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What Happens If I’m Offered a Workers’ Compensation Settlement?

Posted on : August 23, 2021

Injured employees have the option to pursue a one-time, lump sum payment versus continuing to receive paid medical care and weekly benefits at any point during the course of their workers’ comp claim. 

Usually, this is done once a doctor has decided that the employee has reached MMI, or Maximum Medical Improvement, and is unlikely to improve further. Here’s what to know about accepting a Louisiana workers compensation settlement and why you need to get experienced legal help. 

Workers’ Comp Settlements 101 

A workers compensation settlement is a lump-sum payment paid all at once. If an employee accepts a settlement offer, they will cease to receive weekly pay or medical benefits and will instead receive a one-time, larger payment. Once this is done, the case is closed.  

Benefits & Disadvantages of Accepting a Settlement  

There are numerous benefits and disadvantages to think about before accepting an offer of a settlement. While you can choose to decline a settlement offer now and change your mind later, it’s impossible to do the opposite. Once you accept a settlement payment, you cannot take further action on the case. 


  • A settlement check is usually issued relatively quickly, making it easier for you to meet financial obligations while you’re out of work. 
  • There are no taxes on workers’ comp settlements. 
  • Closing your case with a settlement opens up other job opportunities for you without risking the loss of your benefits. 


  • If you continue to have medical problems after accepting a settlement, you will have to pay for treatment out of your own pocket. 
  • You may be offered a paltry settlement that barely covers your necessities. 
  • A settlement will not account for any pain and suffering you endured after the incident. 

Speak With a Louisiana Workers’ Comp Lawyer Before Signing On the Dotted Line 

You should never accept a settlement offer before discussing the pros and cons of doing so in your specific case with an experienced Louisiana workers’ compensation attorney. If you do, you can’t reverse it. However, you can always do the opposite and explore your options while continuing to receive weekly benefits. 

At the Wanko Law Firm, LLC, we understand how challenging it can be to navigate workers’ comp issues while injured and being pressured by insurance companies and your employer to minimize your symptoms. We can help. Call now for a consultation at (985) 893-6530.