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Workers' Compensation: CMS Posts WCMSA Self-Administration ...
(c) 2018 Jon L Gelman, All Rights Reserved.
Monday, April 14, 2014
CMS Posts WCMSA Self-Administration Guidance
A new�WCMSA Self-Administration�page has been added to the�Workers Compensation Medicare Set-Aside Arrangement�section of�CMS.gov. The new page contains information for individuals who choose to self-administer their WCMSA accounts. Materials available on the new page include:
New Self-Administration Toolkit for WCMSAs�
Account Expenditure for Lump Sum Account (Attestation Letter)
Account Expenditure for Structured Annuity (Attestation Letter)
Transaction Record Sample
Date: 2018-03-23 15:56:46
Related topics : administering your lump sum workers compensation medicare set aside arrangement / workers compensation medicare set aside arrangement / workers compensation medicare set aside / medicare set asides / medicare set aside account
Medicare's Interest in a Third Party Liability Settlement
In 2007, Section 111 of the Medicare, Medicaid, and SCHIP Extension Act (MMSEA) amended the Medicare Secondary Payer (MSP) provisions of the Social Security Act to provide for mandatory reporting for group health plan arrangements, liability insurance (including self-insurance), no-fault insurance, and workers' compensation. The mandatory reporting provisions of MMSEA will be effective January 1,...
Commentary: It’s Not All About the Medicare Set Aside
When resolving a workers' compensation case for a Medicare eligible individual, a Medicare Set Aside is established to pay for Medicare covered services that are related to the worker's injury. The MSA may be in the form of a trust, custodial account or self-administered account. Remaining portions of the settlement typically take the form of a lump sum, annuity or combination of the two. By...
CMS Publishes Self Administration Toolkit for WC Medicare ...
On March 21, 2014, CMS published its first Self Administration Toolkit for Workers Compensation Medicare Set Aside Arrangements (WCMSA). CMS had previously provided significant leadership on WCMSA administration matters through the several Policy Memos and Reference Guide it had published over the preceding 14 years. However, this was their first attempt at focusing on self administered WCMSAs,...