The Specifics Of California Workers Comp Financing
Many states allow for financing by third parties with regards to certain elements of worker’s comp cases, California being included as one of them. Being the largest population of workers in the United States, it is important to understand the rights that you have with regard to worker’s comp cases within the state of California, even before you are personally involved and have been hurt on the job. Worker’s comp itself is an insurance plan that protects both workers and employers from lengthy and expensive legal proceedings by limiting the ability of workers to pursue legal actions against an employer in exchange for protection under a specific format of negotiation and settlement. Workers who are hurt on the job are able to file against the worker’s comp insurance policy of the employer, and therefore not have their experience limited or compromised by their own ability to cover legal expenses out of their own pocket. The settlement of workers comp cases comes at the culmination of a series of steps that take place, generally involving legal counsel that has steered the employee’s case and made sure that all of the necessary elements are covered in order to get the maximum settlement. Many times, one of the aspects of legal counsel involvement is worker’s comp financing or workers comp funding, which involves the third-party payment of money, or the organization of deferred payments of money that are then recovered at settlement time.
Workers in California who are injured on the job and involved in the workers comp system will probably experience some form of financing if they engage the services of an attorney. That legal firm will either cover certain expenses themselves or engage in an agreement with another firm to cover certain aspects of the expenses. In the case of medical expenses that are necessary in advance of settlement time in order to provide the patient with the least discomfort or risk of further complications, a company like Med-Care Solutions is engaged by the law firm in order to handle the aspects of medical treatment that are necessary in order for the case to take it’s natural course. Through examination of the elements involved, Med-Care Solutions will underwrite specific procedures that are necessary at specific times, as well as sourcing those procedures to qualified participating medical providers if necessary, an involvement which eliminates mistakes and confusion as to the process through their extensive experience and knowledge of the procedure. Through Med-Care Solutions engagement, the necessary medical procedures are performed and documented as required by the California workers comp system, allowing the injured worker to benefit from the treatments that are necessary in a timely manner and additionally providing the legal firm with a more comprehensive scope of the treatment, thus assisting in the securing of a fair and equitable settlement. The only other potential workers comp financing elements that are ancillary to medical procedure funding are handled through the legal firm directly, and potentially could involve cash advances on settlement funds to cover living expenses. The major funding issues with California workers comp cases are traditionally the medical costs, and Med-Care Solutions provides the answers that both injured workers as well as the legal teams that represent them in California are seeking.