Medivest's Settlement Solution Escrow Account

Settlements sometimes stall because the injured person is concerned that a future surgery will be required, even though the payer believes that it will not be necessary. This impasse can cause claims that would otherwise settle to remain open indefinitely, creating a headache for the adjuster managing the claim.

As a recognized and trusted provider of settlement tools for over 15 years, Medivest has introduced a solution to break these types of stalemates — a settlement escrow account.

What Is the Settlement Solution Escrow Account?

Escrow is the legal practice of entrusting funds to a third party for temporary custody until a specific triggering event occurs. Its primary use is to set aside money to ensure it’s available for payment when necessary.

Many attorneys select a neutral company like Medivest as their third party custodian in a liability or Workers’ Compensation settlement. Our Settlement Solution Escrow Account provides a means for both parties to escrow funds for a possible future medical expense with Medivest for a predetermined period.

Under this account, Medivest takes and holds an agreed upon amount intended to pay for a potential, but not certain, future need. This amount comes from an analysis of the costs associated with the possible future treatment, known as a medical cost projection report.

The parties to the settlement may also set an “expiration date” on the arrangement — if the need doesn’t occur within the specified time frame, Medivest returns the money to the payer per the agreement.

Our Settlement Solution Escrow Accounts are ideal for jump-starting stalled negotiations. They provide injured parties with peace of mind and prevent liable parties from paying for care upfront that may not ever be necessary — thus alleviating concerns and facilitating a settlement.


The injured person doesn’t want to settle.  They suspect they may need a costly surgery sometime in the future.  It seems highly unlikely to the payer that the surgery will be necessary, and the cost associated with it would drastically increase the settlement.  Both parties are at a stalemate.

To resolve this stalemate, the payer contacts Medivest about establishing a Settlement Solution Escrow Account.  Medivest produces a medical cost projection to determine the potential cost of the surgery.  The payer funds the Settlement Solution Escrow Account with an amount that’s reasonable and agreeable to the settling parties.

The account can be maintained until the injured person’s death, or for a prescribed period of time.  If within the time the account is open, the funds are required for the surgery, they will be disbursed upon receipt of the medical claims associated with the surgery and treatment of the injury.  If the funds remain unused at the time the account is closed, the funds are returned to the payer.

The advantage is that settlement is allowed to continue.  The injured person receives their disbursement and the payer closes their file.

Ready to break the deadlock?

Contact Medivest Today

Contact Medivest today!

Call us toll-free at 877-725-2467.


For the latest news, updates, and commentary on Medicare Secondary Payer, workers' compensation, and liability issues visit the Medivest Blog. Read up on these current topics being discussed:

Copyright by Medivest 2024. All rights reserved.

The owner of this website has made a commitment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.