Re: The Workers Comp Doesn't Want to Settle
There's no law saying they have to payout a lump sum, they may very well pay out your claim in payments.
There's nothing to fear, the number of weeks are defined by law, they can't just " close your case"
As long as they're ordered to pay out your rating, you should be fine.
If you can afford it, you're better off with the payments, they won't do a lump sum unless it's for a reduced rate and you forfeit significant rights.
If you're eligible for extended benefits, they will offer a lump sum in time, relax and don't appear desperate.
Permanent Impairment Awards
A permanent impairment award, which is under RSA 281-A:32 of the New Hampshire Workers' Compensation statute, is an award for the percentage of permanent loss of use to a compensable body part. Compensable body parts are listed in the statute giving the total number of weeks allowed. The award is a separate and distinct benefit and is in addition to any other benefit being paid such as weekly compensation, medical benefits and vocational rehabilitation.
If an injury causes a permanent loss to more than one compensable body part or to the spine, the award is given on the basis of a whole person permanent impairment using a 350-week schedule.
Calculation of the award is a relatively simple formula:
1-percentage of loss multiplied by the total number of weeks
2-the number of weeks multiplied by the claimant's compensation rateequals the total dollar amount of the benefit.
10% loss of an arm would be .10 x 210 (arm) = 21 weeks of benefits times the compensation rate of $325.00 or a total of $6825.00.
Settling Your Workers' Comp Case in New Hampshire
Understand the consequences of a workers’ comp settlement in New Hampshire.
While there are many benefits to settling your workers’ compensation case, you will also likely be giving up significant rights. Below, we explain the settlement process in New Hampshire. However, because settlements are typically final, you should consult with a New Hampshire workers’ comp lawyer before you sign any agreements.
Moderator Responses are based on my personal bias, experience and research - They do not represent the views of the admin nor may be accepted in the legal community, always consult an attorney.