Where did you get 75/life expectancy, and where is that a factor in calculating PPD indemnity ?......I take 75 (life expectancy) and subtract his age at time of accident (23) and multiply the months =600 months.....take that x his TTD x 19% and divide that in half (40-60% is what wc may offer...i found that on here....is that right???
You also have to take into consideration this...As the PPD rating is 19%, he cannot be paid more than 75K, when you combine any TTD/wage loss paid while treating/recovery... and indemnity due to the 19% PPD rating.8-42-107.5. Limits on temporary disability payments and permanent partial disability payments.
No claimant whose impairment rating is twenty-five percent or less may receive more than seventy-five thousand dollars from combined temporary disability payments and permanent partial disability payments. No claimant whose impairment rating is greater than twenty-five percent may receive more than one hundred fifty thousand dollars from combined temporary disability payments and permanent partial disability payments. For the purposes of this section, any mental impairment rating shall be combined with the physical impairment rating to establish a claimant's impairment rating for determining the applicable cap. For injuries sustained on and after January 1, 2012, the director shall adjust these limits on the amount of compensation for combined temporary disability payments and permanent partial disability payments on July 1, 2011, and each July 1 thereafter, by the percentage of adjustment made by the director to the state average weekly wage pursuant to section 8-47-106.
Don't know what the 40% to 60% would be. If you mean the carrier would take that kind of 'discount', there is no formula for that. A C&R, or Compromise and Release is based on the estimated value of any indemnity due, the potential value of future medical care... but its actually ''new money'', or just a lump sum of cash for your consideration to drop the claim, and never darken their threashold/door again. No more benefits to this injury, from this claim.
Apparently you/he is going to be evaluated by Dr/IME because the carrier wants to get another opinion on that PPD rating. Not unusual. And they have the right to IME evaluation. Those rules are here 8-42-107.2. Selection of independent medical examiner - procedure - time - applicability. http://www.colorado.gov/cs/Satellite...oximate_result
You are going to continue in this confusion over how much money you may receive... it's a complicated formula to calculate, you don't actually have a final PPD rating. And even if you were to come up with some kind of number... not likely it would be accurate.
Just for giggles... IF the rating stands at 19%, and it's for a scheduled loss/hip... the max would be 208 weeks.
If it's paid at the TTD rate, take $704 X 208 X 19% X 1.74 = $48K +/-. I do not know that is the amount youd be paid. If it's close, and paid in lump sum, there could be a reduction, or commutation to ''todays dollars''. You could deposit the reduced amount in a interest bearing account, just like the IC does, and let it 'grow' vs taking the bi weekly payments.
As I said, there are too many variables in any claim to predict what the dollars will be ....sorry. Can't suggest you run to the bank just yet. You'd be disappointed.