Structuring WC Claims

Structuring WC Claims

January 16, 2013 – Passing along today’s blog from the National Structured Settlements Trade Association (NSSTA), entitled “The Key to Workers’ Compensation,” which highlights the benefits of structuring workers’ compensation claims.

The blog provides an excellent summary of an article which appeared in last month’s Claims Management on the benefits of structuring these types of claims and why they are often perfect candidates for claims professionals to consider for structured settlements.

Because the workers’ compensation system in most states has built-in provisions for steady future periodic indemnity payments already, transitioning to a structured settlement when it comes time to compromise the claim for settlement seems a natural fit.

Further, because future medical needs are often a component of any settlement for an injured worker, structuring future dollars to meet those needs makes for a very sensible resolution for all concerned.

And because satisfying the Medicare Secondary Payer Act obligations is an omnipresent worry, the structured settlement can play an integral role in helping to bring about a successful resolution for all involved.

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