Medicare Set-Aside
English
When an injured worker who is 65 or older (you are close to 65 and likely will be 65 when we start to discuss a settlement of your case) settles their workers’ compensation claim Medicare requires that they look at the future medical needs of that individual before the settlement is completed.
Medicare will look at future medical needs and assign a monetary amount to what they believe the future treatment might cost. In order to protect Medicare, they require that this amount be “set aside” in a separate interest-bearing account. This account is a Medicare set-aside account. The money in this account is to be used for treatment of the body parts and injuries that are included in the workers’ compensation settlement.
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