Medicare Alert: MSAs & Liability Settlements
According to a release issued by the Centers for Medicare and Medicaid Services (CMS) late Thursday, June 9, 2016, CMS is again considering expanding its voluntary Medicare Set-Aside Arrangements (MSA) review process to include liability insurance settlements. Per the official release, “CMS plans to work closely with the stakeholder community to identify how best to implement this potential expansion. CMS will provide future announcements of the proposal and expects to schedule town hall meetings later this year.”
CMS last entertained the possibility of establishing liability MSA rules in 2014, but withdrew the proposed guidelines before they could be considered by the Office of Management and Budget. Teague Campbell’s Medicare Settlement Solutions team will continue to monitor this development to keep our clients fully updated and prepared.