What is a Medicare Set Aside or MSA?
A Medicare Set Aside, or MSA, is an account created in the settlement of a Workers’ Compensation or liability case. It is funded using a portion of the settlement proceeds to pay for future medical expenses related to the job/personal injury that would otherwise be payable by Medicare. Funds must be established in insured accounts and may be managed by the claimant or set up in a custodial account.
Related Questions
- KRS MSA will obtain rated ages for you at no additional charge if needed How long will it take for completion of a Medicare Set-Aside Allocation report?
- Can the beneficiary or the administrator of a Medicare Set Aside trust pay income taxes due on accrued interest in the trust?
- Can an MSA annuity (annuity to fund Medicare Set Aside) be sold or transferredfor a lump sum?
