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Medicare Set Asides – Call In Today at 1PM Town Hall

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Workers Comp Medicare Set Asides Town Hall Today

If you handle any type of liability claim including Workers Compensation, you may want to call in today at 1 PM on Medicare Set Asides. The info is here to join in on the CMS Set Aside Town Hall.

The call-in is at 1 PM Eastern today. Please note the call-in is just not for WC. It is for all liability claims.

Vector Icons Medicare Set Asides All Liability Claims
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Even though I am under the impression that WCMSA’s are just another step in the Federalization of Workers Compensation, the rules have been published many years ago. If your company or your insurance carrier or TPA is not submitting in your claims data to the CMS, you should expect a spike in the federal fine activity. Some of the fines could be extreme.

The Federal Government usually will have a few companies they use for sacrificial lambs, so to speak. These companies are going to be heavily fined for not properly reporting their claims activity. There will likely be a flurry of press releases on these fined companies to move everyone into compliance (i.e. Willie Nelson and the IRS)

If, you, as the employer are unsure whether or not your claims are being reported properly to the CMS, I know of three companies that are very good at assisting in these matters. In my opinion, this is not the time to be complacent. If you need help, let me know.

The call into the Town Hall meeting is toll-free. The CMS has performed a series of these calls in 2012. This is the last one on their schedule.

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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