Synergy Blog

Lien Res Success Story – Synergy’s experienced negotiators reduce a self-funded ERISA lien by 96% for a savings of $211,327.07

This case involved a plaintiff was injured when he jumped from a balcony and landed head first on the concrete pavement below.  Due to liability issues plaintiff’s counsel was only able to obtain $75,000 from the property owner’s insurance carrier.  The plaintiff’s medical bills were paid from his employer’s self-funded ERISA plan who asserted a subrogation/reimbursement claim  in the amount of $220,000.  Despite very strong plan language, and reliance on U.S. Airways vs. McCutchen , Synergy’s experienced negotiators were able to reduce the repayment demand to $9,000.00.  This is a reduction of 96% and allowed the severely injured plaintiff to retain the vast majority of his settlement proceeds. 

TESTIMONIALS

“Synergy is our guiding light for deferring our contingent legal fees and planning for retirement. The lawyers at Panter Panter & Sampedro, myself included, have been working with them for over ten years using different methods to defer comp and plan for retirement.”

Brett Panter
Panter, Panter & Sampedro

"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.

Effective Techniques for ERISA Lien NegotiationThird Thursday Webinar

Join us this month for a special presentation by the Director of Lien Resolution, Teresa Kenyon, Esq. where she will discuss techniques for effective ERISA lien negotiation. A 15-minute question and answer session will follow.

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