MSA

Settlement
Groups

As part of the Settlement team, you provide injured parties with the data needed for a successful resolution of their claim. Adding InsurCard’s MSA Self- Administration option to your tool box of services adds value and helps those who want to self-administer agree to settle.

InsurCard’s MSA Program Can be the Solution for the 90+% of Injured Parties who Prefer Self-Administration

During Negotiations the Injured Party May:

Not Believe that Settlement Funds will be Adequate.

Think that Reporting and Record Keeping Requirements are Overwhelming.

Want to Maintain Some Control over Money.

Need Help with Questions and Problems Post Settlement.

Worry that Their Lives will be Burdened by Requirements of Settlement.

InsurCard MSA
Programs Provide
Benefits to Injured Parties

Tracking

Tracks Expenses for Reporting to CMS so your Claimant Never has to.

Reporting

Send Email Notice of CMS Reporting Dates.

Reviews

Prepares Annual Attestation Report for Review.

Compliance

Ensures your Claimant is Compliant.

Discounted Pricing

InsurCard’s Pharmacy Program Rivals Insurance Company discounts. Workers Comp Pricing is Negotiated for Hospital and Doctor’s Bills.

How Do Administration
Choices
Compare?

Designed for your claimants who want to SELF-ADMINISTER their MSA because they want some control over their money while making their funds last longer.

Self-Administered By Claimant

InsurCard MSA Program Assistance

Professional Administration

MSA Settlement Proceeds Bank Account

Claimant responsible for depositing the funds. May mingle the proceeds with personal funds.

Funds deposited into a separate interest-bearing account for Claimant. Not mingled with claimant’s personal funds.

Separate bank account established in Claimant’s name. Not mingled with Claimant’s personal funds.

Cost of Medical Services

Claimant may be charged full cost of services.

Discounts negotiated to reduce cost of services.

Discounts negotiated to reduce cost of services.

Paying for Services

Claimant must make payments.

Bank-issued branded debit cards used by Claimant makes payments.

Payments made for Claimant by Administrator.

Tracking Payments

Claimant must keep records of all fund transactions.

Automated technology records and tracks transaction details. Real-time portal available to Claimant to monitor payments.

Payments recorded in portal.

Reporting

Claimant responsible for submitting all reports to CMS.

Reports drafted for Claimant’s review and submission to CMS.

Automated reporting for Claimant.

Customer Services

N/A

Available 24/7 to Answer questions

N/A

Risk

Claimant may use funds for services not related to the Settlement. CMS may impose fines Lack of access to discounts risks early exhaustion of MSA funds.

Automated payment and record keeping reduce risk of non-compliance.

Reduced risk of non-compliance.

Program Membership Cost

N/A

No Cost.

Administrative Fee Charged.

MSA Settlement Proceeds Bank Account

Self-Administered By Claimant

Claimant responsible for depositing the funds. May mingle the proceeds with personal funds.

Insurcard MSA Program Assistance

Funds deposited into a separate interest-bearing account for Claimant. Not mingled with claimant’s personal funds.

Professional Administration

Separate bank account established in Claimant’s name. Not mingled with Claimant’s personal funds.

Cost of Medical Services

Self-Administered By Claimant

Claimant may be charged full cost of services.

Insurcard MSA Program Assistance

Discounts negotiated to reduce cost of services.

Professional Administration

Discounts negotiated to reduce cost of services.

Self-Administered By Claimant

Claimant may be charged full cost of services.

Insurcard MSA Program Assistance

Claimant may be charged full cost of services.

Professional Administration

Discounts negotiated to reduce cost of services.

Paying for Services

Self-Administered By Claimant

Claimant must make payments.

Insurcard MSA Program Assistance

Bank-issued branded debit cards used by Claimant makes payments.

Professional Administration

Payments made for Claimant by Administrator.

Tracking Payments

Self-Administered By Claimant

Claimant must keep records of all fund transactions.

Insurcard MSA Program Assistance

Automated technology records and tracks transaction details. Real-time portal available to Claimant to monitor payments.

Professional Administration

Payments recorded in portal.

Reporting

Self-Administered By Claimant

Claimant responsible for submitting all reports to CMS.

Insurcard MSA Program Assistance

Reports drafted for Claimant’s review and submission to CMS.

Professional Administration

Automated reporting for Claimant.

Customer Services

Self-Administered By Claimant

N/A

Insurcard MSA Program Assistance

Available 24/7 to Answer questions

Professional Administration

N/A

Risk

Self-Administered By Claimant

Claimant may use funds for services not related to the Settlement. CMS may impose fines Lack of access to discounts risks early exhaustion of MSA funds.

Insurcard MSA Program Assistance

Automated payment and record keeping reduce risk of non-compliance.

Professional Administration

Reduced risk of non-compliance.

Program Membership Cost

Self-Administered By Claimant

N/A

Insurcard MSA Program Assistance

No Cost.

Professional Administration

Administrative Fee Charged.

Interested in Learning More About How You Can Work with InsurCard To Provide Information on Our MSA Program?

Complete The Form Below
To Receive Your Information Packet

1 Step 1

* Required Fields

keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder