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Learning about MSAs
WCMSA Helpful Hints – Part 9 of 10
Submitting a Workers’ Compensation Medicare Set-Aside Allocation (WCMSA) is simpler in theory than in practice. Below is a common error often made when submitting a WCMSA to the Centers for Medicare & Medicaid Services (CMS), as well as some helpful hints to avoid the error. If you need more information or further help with settling claims or setting up a Medicare Set-Aside for a client, call 855.931.3003 or fill out the form.
Helpful Hint*
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Please be aware that the following states do not have a fee schedule: Indiana, Iowa, Missouri, New Hampshire, New Jersey, and Virginia.
Helpful Hint*
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Submit a rated age confirmation with the original proposal documents. Please be aware that CMS will not accept any variation or substitute wording for the rated age confirmation and it must be provided on the letterhead of a life insurance company or settlement broker (see CMS’ June 8, 2010 procedure memorandum).
Don’t take unnecessary risks during settlement! Protect your clients’ Medicare benefits with a MSA. To get started or even if you just have questions about a particular case you’re working on, contact Medivest at 855.931.3003 or fill out the form.
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