Should You Finish Medical Treatment Before Receiving an Injury Settlement?

Whether you’ve been injured in a slip and fall, a car crash, or another type of accident, you’ve decided to pursue compensation—but what do you do if you have a long road to recovery ahead of you? If your injuries require a lot of medical treatment, negotiating a settlement can be difficult.

That’s why it’s important to work with an experienced team of personal injury lawyers in Cheshire. At The Dodd Law Firm, we understand how important it is that you get the right compensation for your injuries. Call us at 203-272-1883 to set up a consultation with our team now.

Understanding the Complexities of Your Case and Injuries

First, it’s crucial to understand that your attorney’s recommendations will vary dramatically depending on the circumstances of your case. If you have a set end date for your treatment and minimal risk of complicating injuries, waiting a couple of weeks to receive a settlement may not be too inconvenient. But if your injuries are incredibly complex and you could be receiving treatment for months or years, you may not have time to wait for a settlement; you still have bills to pay, food to put on the table, and income to replace. In those circumstances, securing a settlement prior to finishing treatment may be necessary.

Benefits of Waiting

There are numerous benefits that come with waiting to agree on a settlement number. First, it gives you the opportunity to find out how much your injury truly costs. You’ll have a better understanding of your medical expenses, how long you’ll be away from work, and other money sunk into your injuries. This puts you on more solid ground for negotiating. Additionally, waiting ensures that you’re able to request additional compensation if your injuries result in any unexpected side effects or delays in recovery. Basically, waiting ensures that you know precisely how much your injuries will cost you and how much you should settle for.

Benefits of Securing an Earlier Settlement

While it’s often better to negotiate a settlement after you have finished medical treatment, that simply isn’t always possible. If you desperately need the money from your settlement to pay bills and otherwise care for your family, accepting a settlement before finishing treatment could be your only option. You may want to exhaust your other options before, such as reaching out to friends or family members for loans. 

Agreeing to a settlement before you have reached maximum medical improvement can also allow you to start paying down your medical bills earlier, which is beneficial if your care providers charge interest on your unpaid balances or if they send you to collections after a certain period of time. Unfortunately, accepting an early settlement does mean that you risk giving up compensation for any secondary injuries that occur as a result of your initial injury. Once you’ve signed the legal documentation and received the settlement, you have no more wiggle room to ask for more money.

Working Through Your Options with Your Attorney

This is a complicated question, and it’s essential that you discuss your options with your attorney before making any final decisions. Your attorney has the most extensive knowledge of your accident, injuries, financial circumstances, and what the other party is or is not willing to offer. By discussing your concerns with them openly and honestly, they can provide professional guidance and help you make the best decision for you and your family.

Don’t forget to include your medical care providers in this discussion. They should be able to provide insight into the prognosis of your condition, how likely you are to suffer complications, and how long you may be out of work following treatment. By exploring your options with your legal team and your medical team, you can figure out the best option for your unique situation.

Reach Out to The Dodd Law Firm Today

Ready to start your Cheshire personal injury claim? The team at The Dodd Law Firm is here to help. Let’s set up a consultation and discuss your legal needs. Call us at 203-272-1883 or send us a quick message online to schedule a consultation with our personal injury attorneys right away.