No, you cannot balance bill the patient when CareGuard manages post-settlement medical funds.
Role of CareGuard
CareGuard is not a Workers’ Compensation carrier. Rather, we serve as professional administrators for post-settlement future medical funds.
Patient Billing Restrictions
CareGuard does not require additional documentation or impose reporting rules. Additionally, there are no limitations placed on the frequency of doctor appointments for the member. However, it's crucial that the member adheres to the constraints outlined in their settlement documentation.
Understanding Settlement Constraints
Members must stay compliant within the specific terms outlined in their settlement agreements to ensure proper management of their medical funds.
For more detailed guidelines, we recommend reviewing settlement documentation or reaching out for professional advice.
Disclaimer:
The information provided here is for general educational and informational purposes only and is not intended nor does it constitute legal, tax or financial advice. We're happy to explain general concepts and navigate resources; however, our guidance should not be relied upon as a substitute for advice from a qualified attorney, tax advisor, financial professional or other licensed advisor. Decisions regarding your specific circumstances should be made in consultation with the appropriate professional.
