Tax-exempt structured settlements were first used in Workers’ Compensation cases in the early 1980’s. Since that time, structures have been used to create optimal settlement solutions in thousands of cases across the country. Our Settlement Consultants and our V.P. of Workers Compensation and Medicare Practices are at your disposal to discuss any settlement questions you may have.
Workers’ Compensation claims can be complex and difficult to conclude with much frustration by the insurer's claims person and the injured person over medical care, payments, and overall expenses experienced. A structured settlement is a unique tool to ease the process and allow both sides to move forward to satisfactory conclusions, while retaining all their rights under state statutes.
Loss of income and surviving dependents’ benefits can be converted into monthly payment annuities to best suit the needs of the injured person. Indemnity payouts, rehabilitation expenses, medical expenses, and surviving dependents’ obligations can all be taken into account when designing just the right structured settlement benefits for a workers compensation situation.
For additional background about the tax-free status of Workers’ Compensation benefits see the Internal Revenue Service Code Section 104 (a)(1).