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FEATURING 911³Ô¹Ï CEO JASON BEANS | Business Insurance | JUN 2024
June 5, 2024 – Employers, insurers and claimants should start planning for changes to how Medicare’s liabilities are accounted for in workers compensation settlements, experts say.
The changes, which will remove the reporting threshold in settlements that include Medicare set-asides and define penalty amounts, could increase the likelihood of significant fines for noncompliance and prolong settlement negotiations, they say.