Business Insurance: New law clears air on Medicare reimbursements for comp insurers
December 29, 2020
![Tower MSA Logo used in an article on Am I Allocating Enough for a Medicare Set-Aside](https://towermsa.com/wp-content/uploads/2020/12/Tower-MSA-Logo-1.jpeg)
Medicare Set Aside (MSA) companies and insurers will soon get help accessing accurate information necessary for Medicare reimbursements and settling workers compensation and liability claims.
Business Insurance’s Louise Esola wrote a nice article on a new law – the PAID Act – that clarifies expenses that workers’ comp insurers may have to reimburse. The article quotes Tower’s Chief Compliance Officer, Dan Anders, who explains how a new law would make it easier for workers’ compensation and liability insurers to determine if Medicare eligible claimants are or were members of Medicare Advantage and Part D Rx Drug Plans. Anders says:
“When preparing to settle a comp claim “everybody thinks we are hunky-dory, and they go and settle the case and a few months later (Medicare) Advantage comes in and sends in a reimbursement claim,” said Mr. Anders, who applauded the change. “This gives (insurers) better information that when the case is settled there won’t be any surprises. … They can investigate any claims for reimbursement and make sure that is resolved, so there are no issues months, years down the road.”
For the full article, see: New law clears air on Medicare reimbursements for comp insurers
Related matter:
CMS: PAID Act Implementation Guidance & New ORM Termination Option
Proposed PAID Act Intends to ID Medicare Part C, Part D and Medicaid Enrollees for Insurers