mesothelioma financial compensation
Mesothelioma financial compensation averages from $1 million to $2.4 million. Financial compensation for mesothelioma may come from asbestos trust funds, settlements or jury verdicts. It typically takes less than one year to receive mesothelioma compensation from trust funds and settlements. It may take years to receive compensation from trial verdicts.
Compensation in mesothelioma is different for each type of claim. According to the 2011 2016 litigation report, the average mesothelioma judgment is about 2. It is one million dollars. Average settlement ranges from $ 1 million to 1.14 million. If the claim goes to trial at Mesothelium, a settlement can be reached or the judge can determine the amount of compensation, if the defendant is found guilty of asbestos exposure to asbestos.
mesothelioma financial compensation
If a loved one dies of mesothelioma, compensation may be available to family members, spouses, or dependents through a false death lawsuit filed on behalf of the estate.
If you or your loved one is not filing a legal claim, there may be other types of financial assistance available. We understand that filing a lawsuit feels overwhelming and stressful. There are other options for compensation, and it’s important to weigh all your options to decide what is best for your family.
How long it takes to get compensation depends upon the type of claim you file:
Deciding whether to file a lawsuit is an important decision in any situation, especially if you are coping with the stress of a terminal illness. A mesothelioma lawyer can provide the most accurate estimate of how long it might take to get compensation for your unique case.
Many companies that manufactured products with asbestos declared bankruptcy because of the large number of mesothelioma lawsuits filed against them.
This does not mean these companies have escaped liability. In bankruptcy protection, asbestos manufacturers are ordered to set up funds with enough money to compensate future asbestos victims. Most trust funds contain hundreds of millions of dollars, and some even contain billions.
If you develop mesothelioma as a result of exposure to an asbestos product made by a company that went bankrupt, your legal claim is processed through the bankrupt company’s trust fund rather than the court system.
Trust fund claims are processed quicker than mesothelioma lawsuits because they don’t have to be processed by the court system. Claimants typically receive compensation within a couple months.
A mesothelioma personal injury lawsuit is the best type of claim to file if your family needs compensation to pay for medical bills and other expenses. If a person dies of mesothelioma, their estate may be able to file a wrongful death lawsuit.
mesothelioma financial compensation
There are two types of mesothelioma lawsuits:
If the defendants do not settle and your case goes to trial, a jury will rule them liable or not liable. If the defendant is found liable, the trial verdict will include monetary compensation. Each mesothelioma case is unique, and there are no set guidelines for compensation.
If you win, the amount owed to you depends on the facts of your case and other factors such as medical costs and lost income.
According to a 2020 KCIC industry report, more than 4,000 mesothelioma lawsuits seeking compensation were filed in the U.S. in 2019.
A settlement happens when a defendant offers compensation to a mesothelioma plaintiff to drop the lawsuit.
Many mesothelioma lawsuits are settled out of court and never reach a jury trial. A qualified asbestos law firm will negotiate settlements on your behalf and advise you on whether to take the compensation or pursue a trial.
Several factors affect whether your mesothelioma lawsuit may reach a settlement:
Anyone diagnosed with mesothelioma that was exposed to asbestos can file a claim for compensation. An experienced asbestos Atwater Pachecoorney can help gauge your eligibility and case value.
Consider the following steps to get mesothelioma compensation:
The most important step is finding an attorney with the right experience. You want to select an attorney who exclusively handles mesothelioma lawsuits. They will have the experience necessary to handle your case and maximize your compensation.
No one is expected to remember everything about their work, health, life and exposure history. It’s simply too much information, and the time between exposure and diagnosis is too long.
This is one of the reasons why people file lawsuits instead of workers’ compensation claims. Too much time has passed to even legally file this kind of claim.
That’s why the single most important action you can take when considering an asbestos claim is to speak with a qualified mesothelioma attorney. They have resources to trace your exposure history that other attorneys do not have, and those resources can help your case significantly.
