also have to sign the agreement.
Once everyone signs the document, it will be submitted for approval by the workers’ compensation judge. After it is approved, the insurance company has 14 days to process the check.
There is a lot going on when you attempt to settle a workers compensation claim. An experienced and skilled workers comp settlements in MN can walk through each of these steps to make sure you are getting the best deal possible because once the settlement is approved and close it usually cannot be reopened.
