A Medicare Set-Aside (MSA) allocation is a financial agreement that reserves a portion of a settlement for future expenses that would otherwise be paid for by Medicare related to a workers’ compensation injury, illness or disease.
The Centers for Medicare and Medicaid Services (CMS) suggests an MSA proposal for all settlements and that every case is unique.
CMS can obtain double recovery profits against insurance carriers, their legal counsel and their advisors—any council involved in a settlement—because of workers’ compensation, liability or no-fault settlements when the financial interests of CMS are not protected with an MSA.
We offer best practices with a clinical approach for formulating Medicare Set-Aside allocations to remain compliant with Medicare. We provide MSAs for workers’ compensation, liability and no-fault settlements. MSAs can be formulated in conjunction with your life care plan for settlement or individually.