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future medical
#1
I would like some information my future medical benifit when my workmans comp
settled i took the settlement money and kept the future medical now after 5 plus
years i have had nothing but trouble getting anything approved I have heart problems,
diababetes, hypertension & left knee replacement that needs a knee revision all are considered
industrial to be treated by my future medical benifit my percentage of disability is 63%

I am on medicare now and don't need or want my future medical, i have requested
my attorney to cash out my future medical benifit he says that their will be a Medicare
Set Aside.

Is the Set Aside amount the entire award or is it a percentage of the award
my attorney says it's a percentage but i have also heard that all of the award
is kept for the Medicare Set Aside
 
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#2
I don't know what state you are in, but since Medicare is Federal, I assume it is similar in all states. Where I live in PA, approval must be obtained for the MSA from Medicare. That amount must be used strictly for the MSA; however, the parties can negotiate a premium on top of that amount. Additional amounts that may be negotiated may vary from state to state.
Timothy D. Belt
DISCLAIMER: This post is intended as general information applicable only to the state of Pennsylvania. The answer given is based only on the facts provided. This post is not intended to create an attorney client relationship, or to provide any specific guarantee of confidentiality.
 
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#3
thank you very much i live in California one
more question is the value of my future medical
a larger sum and a portion of of that sum is used for the
set aside
 
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#4
your future medical estimate could be broken down into items covered by medicare and those that are outside of medicare but covered by workers comp the Medicare portion would be covered by the Set Aside
Reminder :
........Each state has their own comp system; POST YOUR STATE to get accurate information. Use the search feature to find information from similar questions.
THANKS FOR POSTING.
 
Reply
#5
again thank you very much i will find out in the
next few months
 
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