I've read so many posts in the forum that my head is spinning. I'm afraid that I still don't understand what the insurance company is offering. Here is what I do know:
I have been given an impairment rating of 6% to the body as a whole. They are making an offer to settle at 1.5 times the 6% rating. My weekly compensation rate is 727.30 (however, I've never received a comp payment due to being salaried). So somehow they come up with a figure of $26182.80. The letter further states that as per TN law, my medical will remain open. And then "The total offer to settle your claim is $26182.80".
So where did they come up with that 727.30 compensation rate? And does my medical STAY open if I accept the $26k or will I have to use the money for any future medical? And if I take the $26k, would that be multiple payments or lump sum?
I have heard nothing from the DR, just this letter from insurance. Does this mean he thinks I've regained as much use as I ever will? What if this IS as good as my recovery will be? It's certainly worth more than $26k to never have an arm to be as good as it was before the accident.