Both words, impairment and disability, are terms of art. This means you have to look to how and where they are being used. Impairment for social security can be different than impairment for worker’s compensation. Impairment in one version of the AMA (American Medical Association) guides to the Evaluation of Permanent Injuries can be different than another edition.
North Carolina Workers’ Compensation
Considerations in taking a Lump Sum Settlement for a NC Workers’ Compensation Claim
Let’s assume your lawyer, you and your doctors have all done their homework. You know how much money you would be entitled to if you didn’t settle, when you’d get the money and for what length of time you’d get the money. The question then becomes – what’s a fair settlement offer?
What will they offer for a clincher Workers’ Comp agreement in North Carolina?
A Clincher Agreement is “an agreement between the injured worker and the employer/insurance carrier to fully and finally settle the entirety of his or her claim, meaning that the injured worker gives up any and all rights to additional compensation, both medical and monetary, in exchange for a lump sum of money.”
What to Consider before Accepting a Workers’ Compensation Settlement in North Carolina
Here are some things to really think about if you are being offered a Workers’ Comp settlement or ‘clincher’ in North Carolina, or you are otherwise considering a workers’ compensation settlement.
Is your medical recovery complete?
You should NOT consider settling your case until you know that further medical treatment cannot improve your condition – that you have reached your Maximum Medical Improvement (MMI). MMI essentially means the doctors have made a complete diagnosis and prognosis for you. They know what your injuries are and have a treatment plan. While continued medications and medical treatment can help, you know that no different types of medications or different treatments will work any better.
