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unexpected settlement numbers
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01-29-2011, 03:44 AM
(This post was last modified: 01-30-2011 12:19 PM by conserend.)
Post: #1
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unexpected settlement numbers
I was awarded 225 ppd payments i recieved all of the ppd payments in full. A year later i settle my medical portion of the claim. The indeminty portion was agread for 100,000.00 minus lawyer fees brings it to 93,000.00 thats fine
where i was thrown off by the numbers is were there asking for a credit of 50,000.00 for the ppd award that has already been paid to me the houndred thousand was reached by them calcalating my life expectancy from this point forward. why are they asking for the 225 ppd payments back |
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01-29-2011, 12:19 PM
(This post was last modified: 01-29-2011 12:32 PM by 1171.)
Post: #2
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RE: unexpected settlement numbers
the benefits you are eligible for and that you've bought out depend on your state. each state is different.
what state jurisdiction is your claim controlled by? you didn't put that information in your post or profile. the settlement papers should state what credits will be taken out of the amount written as the settlement amount. your atty also should have explained the terms. why did you think you'd get more PD then your rating allowed? do you know how much your rating was worth? what did you think the extra money was for? was it stated in the settlement documents? in califonia in non-death cases the only indemnity benefits are TD & PD. what other indemnity benefits does your state have that you thought you were getting paid for? in california pd payments prior to court award or settlement approval are called PD advances; meaning they will credited against the final amount determined. your state may have a similar designation or notificication. |
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01-29-2011, 12:35 PM
(This post was last modified: 01-29-2011 12:45 PM by conserend.)
Post: #3
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RE: unexpected settlement numbers
(01-29-2011 12:19 PM)1171 Wrote: the benefits you are eligible for and that you've bought out depend on your state. each state is different. |
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01-29-2011, 01:27 PM
Post: #4
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RE: unexpected settlement numbers
if you believe there was deceit or fraud you can try to get the settlement overturned.
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01-29-2011, 01:33 PM
(This post was last modified: 01-29-2011 01:55 PM by conserend.)
Post: #5
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RE: unexpected settlement numbers
(01-29-2011 01:27 PM)1171 Wrote: if you believe there was deceit or fraud you can try to get the settlement overturned. No i do not believ e there was deceit or fraud I just did not fully understand the ppd credit and its the weekend i have to wait untill monday to talk to the lawyer Thank you for your help. I was hoping to get some info about this before monday if this is what its supposed to be then its ok i just was not expecting to see the deduction |
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01-29-2011, 02:34 PM
Post: #6
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RE: unexpected settlement numbers
have your copy of the settlement papers ready when you talk to your atty as the wording should be in there as to what is deducted.
you should know the value of your PD and should have been paid your pd since medical is part of the msa there shouldn't be anything extra. they will not pay your pd twice. |
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