Medicare Set-Asides (MSAs): Insights Supported by NRRDA for Cost-Efficient Settlements with Medicare Beneficiaries
Discover valuable insights into Medicare Set-Asides (MSAs) and how they can revolutionize cost-efficient settlements with Medicare beneficiaries. In this compelling article, written by Heather Sanderson, Esq., President of Sanderson Firm PLLC, debunk common misconceptions surrounding MSAs and explore their crucial role in protecting the rights and benefits of individuals involved in personal injury settlements. Gain an in-depth understanding of the purpose and impact of MSAs, ensuring Medicare doesn't shoulder the financial responsibility that rightfully lies with employers and workers' compensation carriers.
We are thrilled to collaborate with the National Retail & Restaurant Defense Association (NRRDA) in promoting awareness and understanding of Medicare Set-Asides. NRRDA has been an industry leader in advocating for fair settlements and providing invaluable resources.
While the CMS WCMSA Reference Guide recommends MSA submissions for review, it's important to note that the process remains voluntary, with no statutory or regulatory requirements. Recent updates clarify that Non-Submit MSAs won't automatically shift the burden to Medicare, provided appropriate allocation and exhaustion of Non-Submit/EBMSA funds are demonstrated.
The article also explores the status of Liability Medicare Set-Asides (LMSAs) and the withdrawal of CMS's proposed rule on "Medicare Secondary Payer and Future Medicals." Though formal guidance on LMSAs in liability settlements is currently lacking, the underlying MSP Act requirements to safeguard Medicare's interests persist. Delve into the unique challenges involved in addressing future medical obligations in liability claims and gain a renewed understanding of the importance of considering Medicare's interests in settlement processes.
Read the full article here to gain invaluable insights and stay informed on the latest developments regarding Medicare Set-Asides. Join us in dispelling misconceptions and fostering clarity and fairness in personal injury settlements. Together, with the support of NRRDA, we can make a difference.
