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Insurance Carriers May Delay Issuing Payment of Settlement Pending Determination of Medicare’s Reimbursable Conditional Payment

As we approach January 2012 when CMS will enforce mandatory reporting by insurance carriers for liability settlements, do not be surprised if more insurance carriers delay issuing payment until Medicare’s interests have been satisfied.  Insurers are concerned, and rightly so, that they will be held responsible by CMS for repayment of Medicare’s conditional payment under…

Year End Tax Planning by Teri Kay, CPA

Planning is important to successfully minimize your personal and company taxes. While some people think “tax season” is March and April, it really starts in November. Year-end tax planning begins with an estimate of your personal and/or business income, expenses, assets and liabilities based on year-to-date numbers and estimates through the end 2011 and a…

CMS Releases New Memorandum Providing Guidance on Exception to Liability Medicare Set Aside

On September 30, 2011, CMS issued a new memorandum concerning liability Medicare set-aside arrangements. The memorandum states that Medicare’s interests will have been considered in a liability insurance settlements and awards if the treating physician for the plaintiff opines in writing that: the plaintiff has completed treatment by the date of the settlement: future medical…

Durable Power of Attorney Law

The new Durable Power of Attorney law which became effective October 1, 2011 contains many sweeping changes that are intended to conform Florida’s law to the Uniform Power of Attorney Act. A few of these changes include: Requiring that specific types of financial authority delegated to an agent (i.e. gifting; create or change a beneficiary…

Law Office of Stephanie L. Schneider, P.A.