BLANKSettlements provides Structured Settlement services for the specific purpose of "funding" an MSA. There are significant advantages to funding an MSA obligation with a Structured Settlement:
We can also refer you to one of the great MSA Allocation Companies that we work with, for the purpose of preparing the MSA Allocation Report. These companies can also advise you as to if an MSA may or may not be needed in your specific case.
The Medicare Secondary Payer Act contains regulations that prohibit Medicare from making a payment where this is a primary payer involved. The regulations require that Medicare must be considered in any settlement when the injured person might rely on Medicare to cover any future medical costs related to the injury.
A Medicare Set-Aside is a bank account, set up to administer a Medicare Set-Aside allocation, used to pay the injured party’s injury related, Medicare covered expenses. It can be funded with cash or annuities. It is the preferred and recommended method of protecting Medicare’s interest as a secondary payer in settlements as required by the Medicare Secondary Payer statutes, and related memo’s.
The Centers for Medicare and Medicaid Services (CMS) will review and approve MSAs under certain circumstances (when closing Medical to "Qualified Individuals"
CMS defined "reasonable expectation" of Medicare enrollment within 30 months.
Important - The above-listed criteria are only for when CMS will review a MSA. These criteria are not for when a MSA is needed in a case and when it is not.
For more information please contact Centers for Medicare and Medicaid Services (CMS)