The specific medical expenses that are covered by the MCA Open Medical Account will be clearly spelled out during account setup.  An annuity is set up to fund the account, and from that account, Medivest will price all approved medical bills for the injured person, according to the requisite fee schedule.  The total funding amount is ultimately up to the adjuster. However, if the adjuster would like assistance in determining the total funding amount, Medivest can prepare a Medical Cost Projection for an additional fee of $1,750.

In the event that additional funds are needed to cover unanticipated expenses, the adjuster will be provided documentation to replenish the account.  The annual fee can conveniently be paid from the account, or through a separate structured annuity. All information required to facilitate annual reporting will be provided to the adjuster by Medivest.  At the time of the injured person’s death, any funds not used will be returned to the adjuster.