Free Professional Administration of Medicare Set-Aside (MSA) Accounts
Being injured in an accident is devastating and can have lasting effects on injured individuals and their families. Dealing with Insurance Carriers is often stressful, as you hope that your settlement will give you control of your future medical treatment. However, if you have to open a Medicare Set-Aside, you must follow certain rules regarding how the money for your future medical treatment is spent. At MSA Meds, we understand that this process can be overwhelming. That is why we are here to help! We will take all the hassles out of paying for medical treatment from your MSA Account. Because MSA Accounts have very specific rules as to how these funds can be spent, you must have trustworthy advocates on your side to ensure you do not make a mistake. MSA Meds can work to protect your future Medicare eligibility and help you receive the medical treatment you need. Contact us today to learn how we can assist you.
What is a Medicare Set-Aside Allocation (MSA)?
A MSA is a tool that is used to protect Medicare’s interests with regard to a Workers’ Compensation or Personal Injury settlement. Click here to learn more.
Why do I need Professional Administration for my MSA Account?
Medicare has very complicated rules regarding how the funds in a MSA Account may be spent. Failure to abide by these rules may jeopardize your future Medicare benefits. Click here to learn more.
Why should I choose MSA Meds?
MSA Meds professionally administers MSA Accounts. We understand all of Medicare’s rules and regulations and will administer your MSA Account to ensure that when the funds are depleted, Medicare will pay the bills for your work injury. We will provide you with a benefits card to present to your doctors so that they know how to bill your MSA Account, providing for a hassle-free transition from the Insurance Carrier paying your medical bills to your MSA account paying your medical bills. We will ensure that all funds are properly spent and that all reports and accounts are promptly submitted to Medicare. Medicare understands how difficult it can be for injured workers to properly administer their MSA Accounts, which is why we recommend professional administration.
Unlike other companies that may charge thousands of dollars to administer MSA Accounts, MSA Meds is a free service for our eligible pharmacy clients. Click here to learn more about our pharmacy and medication delivery services.
Why is Medicare involved in my settlement?
Medicare’s interests must be protected in all Workers’ Compensation, Liability, and no-fault insurance cases. The law states that Medicare is always a secondary payor to Workers’ Compensation, Liability, and no-fault insurances. This means that Medicare may not pay bills when other insurance should be paying the bills. Since you received settlement dollars from the primary payor (Insurance Company), Medicare requires you to spend that money on your injury-related care before they will pay your medical bills. Protecting Medicare’s interests is a multi-step process. The illustration below shows how Medicare’s interests must be protected at each stage of your case.