Calculator Form
Example Data Table
| Scenario | Weekly Rate | Weeks | Monthly Medical | Risk Factor | Fee | Estimated Net |
|---|---|---|---|---|---|---|
| Moderate claim | $800 | 130 | $450 | 85% | 15% | $103,162.45 |
| Higher medical need | $900 | 160 | $700 | 90% | 15% | $161,849.61 |
| Lower risk value | $650 | 100 | $300 | 70% | 15% | $54,614.18 |
Formula Used
Indemnity Value = Weekly Rate × Remaining Weeks + Indemnity Adjustment.
Medical Present Value = Monthly Medical × [1 − (1 + monthly rate)−months] ÷ monthly rate.
Base Value = Indemnity Value + Medical Present Value.
Adjusted Gross = Base Value × Risk Factor × Negotiation Factor − Prior Credits.
Attorney Fee = Adjusted Gross × Attorney Fee Percent.
Net Settlement = Adjusted Gross − Attorney Fee − Liens − Costs − Medical Set Aside.
Required Gross = Desired Net plus deductions, divided by one minus the fee rate.
How To Use This Calculator
Enter the weekly compensation rate and remaining benefit weeks.
Add any known indemnity adjustment or disputed value.
Estimate monthly future medical costs and expected duration.
Use a discount rate to convert future medical value.
Adjust the claim strength factor for litigation risk.
Add liens, costs, attorney fees, and reserve amounts.
Press calculate to view gross, deductions, and net value.
Download the result as CSV or PDF for review.
Section 32 Settlement Calculator Guide
What This Calculator Does
A Section 32 settlement calculator helps estimate a possible lump sum. It combines wage loss, future medical value, liens, fees, and costs. The goal is not to set a final award. The goal is to organize the main settlement numbers. This makes the discussion clearer. It also helps compare several offers.
Why Inputs Matter
Small input changes can move the final value. Weekly compensation rate affects indemnity value. Remaining weeks affect wage loss exposure. Monthly medical reserves affect future care value. The discount rate reduces future costs into present value. The risk factor reflects proof issues. It may also reflect medical disputes. It can reflect hearing risk too.
Gross Value And Net Value
Gross settlement is not the same as net recovery. The calculator first estimates a base settlement value. Then it applies risk and negotiation adjustments. Prior credits reduce the adjusted gross amount. Attorney fees, liens, costs, and reserves reduce the final amount. The net number shows the estimated amount left after deductions. This number is often the most useful planning figure.
Medical Reserve Planning
Future medical value can be difficult to estimate. Treatment needs may change. Medication costs may rise. Surgery risk may remain uncertain. Some cases may need a medical set aside review. This calculator lets you add a separate reserve amount. That helps keep medical planning visible. It also avoids hiding medical costs inside one total.
Using Results Wisely
Treat the result as a planning estimate. It is not legal advice. It is not a board approval decision. It is not a promise of payment. Use the result to test assumptions. Change the risk factor to compare outcomes. Change medical years to see long term effects. Change fee and lien inputs to study net recovery. Always review settlement terms with qualified counsel before signing.
FAQs
What is a Section 32 settlement?
It is usually a lump sum settlement that closes some or all workers compensation rights. Terms depend on the case, medical issues, and approval rules.
Does this calculator give legal advice?
No. It only provides a planning estimate. Settlement decisions should be reviewed with a qualified attorney or licensed adviser.
What is the weekly compensation rate?
It is the weekly benefit amount used to estimate wage loss value. Enter the known rate from case records or benefit notices.
Why is future medical discounted?
Discounting converts future expected medical costs into today’s value. A higher discount rate usually lowers the present value estimate.
What does the risk factor mean?
The risk factor adjusts value for disputed issues. It may reflect medical proof, employer defenses, permanency disputes, or negotiation pressure.
Should liens be deducted from gross settlement?
Many liens or unpaid bills can reduce net recovery. Enter known lien amounts so the calculator shows a clearer net estimate.
What is a medical set aside reserve?
It is a separate amount reserved for future medical obligations. Whether it applies depends on the claim and settlement structure.
Can I compare multiple settlement offers?
Yes. Run each offer with different inputs. Compare adjusted gross, deductions, and estimated net amounts side by side.