It is important to track all of the expenses related to your mesothelioma diagnosis and treatment. If you are unsure of what to track, think about how your illness has changed your daily lifestyle and your budget.
Expenses can include:
In addition to compensation from a mesothelioma claim, you can take advantage of other types of financial assistance. These programs are designed to help anyone with a serious illness. Some of these programs can provide financial assistance in just a few weeks or months.
Many people who served in the U.S. armed forces – especially those who worked in shipyards – were exposed to asbestos.
Veterans have a right to file a VA claim seeking compensation for any illnesses that developed as a result of their military service. The paperwork can be confusing and complicated. A VA-Accredited Claims Agent can help.
VA-Accredited Claims Agents also recommend that veterans file a VA claim at the same time they file a legal claim. Waiting to file them separately will only delay things. Compensation received from one claim won’t impact the other, which means you’ll receive compensation quicker if you file these claims at the same time.
Health insurance can help offset your expenses. If you already have insurance, review your out-of-pocket deductible and copay amounts as well as any limits on coverage.
If you receive benefits through your employer’s group health insurance plan and are unable to return to work, your employer will usually stop paying for your health insurance. You can continue your coverage for a limited period of time, but your premium will cost more.
Be sure to review your insurance documents, get more information from your insurer and talk with your human resources manager.
You may be eligible for Medicare or Medicaid benefits. These government programs offer health care benefits for eligible senior citizens, people with disabilities and people with limited income.
If you have long-term disability insurance, you may be able to receive a percentage of your salary.
Usually, this is only available if you will be away from work for more than several months. You have to submit paperwork so your insurer can determine if you are eligible for benefits. This includes documentation from your doctor verifying your disability.
It typically takes one to four months to start receiving benefits. Your policy may also limit how long you can receive benefits. Like health insurance, if you do not already have long-term disability coverage when you are diagnosed, you may not be eligible for a new policy.
If you are unable to work because of your illness and you are still eligible, you can apply for Social Security Disability Benefits.
You may qualify to receive a disability determination within days, but it usually takes several months to apply for and begin receiving benefits.
The Compassionate Allowances program allows patients with certain serious diseases to apply for benefits under a fast-track process. Pleural and peritoneal mesothelioma patients are eligible for this program.
Assistance may be available in your local community. Some organizations provide grants to help families with transportation, lodging, food and other out-of-pocket costs that arise during treatment.
There may also be volunteers in your community who can help you with errands, transportation and other caregiving duties. Contact your local chapter of the American Cancer Society or another cancer support group for more information.
Is compensation available for asbestos exposure?
Anyone diagnosed with mesothelioma as a result of asbestos exposure is eligible for compensation. Forms of compensation include settlements which avoid trials. A wrongful death lawsuit can be filed in the event of a loved one’s death due to mesothelioma. Mesothelioma lawsuits usually provide the highest amount of compensation to family members, spouses or dependents.Who is eligible for mesothelioma compensation?
If you or a loved one has been diagnosed with mesothelioma or asbestos-related disease, you may be eligible to file a mesothelioma claim for compensation. If a loved one died of mesothelioma, a lawyer or firm that specializes in mesothelioma can help family members file an asbestos claim after deathIs compensation still available from asbestos trust funds?
Approximately 60 active asbestos trust funds remain open with an estimated $30 billion available for claimants. Since the late 1980s, these trust funds have paid out about $20 billion including an estimated $15 billion paid between 2006 and 2012.How can I apply for asbestos compensation?
The first steps in applying for asbestos compensation include speaking with a mesothelioma lawyer and finding out what type of compensation is most appropriate for your case.How do I find an attorney who specializes in asbestos cases?
You can begin your search for a mesothelioma lawyer by asking the right questions of a law firm: Can you provide free case review? What’s your track record of success? How many years have you practiced mesothelioma cases? Are you available across the nation? What databases can you access for asbestos information?