This is one of the official Workers' Compensation forms for the state of Maine.
Maine Lump Sum Settlement for Workers' Compensation
State:
Maine
Control #:
ME-WCB-10-WC
Format:
PDF
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FAQ
When it is all said and done, if you wish to settle your case, your workers' comp settlement should be a fair compromise whereby you give up your rights to receive continued ongoing benefits for your workers' compensation claim in exchange for a one-time payment representing a percentage of what those continued
Lump sum payment: The employee receives a one-time payment for all medical costs and benefits under the claim. Depending on the state, they may have to agree not to seek any future reimbursement for the injury.
To date, the largest settlement payment in a workers' comp case came in March of 2017, with a $10 million settlement agreement.
In most workers' compensation cases, the insurance company will offer a full and final release of liability settlement. Taking this offer will settle your workers comp claim for good and you will not be permitted to receive any further benefits, file any new lawsuits (Petitions for Benefits), or appeal your case.
Get your weekly disability check started, if you're not receiving it already. Maximize your weekly benefit check. Report all super-added injuries. Seek psychological care, when appropriate. Seek pain management care, when appropriate. Don't refuse medical procedures. Be very careful what you tell the doctor.
Do all worker's comp cases end in a settlement? Most worker's compensation cases end in a settlement, meaning the insurance company offers either a lump sum of money or weekly payments for a specified period. The money may cover: Past and future medical care.
The injured worker can ask for a single cash payment from the insurance company instead of payments for lifetime medical care.The cash payment is an estimate of future medical care. The injured worker is then responsible for his or her own medical care for the injury from the time of the settlement.
If you've been injured as a result of your work, you should be able to collect workers compensation benefits.Your employer or its workers' comp insurance company does not have to agree to settle your claim, and you do not have to agree with a settlement offer proposed by your employer or its insurance company.
There are a variety of factors that go into how much an employee gets in a workers comp settlement. Overall, the average employee gets around $20,000 for their payout. The typical range is anywhere from $2,000 to $40,000.