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Stipulations Causing You to Worry? KnowYour Settlement As we near the end of your case, it can be easy to get excited about the benefits you will receive. However, if you don’t understand the type of compensation you are receiving, it could complicate your recovery process. There are two distinct forms of workers’ compensation: stipulations (stips) and compromise and release (C&R). Here is a brief description of both and how to properly utilize them. Stipulations With this type of compensation, an injured worker gets some money and retains the right to seek future medical treatment for the parts of their body injured in the accident in question. When an injured worker settles their claim with stips, they get paid for the amount of permanent disability, but nothing more. Stips are usually paid at a rate of $290 per week or less depending on their pay prior to the accident. The amount of permanent disability the injured party is awarded is based on the type of permanent disability their physician feels they have. However, they will always receive free treatment for the parts of their body that were injured. Their treatment will still fall under workers’ comp, so the insurance company will continue to pay. However, it’s important to note that those treatments are still subject to approval by the insurance company, similar to how the treatment is handled prior to settlement. Compromise and Release With this type of compensation, the injured worker gets more money than with stipulations but doesn’t receive free treatment from the insurance company. A C&R pays the same amount of permanent disability but also adds more money for an estimate of how much it will cost for the future care of the injured parts of the body. This type of settlement effectively ends the injured worker’s right to any further free medical treatment
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for the injury sustained on the job. A C&R is paid in one lump sum rather than the $290 per week with stips. Unfortunately, in over 90% of C&R settlements, the insurance company will require the injured worker to resign from their position. This isn’t a punishment or penalty but rather a protection against fraud that was common before the resignation was required in C&Rs, and it is standard within almost every industry.
Navigating the various types of settlements can be challenging. If you have any questions or concerns regarding your case, never hesitate to reach out. Give us a call at 510-240-8710 so we can fight for you.
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