Parties may stipulate to disability findings and benefits, or enter a compromise and release closing the claim entirely including future medical. Approval by the board or judge is required.
Medicare interests must be considered.
Alternative Names:
Stipulation and Award|Compromise and Release
Why it Matters?
Compromise and release closing future medical requires Medicare set-aside consideration where the claimant is a beneficiary or reasonably expects to become one, and failure to address it exposes the settlement to CMS recovery. Approval standards also vary, with some jurisdictions scrutinizing whether the settlement serves the employee's interests. Stipulated awards leaving medical open carry ongoing exposure that a full closure eliminates.
Frequently Confused with
Related terms
Frequently asked questions
What does a compromise and release accomplish?
What must be considered before closing medical?
