In most cases, it is not necessary to obtain an official Medicare Set-Aside (MSA) report from a third-party vendor. An attorney, adjuster, or another involved party can determine the amount to be set aside. Many parties choose to work with a third-party vendor due to their expertise in adhering to Medicare’s guidelines, as well as their status as an independent party.
Why Choose a Third-Party Vendor?
Many choose third-party vendors for their expertise in MSA allocations. These vendors have specialized knowledge in following Medicare’s extensive guidelines, providing confidence in the accuracy and compliance of the MSA amount.
Can a Settlement Party Draft Their Own MSA?
Yes, a settlement party, such as an attorney or adjuster, can draft their own MSA. The decision typically depends on the complexity of the case and confidence in understanding Medicare’s requirements.
Where to Find More Information
For detailed guidelines on creating MSAs, refer to the WCMSA Reference Guide. This guide provides comprehensive information on the criteria and processes involved in setting up a Medicare Set-Aside.
