Synergy Blog

Synergy obtains 100% reduction from self-funded ERISA plan for a savings of $204,675.38

This case involved a products liability action where a man fell from a ladder that “telescoped” while he was working on the roof of his home.  The plaintiff suffered major life altering injuries and remains in a persistent “locked-in” state.  The plaintiff’s attorney engaged a renowned economist who prepared a life care plan in excess of $10,000,000.00.  There was $4,000,000 in past medicals.  Due to liability concerns the plaintiff’s attorney negotiated a favorable high/low agreement during jury selection.  After a 3 week trial, the jury came back with a defense verdict and the injured plaintiff was only able to collect under the high/low agreement.  Confronted with a mountain of health care liens and a limited recovery in relation to the massive damages suffered, plaintiff counsel engaged Synergy Lien Resolution Services to reduce the liens so the plaintiff could retain more of the net settlement.  Synergy immediately took action and after having their arguments presented to the Board of the ERISA plan, a full waiver of the lien was granted.  The result was a savings of $204,675.38 for this very injured man and his family.

TESTIMONIALS

"Whenever I have turned to Synergy, their team has always been there for our firm and our clients. They always take the time to answer all our clients’ questions and provide quick, accurate and reliable information so they can make an informed decision regarding structured settlements. With Synergy on our side, we know that our clients are getting the best service and the best structured settlements."

Troy Rafferty
Levin, Papantonio, Thomas, Mitchell, Echsner & Proctor

"I don't think I've directly said "thank you" for helping us with Bridgett’s case. We sent the reduced payment to Medicaid and called Bridgett's mom to tell her approximately how much money was going to be left for Bridgett and she broke down over the telephone. Given only $25k of insurance and a $850k medical bill from the hospital she didn't think Bridgett would ever see a penny."

Tom L. Copeland
Jeffrey Meldon & Associates, P.A.

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