What is an insurance company settlement day?

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Get Help From our Michigan Workers’ Comp Lawyers Today
You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and we pride ourselves on providing you with care, trust, and responsiveness.

How insurance company settlement day is like Christmas but everyone is mad about the cost of the gifts.

We attended an insurance company settlement day last week. This was an informal meeting to discuss several of our cases. The insurance company wants to close files and our clients want cash payments.

Settlement is a great option for people who want to move on with their lives. It allows an individual to seek medical treatment on their own terms or get retrained for a new career. Many of our clients simply want to find a new job.

There is an old saying about settlements. How do you know you have reached a fair amount? Everyone walks away mad! The truth is that we have many happy clients. The value of a settlement depends upon several factors including the cost of future medical care and wage earning capacity.

Medical treatment

The cost of future medical care is an important part of your settlement. Make sure your attorney knows about any recent medical treatment. Records from your doctors should be obtained. Has a surgery been recommended? Have you reached maximum medical improvement (MMI)?

Employment status

The amount of settlement depends on how long you will be considered disabled. Your wage earning capacity will play an important part. Let your attorney know about your current work status. Are you performing a good-faith job search? Have you found a new job that pays significantly less?

Medical bills

Many of our clients owe thousands of dollars in unpaid medical bills. It is important to tell your attorney about any statements received in the mail. Find out if your doctors have unpaid balances. It is also possible that medical bills were paid under a group health insurance policy and you need to pay money back. Any liens should be addressed as part of your settlement.

Michigan Workers Comp Lawyers never charges a fee to evaluate a potential case. Our law firm has represented injured and disabled workers exclusively for more than 35 years. Call (855) 221-2667 for a free consultation today.

Related information:

Michigan workers comp lawyer explains the pros and cons of settlement and how to get the most money for your case.

Photo courtesy of Creative Commons, by thethreesisters.

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Author Bio Jeffrey Kaufman

Author
Jeffrey E. Kaufman
Michigan Workers Comp Attorney

Jeffrey E. Kaufman has extensive experience in workers compensation cases and has recovered millions of dollars in benefits for his clients. He believes all injured workers deserve to be on equal footing with insurance companies and employers, and fights tenaciously so their rights are secured and protected.


“Jeff also helped me with getting my Blue Cross bills paid. I would absolutely recommend him and the whole firm. Jeff and the firm did everything they were supposed to do for me and my case.”
Ricardo Perfetto

Hundreds of 5-Star Reviews

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Get Help From our Michigan Workers’ Comp Lawyers Today

You’re not alone. Our Michigan workers’ comp lawyers have been called the best in the state, and our clients love how they’re treated with care, respect, and responsiveness. We will give you the time you need, we will explain your legal rights, and we will always treat you with respect.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Injured? It’s Time to Get Some Answers

Don’t let the insurance adjuster push you around. Request your free consultation today.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Our attorneys post regularly about common issues related to workers’ comp, including common injuries, settlement calculations, laws, and more.

Our workers’ compensation and Social Security disability lawyers always put your needs first. Get to know your legal team.