One of the most important things that any injured person looks forward to after getting injured on the job anywhere in the state, is getting access to the right level of Texas Workers? Compensation Benefits. The standard step for the injured party to take is therefore to inform the employer officially of the injury sustained in writing. The employee is also required to inform the employer of the decision to seek Texas Workers? Compensation Benefits as a result of the injury sustained. The employee then collects and files the necessary forms while attaching vital documents such as medical reports and documentation as well as injury reports and witness statements. All these steps are taken with the hope of earning Texas Workers? Compensation Benefits so why do some injured parties reject settlements offered by insurance carriers?
Well there are many factors that should be considered before accepting a Texas Workers? Compensation Benefits settlement when you receive an offer from your employer?s insurer. Your benefit should not just cover your current medical costs but your future expenses on medical treatment as well. If the kind of injury sustained gives you a higher probability of requiring surgery, costly medication or specialized forms of medical attention after your Texas workers compensation benefits settlement date then it may be a bad idea to accept a final settlement. You should know that settling your claim with an insurer rules out the possibility of getting any more benefits in future regardless of how bad your medical condition may deteriorate. Since no insurance carrier will calculate the full amount of money you need to cover your future medical expenses, you will get just a fraction of the cost of future treatment. In essence, never accept a settlement for your Texas Workers? Compensation Benefits if your medical condition is severe and requires extensive medical attention.
Remember A Settlement Means No Future Texas Workers? Compensation Benefits
Reaching a settlement with an insurance carrier for your Texas Workers? Compensation Benefits essentially means that you are selling your right to take on the insurance carrier for financial or medical benefits in future, no matter how bad your health may turn out to be. The reason why insurers try to reach Texas Workers? Compensation Benefits settlements with injured parties is to end the duration of a claim so that they won?t be liable for the employee?s injury anymore. This often happens when the insurance company realizes that they stand to lose more money by continually paying the Texas Workers? Compensation Benefits of the injured worker.
Unfortunately, some injuries sustained by workers on the job may require multiple surgeries while others may require continuous treatment for the entire lifetime of the patient. Reaching settlement with an insurer instead of receiving continuous Texas Workers? Compensation Benefits often spells disaster for the injured party. It?s important to seek medical advice from your Texas workers? compensation treating doctor as well as your attorney before reaching any settlements with your employer?s insurer. If there are any doubts then it will be wise to reject a settlement and opt for continuous Texas Workers? Compensation Benefits until you recuperate fully.
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