What is the advantage of doing both a post structured settlement for a MSA and non-MSA charges?

  • By admin
  • 10 December, 2012
  • Comments Off on What is the advantage of doing both a post structured settlement for a MSA and non-MSA charges?

The ability to fund expenses that are not covered by Medicare.  This can be put in the Structured Settlement to make sure that those expenses are included as part of the Agreement of the funds will be available when needed.  Examples of non-MSA charges would include:

  • * Additional care at home
  • * Companions
  • * Temporary residence while transitioning
  • * Specialized vehicles
  • * Special assistance while traveling or on vacation

The advantage of including non-MSA charges as part of the Structured Settlement Agreement include:

  • * Verifying and maintaining benefit eligibility;
  • * Settlement Agreement provides guidance for MSA and other settlement funds;
  • * Shielding from the burden of reporting;
  • * Giving peace of mind because a trusted resource assists in managing future care and avoids post settlement liability;
  • * Ensuring the approved allocated funds are used for their intended purpose, and;
  • * Delivering a uniform method to comply with disbursement and reporting obligations, as well as protecting ongoing entitlement to Medicare.

Payers benefit in the following ways:

  • * Guaranteed MSA Compliance
  • * Shielded from MSA penalties or litigation
  • * Greater reversionary interest amounts through expert cost containment and funds management
  • * Easier accounting, administration, and auditing of disbursed funds

Claimants benefit in the following ways:

  • * Protection of funds made available for all needs, when needed
  • * Easier management of funds allocations
  • * Protection of Medicare benefits
  • * Guaranteed MSA Compliance

Attorneys benefit in the following ways:

  • * Guaranteed MSA Compliance
  • * Shielded from MSA penalties or litigation
  • * Decrease of post-Settlement queries from claimants or payers over MSA Compliance

 

 

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