The claimant or the payer may elect to calculate the MSA amount of the agreement by applying a percentage reduction to the MSA amount for the total settlement amount that could have been payable under the applicable WC law. Both parties must agree in writing.
The MSA submission process remains optional however the reviewer has 60 days to make a determination in writing and, if the submitted amount is not approved, the reasons for disapproval must be stated.
If dissatisfied with the determination, either party may request, within 60 days, shall be entitled to a) reconsideration , b) a hearing before an administrative law judge, and judicial review after the administrative law judge hearing.
Either party may elect to transfer the MSA money to CMS but it’s not required. Likewise, the parties are free to allow self-administration or professional administration.
The approval of a state WC settlement that includes a MSA shall be “final and conclusive.”
Bennett L. Pugh, JD Chief Executive Officer Fidelity Fiduciary Company, LLC P.O. Box 43613 Birmingham, AL 35243-0613 Mobile: 205-901-1116 Ben@FFCadmin.com
Deborah Watkins Chief Executive Officer Care Bridge International, Inc. MSP Compliance Bridge, LLC 9040 Town Center Parkway Lakewood Ranch, FL 34202 Toll-Free: 888-434-9326 email@example.com