Washington Settling your L&I claim is a process for injured workers 50 or older who are unable to return to work due to their injury. This option allows them to receive a lump sum payment in lieu of future medical and/or wage benefits payments. The settlement is negotiated by the worker's L&I attorney and the Washington State Department of Labor and Industries (L&I). The settlement amount is determined by considering the worker's medical information, wage loss, and other factors. The payment is typically made within 90 days of the agreement being finalized. There are two types of settlements available: Structured Settlement and Lump Sum Settlement. A Structured Settlement involves setting up a payment plan that ensures that you receive a set amount of money over a period of time, while a Lump Sum Settlement provides you with an immediate lump sum payment. The decision of which type of settlement to pursue is up to the worker and their attorney.
Washington Settling your L&I claim might be right for you: An option for injured workers 50 or older
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L&I maintains a list of self-insured employers. Your employer or their representative handles your paperwork and pays for the claim. They will give you a Self?Insurer Accident Report (SIF?2) form. Fill out the form completely and return it to your employer or their representative.
Here's how L&I calculates the premium rate for each of the business's risk classifications: Multiplying the business's experience factor by the sum of the Accident Fund, Medical Aid Fund, and Stay at Work base rates, and then. Adding the base rate for the Supplemental Pension Fund.
Employers purchase coverage through the Department of Labor & Industries (L&I). L&I manages all claims and pays benefits out of an insurance pool called the Washington State Fund. The fund is financed by premiums paid by employers and employees, not by general revenue taxes.
Initial payment: At least 25% of the state's average monthly wage, but no more than 6 times the state's average monthly wage. Subsequent payments: At least 25% of the state's average monthly wage, but no more than 150% the state's average monthly wage.
A worker receives a percentage of wages based upon family status and number of dependents at the time of injury. A worker is entitled to 60% of their gross monthly wage. An additional 5% is added for a spouse and 2% for each dependent child, up to five children.
You can apply to reopen a claim at any time, but after seven years, it is at L&I's Director's discretion whether or not benefits other than medical will be paid.
Keep Washington Safe and Working The Department of Labor & Industries (L&I) is a diverse state agency dedicated to the safety, health, and security of Washington's 3.3 million workers. We help employers meet safety and health standards, and we inspect workplaces when alerted to hazards.