Medicare Set Aside

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Latest post 10-27-2009 3:26 PM by stevepsca. 1 replies.
  • 10-27-2009 9:45 AM

    Medicare Set Aside

    I signed the Medicare Set Aside papers a year and a half ago.  How long does it take for Medicare Set Aside matter to resolve and to get settlement monies?

  • 10-27-2009 3:26 PM In reply to

    Re: Medicare Set Aside

    I have one sitting in front of me right now... approved by CMS/Medicare May/2007.

    Just because the MSA has been submitted and reviewed/approved by CMS, does not mean you have settled your claim.

    HAVE you signed a C&R/Compromise and Release to resolve/settle all issues in your claim?

    That would trigger a check.

    Are you fully aware of the reason for a WCMSA, and the amount of involvement of your time in administating the fund.?

    If there is a significant amount of money for indemity, future medical...an account for non Medicare treatment and another for Medicare approved services, have you investigate the possibility of a Structured Settlement?

    By doing so, you would be guaranteed a life long tax free stream of income, with an estate value if you die prior to the guarantee period. Lump sums of cash have a real tendancy to dissappear rather quickly...that is the reason Medicare decided to demand the WCMSA in the first place.

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