CareGuard is not a Workers’ Compensation carrier. Instead, CareGuard serves as a professional administrator for post-settlement future medical funds. Our role does not involve the requirements typical of Workers’ Compensation carriers, such as additional documentation or reporting, and we impose no restrictions on the frequency of doctor appointments.
Understanding CareGuard's Role
CareGuard's primary function is to ensure members adhere to the constraints outlined in their settlement documentation. This makes our service distinct from traditional Workers' Compensation carriers, which have specific regulatory roles and responsibilities.
Differences From a Workers’ Compensation Carrier
Unlike insurance carriers, CareGuard focuses specifically on managing future medical expenses after a settlement. This management is done without the need for extra paperwork or reporting normally associated with other funds administrators.
Settlement Compliance
The only requirement CareGuard places on its members is compliance with their settlement documentation. This allows for more flexibility and individualized health care decisions.
For further insights into the differences between CareGuard and Workers' Compensation carriers, or for any other inquiries, you can contact us.
