If you were hurt in a work-related accident, you can expect to take a financial hit. New medical expenses and lost wages can be a significant burden on your family, however, you may be able to obtain a workers’ compensation settlement to offset the costs of being injured on the job. Here’s what goes into calculating how much restitution you’re awarded.
Unpaid Medical Expenses
If you have any medical expenses that have not been paid, this is generally the starting point of calculating your settlement. This could include costs for doctor’s visits, hospital stays, surgery, medications, home care, and any other expenses related to your accident that your worker’s compensation insurance company has not already paid for directly or reimbursed your out-of-pocket expenses.
Future Medical Expenses
Your claim should also include any medical expenses you are expected to incur in the future. For example, if your injury led to the development of a chronic health condition that will require ongoing treatment, these costs should be estimated and added to the total value of your claim.
Temporary Disability Benefits
If you are owed temporary disability benefits that have not yet been paid by workers’ comp, these will also be included. Temporary disability can last as little as a few days but may be as long as a few years. Eventually, you should recover from the condition; if you haven’t after a year or two, your disability may be considered permanent.
Permanent Disability Benefits
If you have a partial or total permanent disability as a result of your injury, you may qualify for additional benefits. A doctor will review your case and assess the percentage of your disability, which will then be used to calculate the total value to be added to your settlement.
Late Payment Penalties
If any of your benefit checks were late, you may be able to impose penalties on your workers’ comp insurance company. These penalties are designed to prevent insurance companies from skirting payouts for legitimate claims. If the insurance company acted in bad faith and withheld your benefits without good reason in an attempt to avoid making payment, these penalties may be even higher.
Injured on the Job? Contact a Florida Workers’ Compensation Attorney Today
You deserve full and fair compensation for your job-related injury. Florida workers’ comp lawyer Marshall Adler can help you pursue the maximum award available in your case. Call now for your consultation at 407-648-5523.