The International Association of Industrial Accident Boards & Commissions (IAIABC) is a not-for-profit trade association representing government agencies charged with the administration of workers compensation systems throughout the United States, Canada, and other nations and territories.
It reports that two Pennsylvania legislators are the sponsors of the new bill we previously mentioned - Bristol’s Patrick Murphy (D) and Tim Murphy (R). The IAIABC reports that that HR 4796 seeks to resolve several problems with the set-aside process, including settlement delays and prompt reimbursement of the trust fund. According to the IAIABC, the bill seeks to:
- Revise the information flow so that MSP conditional payment demand occurs before settlement
- Provide a safe harbor alternative if the Center for Medicare and Medicaid Services is unable to provide a final demand before settlement
- Provide a right of appeal to a non-group health plan settling party
- Establish a $5,000 threshold on MSP recoveries and set a three year statute of limitations.
Source: New Legislation Advanced to Improve the Medicare Set-Asides Settlement Process - International Association of Industrial Accident Boards & Commissions