New Medicare Reporting Requirements Fueling Need For Pre-Settlement Funding and Post-Settlement Funding
October 13, 2011 @ 11:06 AM — by Harvey Hirschfeld
Recent changes to Medicare reporting requirements have created delays in the distribution of settlement checks to lawsuit plaintiffs and their attorneys. The law was intended to minimize Medicare payment for claims. The law imposes penalties for non-compliance. The time it takes to receive payment has increased. As a result, increasingly plaintiffs and plaintiffs' attorneys find themselves in need of pre-settlement funding and post-settlement funding, so that they can pay their medical, living, and business expenses.