Under Medicare Secondary Payer guidelines, the injured party accepts a lump sum payment that compensates for all future medical expenses and disability benefits related to the work injury or disease.
Tag: USA
Lump sum compromise settlement
Under Medicare Secondary Payer guidelines, a settlement that provides less in total compensation than the individual would have received if he or she had received full reimbursement for lost wages and lifelong medical treatment for the injury or illness. This situation may occur when compensability is contested.