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The entire settlement process?from filing your claim to having the money in your hands?can take around 12-18 months depending on the details of your case and whether or not you have legal representation.
Lump Sums for Injured Workers. In many cases, an insurer and injured worker will agree to settle a case through a Lump Sum Settlement. This one-time payment is made in place of weekly compensation checks and certain other benefits.
For workers' compensation cases arising in Tennessee, the statute of limitation is generally ?one (1) year after the accident resulting in injury,? according to Tenn. Code Ann. § 50-6-203.
The benefit is 66 and 2/3 percent of the employee's pre-injury average weekly wages and cannot be less than the minimum, or more than the maximum, weekly benefit. It is payable until the employee reaches maximum medical improvement or returns to work or for a period of 450 weeks, whichever is shorter.
Compensation Rates DatesMini Rate% of Avg Wk Wage for Temporary7/1/21 - 6/30/22$159.00110.00%7/1/20 - 6/30/21$149.10110.00%7/1/19 - 6/30/20$144.00110.00%7/1/18 - 6/30/19$139.35110.00%29 more rows
Once a doctor tells a patient that their condition has reached MMI, it means they have reached the point at which further improvement is not possible. Reaching MMI doesn't indicate that they are completely healed or improved; only that there is no reason to keep trying to improve.
Generally, the value of your workers' compensation claim will increase if you require surgery, as it indicates a more serious injury. Because some workers' comp settlements may be considered final, it may be better to settle your claim after you have surgery and have reached maximum medical improvement (MMI).
When the injury has healed and maximum medical improvement (MMI) is reached, the injured employee will likely be released from the treating physician's care.
To calculate the correct amount of Permanent Partial Disability (PPD) benefit, impairment rating percentage is multiplied by the maximum number of weeks assigned to the specific member of the body or body as a whole.