Are courts required to reduce a successful plaintiff's damage award by the amount of any benefits that the plaintiff has received or will receive from collateral sources in all actions for personal injury?
Yes. This includes proceeds received from the plaintiff's own insurance policy. However, no reduction will be made for life insurance benefits, certain Social Security benefits, and other benefits for which a lien may be imposed against the plaintiff's award.
NOTE: All damages in excess of the first $250,000 allocated for compensation for future pain and suffering must be reduced to the present day value by the court, and then paid out over 10 years or the length of the time determined by the jury, whichever is shorter.