Is there future medical care involved? Is there a permanent shift of burden? These things may equate to the need for an MSA (Medicare Set Aside). Use this equation to determine if an MSA is necessary in your legal case.
FCC + PBS = MSA
The requirement is to protect Medicare’s interest (per SCHIP Section 111)
This can be accomplished formally or informally. A more formal protection of Medicare’s interest would be in the form of an MSA report.
MSA (where FCC = Future Cost of Care; PBS = Permanent Burden Shift, and MSA = evaluate the need for a MSA/do an MSA report).
As a Certified Medicare Set Aside Consultant, I can assist you with your Workers Compensation or Liability set aside allocation. Contact me today for any questions, concerns or even to speak to your group about how you can protect yourself as well as Medicare’s interest.
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