Today’s issue of WorkCompRecap features the release of a new whitepaper from Ametros that examines the benefits of settling a workers’ compensation claim with a structured settlement and then combining that with having a third-party manage the injured person’s settlement or MSA funds afterward.
The paper features a case study that examines two scenarios for a typical injured person’s funds 10 years post-settlement; first, taken in a lump sum and self-managed, and then taken as a structured settlement with help from a professional administrator. In the first scenario, the injured party is left with $20,000 of debt; in the second, he has a gain of $40,000. Ametros noted that two important goals in the process are saving injured workers money on related medical expenses, and ensuring that Medicare reporting for an MSA account is done properly.
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