Like you NYMike, and others, I'm relatively a young man, and the one thing I don't want to ever lose is my future medical. Even if I live another 30 years and keep my case open for those thirty years, keep the maximum weekly benefit, I would never come close to what I would of made if I still were able to work. That being said, what little income I'll receive by taking a 10 year settlement and opting out WILL HAVE TO BE PROTECTED BY FUTURE MEDICALS! We all have seen how much medical costs have shy rocketed and, even if I took, say $200,000 now, I probably won't have enough money for a major surgery which may cost MORE than what I settled for next week, next year or in 15 years! I figure, WHY does the IC want us to settle; is it for their benefit that we settle? NO!
If I were 15 years older I may take a settlement, bank it and pray that I won't need to use it for a future surgery.
One thing I have to say: I was injured in 1988, I toughed it out, went back to work, did all the PT, shots etc for my back injury. Now, I'm facing a major surgery for what I put my back thru after it was injured, if I would of corrected it surgically, then I wouldn't be facing this major surgery now. So, if a surgical intervention can correct a problem from getting worse in the future, DO it, I wish I did!
Unless someone can give me concrete reasons or intelligent wisdom on why it would be better to settle now, then, I don't plan on ever settling with comp! The looking over the shoulder etc it isn't a problem and or pain unless you let it be one, if you follow your restrictions, go to the doctor etc., then you are covered! The IC is a real pain in the you know what but, I plan on being a lifetime pain in their you know what!
OK off my soap box for now!