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New York Workers Compensation Form

New York Workers Compensation Form

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Instructions and help about workers compensation board ny

Settling Your Claim Workers’ compensation is   insurance that provides cash benefits and lifetime  medical care if you are injured or become ill   as a direct result of your job. But you and the  insurance company can agree to permanently close   your claim in exchange for one lump-sum payment or  an annual payment. This is known as settling the   claim with a Section 32 waiver. It’s a waiver  because you’re waiving your right to future   compensation in exchange for this payment today. Because a workers’ compensation claim can pay   both lost wages and medical care, we’ll review  how a Section 32 waiver effects both of these.   You can settle one and keep the other open  – so you get benefits the same way you do   today – or you can close both. That’s  up to you and the insurance company.  What parts of a claim can be permanently closed? First, let’s talk about the lost wages.  You can take one lump-sum payment for your  future lost wages or

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