A law firm in Encino, California, Slade Neighbors has more than 25 years of experience in representing clients in workers compensation claims. Additionally, Slade Neighbors is certified as an expert on Medicare Set Aside issues, holding designations as a Medicare Set Aside Certified Consultant (CMSP) and a Certified Medicare Secondary Payer Professional (MSCC).
Generally, a successful workers compensation settlement involves a complicated agreement that allocates money into categories such as past medical expenses, future medical expenses, and costs related to pain and suffering. Because injury-related expenses do not finish once a settlement is reached, individuals who receive or expect to receive Medicare must set up a special trust to reserve settlement funds for future medical expenses.
Because Medicare should be a “secondary” payer, responsible for injury expenses only after settlement funds are used, a Medicare Set-Aside is essential. A specialized company evaluates future needs, and the government approves an amount to be deposited in the Set-Aside account either as a lump sum or in a "structured settlement annuity."
Generally, a successful workers compensation settlement involves a complicated agreement that allocates money into categories such as past medical expenses, future medical expenses, and costs related to pain and suffering. Because injury-related expenses do not finish once a settlement is reached, individuals who receive or expect to receive Medicare must set up a special trust to reserve settlement funds for future medical expenses.
Because Medicare should be a “secondary” payer, responsible for injury expenses only after settlement funds are used, a Medicare Set-Aside is essential. A specialized company evaluates future needs, and the government approves an amount to be deposited in the Set-Aside account either as a lump sum or in a "structured settlement annuity."
