Workers Comp Medicare Set Asides Town Hall Today
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.
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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