Full Commutation: This refers to a lump sum payment of all remaining future benefits. If this type of settlement is approved, then all of the Iowa worker's rights for future benefits ends. This includes the right to medical benefits. Full commutation must be approved by the Iowa Workers' Compensation Commissioner and is granted if it is shown that the worker has a specific need for this type of settlement and it is in their best interest.
Partial Commutation: This refers to a lump sum payment of a portion of the remaining future benefits. It must be approved and it establishes an Iowa worker's entitlement to disability benefits, however does not end future rights to benefits.
Agreement for Settlement: This refers to a settlement agreed upon by the Iowa worker and employer stating the amounts and compensation schedule and must by approved by the Iowa Workers' Compensation Commissioner. This agreement does not end the Iowa worker's future rights or medical benefits for the settled injury.
Compromise Settlement: If there is a disagreement as to whether or not the Iowa worker is entitled to work comp benefits, this type of settlement may be filed with the Iowa Workers' Compensation Commissioner. If the commissioner approves the compromise settlement, this ends the Iowa worker's future rights to any benefits for the settled injury. Medical benefits shall remain under the jurisdiction of the commissioner.