NMWorkers Comp2026

Workers Compensation Settlements & Structured Settlements in New Mexico

Workers compensation structured settlements have special restrictions in many states. Some states explicitly prohibit transferring workers comp settlement payments.

7

Active Buyers

13%

Avg Rate

55d

Avg Approval

66%

Avg Payout

Key Considerations: Workers Compensation Settlements in New Mexico

1

At least 20 states prohibit selling workers comp structured settlements entirely

2

Prohibited states include: CA, CO, FL, ID, IN, KS, KY, MD, MI, MN, MO, MT, NE, NY, NC, OH, SC, TN and more

3

Even in allowed states, courts apply extra scrutiny to workers comp transfers

4

Workers comp settlements may have different tax treatment than personal injury

5

Employer and insurer must typically be notified of any transfer attempt

6

Alternative: Some payees can negotiate new payment schedules with the insurer

Applicable Law

State-specific SSPA restrictions; workers comp statutes vary by state

Typical Settlement Range

$50,000 - $300,000

Workers Compensation Settlements Settlement Sales in New Mexico: What You Need to Know

If you are dealing with workers comp issues in New Mexico and considering selling your structured settlement, understanding the intersection of workers comp considerations and New Mexico's settlement laws is essential. New Mexico's SSPA, enacted in 2003, requires court approval to ensure any sale is in your best interest.

New Mexico has 7 active buyers competing for structured settlement payments. The average discount rate is 13%, though rates as low as 10% are available. Court approval typically takes 45-70 days.

Workers comp recipients checking whether their state allows selling and what restrictions apply. Whether this is the right decision depends on your circumstances. Use our free calculator to see what your New Mexico settlement could be worth as a lump sum.