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Rhode Island Petition for Settlement for Lump Sum with Medicare Set-Aside

State:
Rhode Island
Control #:
RI-SKU-0623
Format:
PDF
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Description

Petition for Settlement for Lump Sum with Medicare Set-Aside The Rhode Island Petition for Settlement for Lump Sum with Medicare Set-Aside (MSA) is a legal process that allows individuals to receive a lump sum settlement for a personal injury lawsuit while ensuring that future medical costs related to the injury are covered by Medicare. The petition process is available for individuals who are eligible for Medicare and have been injured due to the negligence of another party. The petition requires the petitioner to provide detailed information about the injury, medical costs, and other related expenses. The petition must also include a Medicare Set-Aside proposal, which is an estimate of the future medical costs related to the injury that will be paid by Medicare. The two types of Rhode Island Petition for Settlement for Lump Sum with Medicare Set-Aside are the Traditional MSA and the Allocated MSA. The Traditional MSA allows the petitioner to receive a lump sum settlement and Medicare will pay the remainder of the future medical costs related to the injury. The Allocated MSA requires the petitioner to allocate a portion of the settlement to a Medicare Set-Aside trust account, from which future medical costs related to the injury will be paid.

The Rhode Island Petition for Settlement for Lump Sum with Medicare Set-Aside (MSA) is a legal process that allows individuals to receive a lump sum settlement for a personal injury lawsuit while ensuring that future medical costs related to the injury are covered by Medicare. The petition process is available for individuals who are eligible for Medicare and have been injured due to the negligence of another party. The petition requires the petitioner to provide detailed information about the injury, medical costs, and other related expenses. The petition must also include a Medicare Set-Aside proposal, which is an estimate of the future medical costs related to the injury that will be paid by Medicare. The two types of Rhode Island Petition for Settlement for Lump Sum with Medicare Set-Aside are the Traditional MSA and the Allocated MSA. The Traditional MSA allows the petitioner to receive a lump sum settlement and Medicare will pay the remainder of the future medical costs related to the injury. The Allocated MSA requires the petitioner to allocate a portion of the settlement to a Medicare Set-Aside trust account, from which future medical costs related to the injury will be paid.

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Rhode Island Petition for Settlement for Lump Sum with Medicare Set-Aside