FIG’s Medicare Set-Aside Updates and Ethics Class can be found on the Continuing Education webpage. Click Here FIG’s Medicare Set-Aside Certification Class is pre-approved by the International Commission on Health Care Certification (ICHCC) as meeting the educational requirements necessary to sit for the Medicare Set-Aside Consultant Certified (MSCC) exam.

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Did you know that a new person becomes eligible for Medicare every eight seconds? This impressive figure demonstrates the importance of that government-funded health insurance for people age 65 or with certain health conditions. If you’re a

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Medicare set aside

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This article is authored by guest blogger, Deborah Robinson Stewart, National Manager of Medicare Set-Asides, Genex Services. In its simplest form, the Medicare Set-Aside (MSA) is a pool of funding reserved for future accident‑related treatment once a workers’ compensation case is settled.

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2. Set aside Account – The Medicare set aside funds must be placed in an interest-bearing account checking or savings account. All interest earned on the Medicare set aside account has to be used solely for medical expenses from the accicdent/incident that would otherwise be covered by Medicare. 3.

Medicare set aside

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Medicare set aside

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Funds from a Medicare Set Aside (MSA) account must be available to pay for a claimant’s medical treatment related to their underlying workers’ compensation claim otherwise covered by Medicare “during the course of the claimant’s life.” See Workers’ Compensation Medicare Set-Aside Reference Guide, v3.1, sec. 3.0.

Other educational providers focus heavily on the law and insurance aspects of protecting Medicare’s interest. Medicare set-aside allocation is an agreement that takes place at claim settlement. It prevents the shifting of burden for future injury-related medical expenses from the carrier to Medicare. What Is Involved In The MSA Allocation Process? Although CMS issued Notice of Proposed Rulemaking regarding Liability Medicare Set-Asides (LMSA) and settlement of future medicals in 2013, it was withdrawn in October of 2014. In the fall of 2018, the Department of Health and Human Services issued an initial notification of proposed rulemaking related to the Medicare Secondary Payer Act. The Medicare Set-aside Certified Consultant™ (MSCC™) credential is designed to identify those professionals who work within the workers' compensation benefit system as either a health care professional, legal representative, or as an insurance claims adjuster, who have achieved specific pre-approved training in Medicare set-aside trust In work comp settlements, demands often are made for funding of a Medicare Set-Aside (MSA). An MSA is money set aside for future medical expenses incurred by the claimant.