What is the official ID of this bill?
The official print number for this legislation is S 653.
Streamlining Medicare and Workers' Compensation Payment Coordination
This new law aims to simplify how individuals injured at work, who receive workers' compensation, manage their future medical costs with Medicare. It provides more flexibility in handling funds allocated for healthcare after a work injury, potentially speeding up settlement processes and offering greater legal certainty.
Key points
Establishes clear rules for how workers' compensation settlement funds (Medicare set-asides) are treated in relation to Medicare payments, preventing duplicate funding.
Allows injured workers or insurance companies to voluntarily transfer Medicare set-aside funds directly to Medicare, releasing them from further obligations.
Offers the option to manage Medicare set-aside funds independently or through a professional administrator.
Introduces an optional government approval process for Medicare set-aside amounts, which can provide greater certainty regarding compliance.
Status:
Expired
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