How to Close Your Workers’ Compensation Case in 2024: What You Need to Know in a Changing World

By Steve Franco

As 2024 unfolds, the workers’ compensation landscape remains a critical issue for injured workers seeking resolution for their cases. With the transition of presidential power from Joe Biden to Donald Trump on January 20th, 2024, many are wondering how this shift might impact their claims. While federal policies generally don’t dictate the details of workers’ compensation cases—which are governed by state law—the broader economic and political context can influence decision-making for injured workers.

If you’re considering how to close your workers’ compensation case in 2024, it’s essential to understand your options and how to navigate this dynamic environment. For many, a Compromise and Release (C&R) remains the preferred way to settle. Let’s explore the options available and why a C&R might be the best choice for you.

Understanding a Compromise and Release (C&R)

A C&R is a legal settlement where you agree to resolve your workers’ compensation claim in exchange for a lump-sum payment. This payment typically covers your permanent disability benefits and estimated costs for future medical care. Once you accept a C&R, your case is closed, and the insurance company is no longer responsible for any future claims related to the injury.

One of the most appealing aspects of a C&R is the control it gives you. Rather than waiting for medical approvals or navigating the complexities of workers’ compensation bureaucracy, you can manage your medical treatment and financial needs on your terms.

Why C&R Is a Popular Choice in 2024

The start of a new administration brings both optimism and uncertainty, making financial stability a top priority for many workers. A C&R offers:

• Immediate Financial Relief: With a lump-sum payment, you can address pressing needs such as medical bills, household expenses, or debt payments.
• Freedom in Medical Care: You’re no longer limited to the workers’ compensation system, which often involves delays and restrictions. Instead, you can choose the providers and treatments that work best for you.
• Closure and Peace of Mind: A C&R ends your case, sparing you the stress of ongoing disputes or hearings.

As economic policies under the new administration unfold, workers may feel additional pressure to secure their financial futures. While these changes won’t directly affect your claim, they may influence your personal priorities and the timing of your decision.

Alternative Ways to Close Your Case

If a C&R doesn’t align with your needs, there are other options to consider:

1. Stipulations with Request for Award (Stipulated Award): This option allows you to receive periodic payments for your permanent disability while retaining access to future medical care through workers’ compensation. It also leaves the door open to revisit your claim if your condition worsens within five years.
2. Trial and Award: If you and the insurance company cannot agree, a judge will decide your case. This process can secure ongoing benefits, but it may take longer and involve greater uncertainty.

How Recent Political Changes Might Impact Workers’ Compensation

While workers’ compensation laws are state-specific and unlikely to change immediately under the new administration, broader economic policies can indirectly affect injured workers. For example:

• Healthcare Accessibility: Changes to healthcare policy may influence your decisions about future medical care outside of the workers’ compensation system.
• Economic Trends: Fluctuations in the job market or inflation could impact your financial planning, making a lump-sum settlement more or less appealing.
• Regulatory Focus: A new administration might emphasize different priorities, such as supporting small businesses, which could indirectly affect employer practices and insurance company strategies.

Making the Best Decision for You

Choosing how to close your workers’ compensation case in 2024 depends on several factors, including:

• The severity and long-term impact of your injury.
• Your financial needs and stability.
• Your preferences for managing medical treatment.
• Your comfort with risk and uncertainty in the claims process.

At Franco Muñoz, we believe that every case is unique. Our experienced attorneys are here to help you weigh the pros and cons of each option and guide you toward a resolution that aligns with your goals.

Take Control of Your Case in 2024

As the political and economic landscape evolves, it’s more important than ever to make informed decisions about your workers’ compensation case. At Franco Muñoz, we have a proven track record of helping injured workers navigate their claims and achieve outcomes that work for them. Contact us today at (510) 257-4141 or visit www.francomunoz.com to schedule a free consultation. Together, we’ll find the best solution for your future.

About the Author: Steve Franco

Steve Franco is a highly accomplished workers’ compensation attorney and co-founder of Franco Muñoz Law Firm. Known for securing six-figure and million-dollar settlements for his clients, Steve is dedicated to protecting the rights of injured workers. He was honored with the Distinguished Leadership Award at the 2024 California Legal Awards for his exceptional advocacy and leadership in the legal field.