White House Financial & Settlement Consulting, LLC helps families live an easier and less stressful life through the achievement of their financial goals by providing comprehensive, fee-only, client focused financial advice and exceptional service.
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Death to MSA Annuities?
Death to MSA
Why You Should Care
About Senate Bill 3079
On June 18, 2018, Senator Rob Portman (R-OH)
introduced Senate Bill 3079, Medicare Secondary
Payer and Workers’ Compensation Settlement Agreements Act of 2018. The Bill introduces several initiatives aimed at
streamlining the CMS Medicare Set-Aside review and appeals process, including
an option to allow MSA funds be paid directly to Medicare.The Bill
suggests an alternative to self or professional administration of a MSA –
optional “direct payment” of the MSA to CMS.
Not only will the “direct payment” option have
the potential to significantly reduce the number of MSA annuities used in
Workers Compensation and Liability settlements, it will negatively impact
injured parties post settlement:
·Increased costs since the injured worker will be subject to
Medicare co-pays and deductibles.
·Reduced access to care since the injured worker would be
restricted to Medicare-approved providers.
·Injured worker will be 100% reliant on government Medicare
·Potential overpayment to Medicare if the injured worker
underspends the MSA funds, removing opportunity for savings or final
distribution to a beneficiary.
Our firm is keeping a close eye on these developments and all others with respect to the structured settlement industry and will keep you apprised of any important developments.
For 20 years we have been Michigan's best and only plaintiff focused structured settlement consultant.
If you have any questions or would like a custom structured settlement annuity quote on one of your cases please don't hesitate to contact us at firstname.lastname@example.org or (734) 433-1670.
We look forward to seeing many of our plaintiff attorney friends at the Michigan Association for Justice No-Fault seminar tomorrow!
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:
Please watch this excellent video where experienced and successful personal injury attorney, Thomas M. Bond from the firm of Kaplan/Bond in Boston tells you why a structured settlement is the best choice for the longterm financial security for you and your family when your lawsuit settles for a large sum. Hear how one man made the wrong choice and tragically lost everything.
In this video White House Financial & Settlement Consulting founder and Managing Director talks about a recent fee only financial plan the firm did for a young couple and some of the issues we helped them with such as debt reduction, prioritizing their saving and spending, education savings planning and survivor protection using term life insurance.
White House Financial & Settlement Consulting is a fee-only, comprehensive financial planning firm dedicated to helping our clients live easier and less stressful lives through the proper management of their financial resources. White House Financial & Settlement Consulting LLCCOMPREHENSIVE - CLIENT FOCUSED - FINANCIAL ADVICE 114 South Main Street • Suite 200 • Chelsea, Michigan 48118 • Phone: (734) 433-1670 • Fax: (734) 433-1671 www.whitehousellc.com