The terms of a workers’ compensation settlement can have a huge effect on the amount of a claimant’s future Social Security benefits and private disability benefits. A claimant’s future medical expenses covered by Medicare can also be affected by the settlement. Coordinating these benefits is the key to maximizing recovery.
Settlement of Indemnity Benefits
Before settlement of a workers’ compensation case, the claimant can receive a combined maximum benefit of 80 percent of his or her pre-disability income while on Workers’ Compensation, Social Security Disability Income and private disability benefits. Upon settlement, Social Security can offset the lump-sum amount against the claimant’s future SSDI benefits.
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