CMS News

M&A News: CRS/Klein & Co., Eberl/Carwood Claims, Verisk/Rulebook

CRS Temporary Housing Announces Merger with Klein & Company In partnership with GenNx360 Capital Partners, CRS Temporary Housing merged with Klein & Company on November 30, 2018. Founded in 1995 and based in Golden, Colo., Klein & Co. provides hotel …

White Paper Offers Alternative Approach to Handling Workers’ Comp MSAs

A newly released white paper suggests workers’ compensation payers forgo Medicare Set Aside (MSA) voluntary reporting. Conventional Set Aside practices, according to Care Bridge International, can greatly inflate costs to claims payers to the tune of almost double the cost …

Medicare Set-Aside Accounts for Future Medical Expenses in Personal Injury Claims

When a settlement is reached in a personal injury lawsuit, a written settlement agreement is prepared, and, if medical expenses for the injured party have been paid by Medicare, a Medicare Set-Aside Account (MSA) may be created to reimburse Medicare …

SMART Act Brings Relief for Claims Handlers and Attorneys Dealing With Medicare

While the claims industry awaits guidance from CMS on future medical expenses on liability claims, some much needed help was provided to claims professionals when the Saving Medicare and Repaying Taxpayers, or Smart Act was signed into law. While there …

SMART Act Becomes Law

Sanity Restored To Medicare Secondary Payer Liability The 112th Congress had a lot on its plate – from the “fiscal cliff” to Hurricane Sandy relief. It passed legislation on the former but not the latter, and some people feel it …

The Mystery of Medicare Set Asides Continues

As most adjusters and insurers are aware, effective Jan. 1, 2012, all liability, no-fault, self-insured and workers compensation insurers should be reporting all bodily injury open claims to Medicare. That’s why it is so important to ask what the Medicare …