Tower News

Stay up to date on the exciting events that happen with Tower MSA and our industry.

Best Practices for Cybersecurity

Posted on May 26, 2020 by Tower MSA

Did you know that personal health information (PHI) is more valuable on the black market than financial data?  This makes workers’ comp organizations very attractive targets for cyber criminals. “Payers and other workers’ compensation organizations need to guard this sensitive…

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Federal Court Rules on Plaintiff Refusal to Provide SSN

Posted on May 19, 2020 by Tower MSA

A federal magistrate judge got a full education in Section 111 Mandatory Insurer Reporting when a plaintiff refused to provide his Social Security Number (SSN) in a liability settlement with the State of Rhode Island. The April 27, 2020 Rhode…

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The Penalties are Coming

Posted on April 6, 2020 by Tower MSA

The Penalties Are Coming With COVID-19, it’s understandable if Civil Monetary Penalties (CMPs) have slipped your mind.  CMS has proposed stiff penalties—up to $1,000 per day per claimant—for incorrect MSP reporting or failure to report. (Our Chief Compliance Officer Dan…

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CMS’s Revised Consent to Release Form Becomes Mandatory April 1

Posted on March 18, 2020 by Tower MSA

As of April 1, 2020, submissions of Workers’ Compensation Medicare Set-Asides (WCMSAs) must include CMS’s revised Consent to Release form.  The form indicates that the need and process for the WCMSA have been explained to the injured worker, and that…

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Meloxicam’s Price Drop – Good News for MSAs

Posted on March 16, 2020 by Tower MSA

Our Chief Compliance Officer Dan Anders’ blog post on the huge price drop of Meloxicam prompted a WorkCompCentral article, quoting Dan.  Previously priced at $4.25 per pill for 15 milligrams, it’s now 5 cents per pill.  Over a 20-year life…

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Cybersecurity Webinar Garners More Coverage

Posted on March 6, 2020 by Tower MSA

Cybersecurity is a hot topic and a major threat to all businesses and organizations – especially those handling personal health data.  Risk & Insurance’s Courtney DuChene covers the threat in detail, including data from Tower MSA Partners’ cybersecurity webinar and…

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Business Insurance: Insurers could face stiff MSP penalties

Posted on March 3, 2020 by Tower MSA

Business Insurance’s Angela Childers examined CMS’s proposed rules for Section 111 Mandatory Insurer Reporting penalties in this Feb. 26 article.  She quoted Tower’s Chief Compliance Officer Dan Anders on the severity of the possible $1,000 per-day-per-claim penalty for not reporting…

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Cybersecurity Threats & You

Posted on March 3, 2020 by Tower MSA

Many businesses don’t think a data breach will happen to them; small businesses especially assume they’re too small to attack. However, Tower’s Feb. 19 cybersecurity webinar featured a survey that showed that 11% of very small businesses and 44% of…

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