A structured settlement is the periodic payout of a settlement amount over a period of years, intended to meet the present and future medical needs of the injured party (claimant) on an income tax-free basis. This type of funding vehicle provides a proven, effective solution for the needs of the injured party. Claims professionals, claimant attorneys, defense attorneys, and judges advocate the use of a structured settlement in workers' compensation and general liability cases because it effectively meets the injured party's needs for security, providing more benefits over time than a single, lump sum settlement.

Click here to set up a Medivest Account

Benefits of Structured Settlements

For the injured party

• Meets the present and future needs of the injured party on an income tax-free basis

• Tailored to meet future medical expenses, basic living needs or anything agreed to at settlement

For the Claimant's attorney

• Offering a structure to the claimant insulates the claimant attorney from potential legal malpractice cases

For the Defendant

• Faster, more efficient resolution of pending claim files

• Relieves carriers of administrative responsibilities and provides reversionary benefits

For the Civil Litigation System

• Judges view these types of agreements as an avenue for earlier conflict resolution

For more information on Structured Settlements please visit the National Structured Settlements Trade Association web site.