Solutions for Workers’ Compensation and Liability Settlements
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If you are a new Medivest member with questions about your professional administration account, please visit this page.
Medivest has been fortunate to forge relationships with hundreds of clients. Here is what a few of our clients have to say about us.
Medivest offers solutions for Workers’ Compensation settlements and liability awards. To take advantage of our expertise, begin here.
Our Services
Medivest assists law firms, workers’ compensation payers, special needs trusts, brokers and other parties with a wide range of services designed to enhance and protect settlements. Read more about our expertise by following the links below.
Medicare Set-Aside Professional Administration: What Is It?
An injured person who plans to administer their own Medicare Set-Aside (MSA) account has a challenging and complicated job ahead of them. Professional Administration lifts that burden from the injured person, helping them comply with federal administration standards and protecting their government benefits.
What is a Medicare Set-Aside (MSA) Proposal?
A Medicare Set-Aside (MSA) Proposal is the “preferred method” to protect Medicare’s interest. Medivest explains what that means and answers other questions about MSAs.
Are You a New Member With Questions?
If you are a new or existing Medivest member you might have questions about your MSA professional administration account. We are happy to answer your questions about how Medivest will you get the most out of your settlement funds. Please watch our New Member video or click the below button to visit our Frequently Asked Questions.
MSP Compliance Solutions
The term “Medicare Secondary Payer” (MSP) refers to instances in which health related expenses must be submitted to other payers before they are sent to Medicare. Medivest provides comprehensive services to help comply with regulations set by the Centers for Medicare and Medicaid Services (CMS), the U.S. Department of Health and Human Services agency in charge of the Medicare program. These standards dictate when Medicare is the primary payer for health-related expenses and when other sources must pay first.
What Is MSP Compliance?
When MSP applies, beneficiaries must follow the reporting and other guidelines that CMS issues when there are other non-Medicare sources of payment available to cover an individual’s medical expenses. Working within these requirements is known as MSP compliance.
For example, beneficiaries may receive an award under a liability claim or from Workers’ Compensation for future medical expenses related to their injuries. They must use those funds for treatment costs before Medicare in certain circumstances, and they are required to update the Benefits Coordination & Recovery Center (BCRC) regarding the status of the claim. If they don’t, they may incur costly penalties and fines or experience a delay in their settlement distributions.
How Medivest Can Help
Complying with these requirements can be a challenge. They can be complex and time-consuming to navigate and have strict reporting deadlines. Plus, the landscape continues to evolve with legislative changes.
Medivest is the oldest and most experienced Medicare compliance solutions provider in the country. Our knowledgeable team includes industry veterans and compliance specialists to help attorneys and their clients meet their legal MSP obligations. We offer a full range of pre and post settlement options for effortless award administration that follows the CMS guidelines.
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