What is a Medicare Set Aside (MSA)? | Medicare Insurance Arizona (Health & Beauty - Health Insurance)

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What is a Medicare Set Aside (MSA)? | Medicare Insurance Arizona


A Medicare Set Aside (MSA) is a unique financial arrangement that helps protect Medicare’s interests when a Medicare beneficiary or potential Medicare beneficiary receives a monetary settlement, judgment, or award from a workers’ compensation or personal injury claim.

A MSA is essentially a specialized savings account that ensures future medical expenses directly related to the injury or illness covered by the claim are paid by the settlement and not by Medicare. This essentially helps keep Medicare costs down for everyone by preventing Medicare from paying for future claims that have already been paid for by the settlement or judgment. In other words, a MSA prevents “double-dipping”, whereas both Medicare and the funds from the claim both pay for the same medical bills.

Recovering from a serious injury is hard enough without having to negotiate with Medicare what your future medical expenses may look like. Our Medicare experts have extensive experience in all aspects of Medicare Set Asides, which we can put to work for you while you start down your road to a full recovery.

https://www.medicareinsuranceaz.com/what-is-a-medicare-set-aside-msa

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Last Update : Dec 29, 2023 2:17 AM
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