The Legal Broadcast Network is devoting much of it's production and shows in December 2015 to the study of issues related to social security, medicare and governmental benefits as it relates to trial lawyers and liability claims. The first of these conversations takes a look at the issue of MSA's, also known as Medicare Set Aside accounts, which address the future offsets to Medicare for personal injury victims who settle their case knowing they currently or in the future are a Medicare beneficiary and that they need, by law, to put aside funds covering medical expenses related to their injury settlements.
Jack Meligan, chairman of Settlement Professionals Inc, of Portland, OR joins Mark Wahlstrom to discuss the on going questions and misinformation around the issue of Medicare set aside accounts. MSA's, as they are commonly referred to are one of the most misunderstood and confusing liability issues for attorneys, but as this interview makes clear, these are established on an entirely voluntary basis as there is currently no law or regulation that requires them to be established. This voluntary act thus makes it essential that the trial lawyer inform their client and get an MSA firm that specializes in plaintiff solutions to work on the valuation and planning for this important part of a settlement plan.
The bottom line is that trial lawyers need to engage a plaintiff expert to do the evaluation, design and funding of their clients MSA account so as to insure future medical needs are covered, no liability is created and assets are not needlessly dissipated by careless benefit planning.
Learn more about our guest, Jack Meligan and the MSA solutins for plaintffs by going to http://settlepro.com