Key Things To Know About Medicare Set Asides
Category: Uncategorized
Author: Georgina Tyburski
Posted: Friday - March 4, 2016
In personal injury cases where there is a third party responsible for the accident, Medicare adopts the position of secondary payer. This means that Medicare has a vested interest in the expenses incurred by the injured party, both present and future costs. A Medicare Set Aside arrangement is one such mechanism which Medicare relies on to protect its vested interest.
A Medicare Set Aside is an arrangement where money from a settlement set aside to pay for future expenses that would otherwise be covered by Medicare. This arrangement can be required by law depending on the type of settlement, and in the events that these funds run out, Medicare will then pick up the tab on applicable expenses.
If you or someone you know are dealing with organizing arrangements for Medicare Set Asides, we highly recommend that you consult with a qualified legal nurse consultant to help protect your interests above all else. Medicare Set Asides can be lengthy affairs and could involve high set-aside amounts which increase your settlements costs.
How A Legal Nurse Consultant Can Help You With Your Medicare Set Aside
A professional who is well-versed in both law and the medical field, such as a legal nurse consultant, can prove to be a valuable ally when it comes to Medicare Set Asides. They rely on their extensive medical knowledge to present the circumstances of your case in a manner that is fair to your needs, which helps decrease your settlement costs. In addition, a legal nurse consultant can help you obtain a low defensible set aside amount, and help ensure that you experience quick turn-around times during every step of the process.
When it comes to settlements, it is important that you follow all legal requirements and guidelines while protecting your interests. We at Legal Nurse Consultants USA can help. For any other questions involving Medicare Set Asides, or to speak with a legal nurse consultant today, be sure to give us a call at 877.211.7562.
