Skip to main content

Dealing with Medicare and Medicaid Liens in 3rd Party and General Liability Cases

We had the honor of attending the 2016 Michigan Association of Justice (MAJ) annual convention last Friday (4/15/16) at the beautiful Book Cadillac hotel in the "D"!

The presentation by attorney Donna MacKenzie of the firm Olsman, MacKenzei and Wallace on "Dealing with Medicare and Medicaid Liens in 3rd Party and General Liability Cases" was especially informative. 

We have been in the structured settlement business for over 15 years and we have been talking about this subject for about 10 years!

Based on Ms. MacKenzie's presentation I am HAPPY TO REPORT that there is STILL NO BASIS for a Medicare set aside in 3rd Party and General Liability Cases.  A Medicare Set Aside is when part of the recovery in a physical injury case is "set aside" and can only be used to pay for future medical expenses, which are a result of the injury, that Medicare would normally cover.  Medicare does not even have any mechanism or structure to process set asides in liability cases at this time!  However, Ms. MacKenzie also stressed that this doesn't mean they won't require a set aside in the future.  

Ms. MacKenzie recommended obtaining a letter from a physician if future medical expenses will not be needed for the claimant.

www.whitehousellc.com

Comments

Post a Comment

Popular posts from this blog

April 2025 Market Volatility Update

Hello! I hope you're doing well! Well, we continue to live in interesting times! M a r k e t s h av e c ont i n u ed t o m o v e s h a r pl y i n r e s p o n s e t o n ew l y an n o un c ed t a r i ffs an d g r o w in g c on c e r n s o v er g l o ba l t r a de. F r i d a y ’ s st eep s e l l o ff ex t e n ded in t o M o n d a y, w i t h v o la t ili t y rem ai n i n g e l e v a t ed ac r os s s e c t o r s a n d a ss et clas s e s. Th i s i s w hat w e c a l l a g ut c he c k m o ment. A t i me w h en t h e h e a d li n es feel l o u d. Th e n u m b ers feel sh a r p . A n d y o u r in st i n c t s m a y s t a rt t o q u e s t i o n y o u r pla n . Givin g a d vic e no t t o pa n i c d u r i n g s e v ere m a r k et d o w n t u r n s ca n feel a l i t t l e clic h é, b u t i t i s t h e m o s t i m p o r t a n t pi e c e o f f i n a n cia l a d vic e y o u ca n g e t . Please click on the video ico...
Post a Comment
Read more

Market Volatility 2025!

  I hope you and your family are doing well! M a r k et v o la t ili t y h a s a rr iv ed i n f o r c e!  T h e s l o wd o w n i n t h e e c o n o m y a n d m o re p o l i c y - dr i v en v o la t ili t y w a s t he c ons e n s u s ex p e c t a t i o n c o m i n g i n t o 2 0 2 5 . W h a t w a s n o t ex p e c t e d, h o we v er, w a s h o w m u c h t h e T r u mp a dm i n is t r a t i o n w o u l d l e a n i n t o t a r i ff s . Du r in g Pr e s i de n t T r u m p’ s f i r s t t e rm, i n m o s t i n s t a n c e s , i n v e s t o r s o b s er v e d t h e a d m i n i s t r a t i o n de la y in g , red u cin g , o r e v e n re m o vin g t a r i ffs w h en t h e s t o c k m a rk et ex p re s s ed d i s app r o val . O liv e b r a n c h es f r o m t h e W h i t e H o u s e s pa r k ed s to c k re b o un d s.   It app e a rs t h i s n ew T r u mp a dm i n is t r a t i o n i s m o re c o mm i tt e d. T...
Post a Comment
Read more

May Market Update

 Greetings! I hope you are doing well! The latest market recovery, driven by optimism about trade deals, resilient economic fundamentals, easing inflation, and strong corporate profits, serves as a reminder that periods of turmoil often create investment opportunities. Despite potential short-term disruptions and stagflation risks, investors are advised to stay the course and maintain their long-term strategies, as history shows that markets tend to reward disciplined, long-term investors. P l e a s e   c o n t a c t   my  anytime   w i t h  at (734) 272-4322 or email at cyril.white@fourfinancial.com with your  q u e st i o ns and concerns! S i n c ere l y,                                                          Cyril Certified Financial Planner(tm)  Securities offered through LPL Financial | Member FINR...
Post a Comment
Read more