Is getting an official Medicare Set Aside report from a third-party vendor required?

No. An attorney or adjuster or other party can come up with the amount that should be set aside. Many parties to settlement elect to use a third-party vendor due to their expertise in following Medicare’s guidelines for how to come up with the amount and the fact that they are an independent party. Medicare has provided extensive guidelines on how to create a MSA. Check the WCMSA Reference Guide for more information.