A Medicare set-aside is a special kind of trust used to pay for future medical expenses normally covered by Medicare related to the injuries sustained in the industrial accident. These funds can be complicated to understand and set up, so getting the guidance of an expert, like a Workers’ Compensation Attorney in Ocala, is greatly recommended. Here are some frequently asked questions about MSA.
What is Required for a Medicare Set-Aside?
If you have or are getting a workers’ compensation settlement, part of your settlement might need to come in the form of a Medicare Set-Aside. Although CMS approval is not mandatory for all types of workers’ compensation settlements, an individual or beneficiary may want to seek CMS review to ensure compliance and to avoid potential sanctions, like The Centers for Medicare and Medicaid seeking reimbursement for medical expenses paid by Medicare.
What Does a Medicare Set-Aside Cover?
A Medicare set-aside covers future medical expenses related to the workers’ compensation injuries normally covered by Medicare.
Who Can Help Me with a Medicare Set-Aside?
Without expert knowledge, setting up a Medicare Set-Aside is a difficult and complicated process. Not every case needs one, but before you settle your workers’ compensation case you should consult with an Ocala Workers’ Compensation Attorney and find out if you are required to have a Medicare Set Aside Trust and/or CMS approval. Contact the Law Office of JW Chalkley III, PA at (866) 629-7511 or fill out the online contact form.