Can anyone explain the Illinois Statute of Limitations for work
injury payout?
I just received a call from Liberty Mutual asking me if I want to get paid out for a knee injury, which happened at work. I would like to know what I will be giving up if I do take the payout. I would also like to know, who will be paying me out?
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on Tuesday, January 12th, 2010 at 3:11 pm and is filed under Injuries.
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The state workman’s comp system makes the payout, or it sounds like in this case it is the employers insurance wanting to pay it out.
What you give up is any further payment of medical bills. The case is considered closed at this point, and you are on your own. If the knee is better, you might consider it. If not, don’t take the payout until it is better.
Generally you have 2 years from the end of medical treatment your best bet is to go see a lawyer.
The lenght of time medical treatment is available to your injury
varies by state. Not all states limit medical treatment to 2 years.
WC laws are state specific, and vary wildly by state. What you are
doing in selling out the medical benefits in your comp claim is
accepting full liability for treatment to your injury. Not your own
health coverage, or Medicare will pay the bills for treatment to
your knee. And, IF you don’t have the allocations done properly,
Medicare can and will declare your ENTIRE WC settlement, including
any indemnity you have been paid to be for future medical.