A Medicare Set-Aside (MSA) is an allocation of funds from a workers compensation or liability settlement to pay for future Medicare-covered medical expenses related to the injury or illness. The MSA protects Medicare's interests by ensuring Medicare does not pay for expenses that should be covered by the settlement.
Key Points
- MSA: allocation of funds from settlement to pay for future Medicare-covered expenses
- Protects Medicare's interests in workers compensation and liability settlements
- Required when Medicare is a secondary payer and the settlement includes future medical expenses
- MSA funds must be used for Medicare-covered expenses related to the injury
- An attorney or Medicare Set-Aside specialist can help you structure an MSA