"Open Medical or Lump Sum Payment? Which Should I Take In My Workers Comp
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Ongoing, First published Apr 17
Worker's comp cases often involve a choice between open medical or a lump sum payment for future medical expenses. Open medical means settling the case while keeping medical coverage open indefinitely for any future issues related to the injury. Advantages of open medical include assured coverage for future medical needs, but drawbacks include potential interference from the insurance company or employer and complications if they go out of business.All Rights Reserved
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