A Workers’ Compensation Medicare Set-Aside Arrangement (WCMSA) is a financial agreement that allocates a portion of a workers’ compensation settlement to pay for future medical services related to the workers’ compensation injury, illness, or disease. Once these funds run out only then will Medicare pay for treatment related to the workers’ compensation costs.
How does this affect staffing companies? Because all parties have responsibilities under the MSP, and in many states staffing agencies share joint responsibility with client employers. This can be a complicated process, especially if there is extensive on-going medical care including medication. As long as temporary staffing continues to grow in certain industries and people stay in the workforce longer, these settlements will grow. The influx of immigrant employees may also mean more settlements.
It’s important for staffing agencies to work with carriers and their Professional Employer Organization (PEO’s) to put together detailed and carefully crafted settlements that will pass muster with the Centers for Medicare and Medicaid Services. New legislation may make the process easier, but they will be changes nonetheless. Staffing companies should get up to speed on their obligations and responsibilities this year.
Please call us for FREE Workers Compensation quote at 202-302-1212. Or visit us at www.leaststsaff.com
Happy New Year- Let’s make it a safe one.
David Schek
President
StaffingCompSolutions.com