Workers Comp Future Medical Settlement. This is the money Medicare sets aside to pay for future treatment related to your work injury. Its called a Medicare Set-Aside MSA.
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If you settle your workers compensation claim you must use the settlement money to pay for related medical care before Medicare will begin again to pay for related care. Aug 03 2020 The result of delaying settlement is paying extended wage loss and medical benefits. Giving up Lifetime Medical benefits When you settle your workers compensation claim for a lump sum you give up your lifetime medical benefits in return for a lump sum of money.
The obvious one being that once you settle for a lump sum you can no longer receive medical treatment for your work injuries through the Workers Compensation system.
You can also negotiate an agreement for a structured settlement that. Avoid Common Tactics that Limit Settlement Opportunities Workers compensation claims are by their very nature emotionally based on the adversarial nature of the business. Workers comp settlements can end with one lump sum amount or a structured payment plan. Employers must provide these lifetime medical benefits to injured workers unless the parties agree to a settlement to close medical benefits.
