Legacy Workers’ Compensation claims are cases that have been aging for months, years, or even decades. These claims are often difficult to resolve and earn their place under the title "legacy,” also known as “aged pending claims.”
On March 8, 2023, the Centers for Medicare and Medicaid Services (CMS) sent a letter to all state Medicaid Directors in the United States suggesting they create or update their state plans to assert Medicaid Liens whereby monies have been paid on behalf of Medicaid Beneficiaries who have Third Party Liability Claims.
News of the Gallardo case ruling by the Supreme Court regarding Medicaid liens has circulated recently in our industry. Arcadia Vice Chair John McCulloch analyzed the ruling and its impact on our business.
How a structured settlement can fund a Special Needs Trust (“SNT”), which in turn would “pour over” or fund the ABLE Account, a tax-free savings account that can preserve needs-based government benefits eligibility.