Employees who have an MSA (Medicare Set Aside) account as part of their settlement should get a separate check from the employer or insurance carrier to cover the cost of future medical expenses. Self-administered accounts should be deposited into a separate account that is used just to pay for the employee’s medical expenses – and no other expenses. Some MSAs are not self-administered. Here, the employee will normally get a yearly check for the anticipated medical bills.
The Final Order is normally signed by the Commissioner and faxed to attorneys for both sides within one week to 30 days from the date the North Carolina Industrial Commission gets the fully executed settlement agreement papers. Up to 47 days after the Order is entered, the employee and the lawyer for the employee should get the amounts set forth in the Agreement. The employee gets the settlement amount and the lawyer gets his/her legal fee.
Contact North Carolina Worker’s Compensation Lawyer Joe Miller
If you were hurt at work and your medical condition has stabilized, it may be worth your time to settle your overall Worker’s Compensation case. The settlement has to be done correctly. Just one small slip-up can affect your ability to get the money you need. Or, many years hence, you may find that even though you are out of money, Medicare refuses to pay for certain portions of your Medical care because you failed to ‘take their interests into account.’ Don’t let this happen to you. Joe Miller has helped thousands of injured employees. To help protect your interests, contact Joe Miller Law at 888-694-1671 and ask for Joe Miller. You can also reach him through his Internet form.