Workplace injuries can have a long-term effect on earning capacity and future medical needs. Structured settlements can help address both concerns by relieving the financial pressures of ongoing medical expenses and loss of income.
Future medical needs such as physician visits, prescriptions, future surgeries, and home health care needs can be budgeted for during the settlement process. Structured annuity payments can be allocated to meet each specific need so that money is available when treatment is needed. Planning periodic payments through a structured annuity also helps the injured worker create an estate to leave to family members upon their passing.
Structured settlement annuities are a valuable tool in dealing with Medicare issues that arise after a Worker’s Compensation settlement. More details can be found on the Medicare Set-Aside page.