MSP SUMMARY
Six weeks of MSP compliance learns in case you missed it!
Ensure MSP compliance when representing Medicare-eligible clients. Medicare is the secondary payer, meaning you need to resolve conditional payments and consider future interests at settlement.
Inadequate Medicare Secondary Payer compliance can lead to serious legal action against personal injury law firms.
Failing to comply with the Medicare Secondary Payer Act can lead to significant consequences, including government action and can result in financial liabilities or worse yet damage to your firm’s reputation.
Best Medicare Compliance practices are to: (1) name a person responsible for paying Medicare secondary payer debts within the firm; (2) train the employee to ensure that the firm pays these debts on a timely basis; (3) review any additional outstanding Medicare debts (like MAO liens) to ensure compliance.
No laws mandate Medicare Set-Asides, but it’s wise to educate clients on this option to protect future Medicare coverage.
Ensure Medicare compliance by consulting with experts, educating clients about MSP considerations, and documenting your actions.
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