Settlements sometimes stall because the injured person is concerned that a future surgery will be required, even though the payor believes that it will not be necessary. This impasse can cause claims that would otherwise settle to remain open indefinitely, creating a headache for the adjuster managing the claim.The injured person doesn’t want to settle. They suspect they may need an costly surgery sometime in the future. It seems highly unlikely to the payer that the surgery will be necessary, and the cost associated with it would drastically increase the settlement. Both parties are at a stalemate.
To resolve this stalemate, the payer contacts Medivest about establishing a Settlement Solution Escrow Account. Medivest produces a medical cost projection to determine the potential cost of the surgery. The payer funds the Settlement Solution Escrow Account with an amount that’s reasonable and agreeable to the settling parties.
