The Medicare Secondary Payor Act has always required the determination of a “set aside” of some amount of funds related to paying for future care of an injured worker.
However, in the past few years, the Centers for Medicare and Medicaid Services (CMS), has indicated that parties involved in a liability suit (i.e. personal injury, medical malpractice, etc.) must “consider” Medicare’s interests. While there are a variety of interpretations as to what is required at this time, it is important for all parties to a liability action to mitigate their risk for future Medicare denials of coverage for the plaintiff. We take a comprehensive review of the situation to determine the best way to reduce out of pocket medical costs.
While Plaintiff Attorneys play a vital role in securing necessary funds to help compensate their clients who are victims of negligent injuries, there are important considerations that reach far beyond settling the case, and have long term effects on the injured client.
A Qualified Settlement Fund (QSF) allows tax payers involved in litigation to receive settlement funds and potentially avoid tax ramifications until the funds are otherwise paid to the taxpayer. Often times a QSF is used in mass tort or other types of class action litigation.
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954 Greentree Road
Pittsburgh, PA 15220
866-740-3986
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