My client received a personal injury settlement. Is an MSA required in third party liability cases?
The Medicare Secondary Payer Act (MSPA) was passed in 1980. The Act provides that Medicare is a secondary payer and makes a conditional payment if payment has not been made or cannot be expected to be made promptly by a group health plan, Workers’ Compensation (WC) plan, liability insurance, or no-fault insurance. Conditional payments are…
Why Personal Injury Attorneys Need to Know If Your Client Is a Disabled Veteran – Special Report
By Barbara A. Isenhour and Sean R. Bleck Before you bring any lawsuit on behalf of a disabled client there is an important piece of information you need to know. Is your client a disabled veteran and if so, is she or he receiving or eligible for Veterans Compensation benefits or Veterans Pension benefits? One…
PART TWO: PRE-SETTLEMENT LENDING IN PERSONAL INJURY CASES
MECHANICS OF THE LOAN Since a lawsuit itself is essentially the collateral to secure the finance company’s advances, the lending company will obtain information from the personal injury attorney concerning the case. They will follow these steps to offer the monies: Evaluation. The pre-settlement lending company evaluates the case and determines the likelihood of success….
PART ONE: PRE-SETTLEMENT LENDING IN PERSONAL INJURY CASES
There is an ever-growing cottage industry of investors ready, willing and able to make the equivalent of a loan to an individual who is the plaintiff in a personal injury case. These transactions, also known as pre-settlement lending, are a growing trend for those in need. In order to avoid usury statutes, these transactions are…