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Federal Legislation Relating to Settlements
Here is the latest Federal Legislation relating to structured settlements, Medicare Secondary Payer and Worker's Compensation settlements:
Federal Legislation and Regulation:
S. 3079, the “Medicare
Secondary Payer and Worker’s Compensation Settlement Agreements Act of 2018,”
is legislation introduced in the Senate by Senator Rob Portman, R-Ohio and
Senator Bill Nelson, D-Florida that would negatively impact the use of
structured settlements to settle Worker’s Compensation cases with CMS utilizing
a Medicare Set-aside Account. The NSSTA Legs & Regs Committee is
working on drafting detailed talking points for industry use on Capitol Hill to
persuade Senators Portman and Nelson to drop this legislative
initiative. The NSSTA Legs & Regs Committee plans to produce a report
for members on S. 3079 and include the report in an upcoming edition of NSSTA
Federal Tax Reform
Legislation—Part II: While there is
considerable interest among major key Republican Members on the House Ways
& Means Committee for a targeted Phase II Tax Reform bill to make the
personal income tax changes passed in the 2017 Tax Reform bill permanent, there
are a very limited number of legislative days remaining in the 2018 Session of
Congress and action on a major tax bill is unlikely this year. There is a
good chance the next Congress will revisit the 2017 Tax Reform bill and will
make a number of technical corrections to that legislation. NSSTA will
keep a very close watch on any tax legislation in Congress. CLICK HERE To
view a copy of the House Ways and Means Committee “Tax Reform 2.0 Framework.”
Liability MSA Developments: NSSTA is a member of the Liability MSA
Stakeholders Working Group that has been organized to schedule meetings with
CMS officials to highlight issues with proposed draft language regarding
liability MSAs. Many members of the Liability MSA Stakeholders Working
Group are also working to develop compromise solutions to major
issues. The NSSTA Innovation Committee is working on the production of a
“white paper” focused on how structured settlements could be effectively
used to address the specific challenges confronting the P&C industry as it
works to implement the new CMS Liability MSA Working rules. SOURCE: National Structured Settlement Trade Association (NSSTA) August 2018 News We are Michigan's BEST and ONLY PLAINTIFF FOCUSED Financial and Structured Settlement Consultant www.whitehousellc.com
You probably know us best for our Plaintiff Focused Structured Settlement Consulting services. You may not know that we also help plaintiff attorneys and their clients resolve those nasty LIENS that threaten your hard won settlements through our partnership with PROVIDIO!
Please click the link below for more information on our lien resolution services:
We just updated our firm brochure. Download it is it is helpful!
For 20 years we have been Michigan's premier Plaintiff Focused Structured Settlement Consultant. Please contact us early at (734) 433-1670 or firstname.lastname@example.org and let us help you and your clients maximize your hard earned settlement dollars call! www.whitehousellc.com
If you have been wrongfully injured in an accident, considering a structured settlement annuity to assist you with achieving the financial security you deserve is one of the most difficult and important decisions you will ever make!
Prudential Life Insurance, which is one of the many structured settlement annuity companies that we use to help our clients achieve that financial security, came out with two very helpful videos that may help you in your decision making process.
Click on these links to see how Kim and Robin found their road to financial security with a structured settlement.
Do you or your clients need help making this difficult decision? Then contact us! It costs you nothing!
For 20 years we have been Michigan's premier and ONLY Plaintiff Focused Structured Settlement Consultant. Please contact us early at (734) 433-1670 or email@example.com and let us help you and your clients maximize your hard earned settlement dollars call! www.whitehousellc.com