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Patrick Farber
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28 followers
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Every quarter, Atlas Settlement Group releases its report on Medicare issues including Medicare Set-Asides. The Spring/Summer report is out. Topics include:

- CMS Moves to Medicare Beneficiary Identifier
- Version 2.7 of the WCMSA Reference Guide Published
- WCMSA Submission Guidelines: A Refresher
- Budget Act of 2018 Limits Medicaid Third-Party Recovery Rights
- New Commercial Repayment Center (CRC) Contractor Takes the Reins
- New Workers’ Compensation Review Contractor in Place
- LMSA Status – Is CMS Moving Toward Liability Review?

One section of the report is a quick refresher on the submission guidelines for Workers’ Compensation Medicare-Set-Aside (MSA) Arrangements. It’s worthwhile to review.

For a copy of the full report, visit the link below.
http://patrickfarber.com/wp-content/uploads/2018/06/Farber-The-Atlas-Report-Spring-Summer-2018.pdf

Please feel free to call, contact or email with any questions about MSAs or how to create structured settlements without impacting government benefits.

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Structured settlements, while normally associated with personal injury or workers’ comp cases, are being used in divorce proceedings with increasing regularity.

For more details on the way structured payments are arranged, their security, how they apply to child support and the tax obligations.

Visit - http://patrickfarber.com/all/alimony-child-support-and-structures/

Feel free to contact me with any questions.
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Parents want the best for their kids and that includes giving their children the opportunity to attend college. When a parent is seriously injured and no longer able to work, hopes of providing a college education for their children can be dashed. Funds from a structured settlement due to an injury, however, can be designated for children’s college tuition and other educational expenses.

For more info on:
How Much Will College Cost?
Factoring In Student Aid.
Delaying Payments.

Visit - http://patrickfarber.com/all/planning-for-college-with-a-structured-settlement/
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As a structured settlement broker, I meet many individuals who have suffered major spinal cord injuries. Life after their injury is filled with challenges that, at times, feel insurmountable.

Thankfully, those with spinal cord injuries have a strong advocate in their corner. It’s Triumph Foundation, a nonprofit group dedicated to inspiring and motivating people with spinal cord injuries to get better every day and to give them the tools and skills to overcome life’s obstacles.

More - http://patrickfarber.com/all/triumph-foundation-helping-people-conquer-life-changing-adversity-spinal-cord-injury/
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The Federal Reserve has raised short-term interest rates at a quickening pace since the financial crisis and has signaled that more increases are in the works. Plaintiffs considering a structured settlement may be concerned they will miss future higher investment returns on their settlement funds as the result of increasingly higher interest rates if they lock in a structured annuity today.

More here - http://patrickfarber.com/structured-settlements/increases-interest-rates-can-factored-structured-settlements/

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Whether to purchase an annuity as part of a structured settlement should be based on sound financial and tax analysis. That’s not always the case. A New York Times article from a while back discusses some of the emotional factors and misconceptions that come into play when considering an annuity purchase... The full story here - http://patrickfarber.com/all/misconceptions-about-annuities/
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What will happen to a structured settlement if a claimant passes away?

Structured settlements are most often set up so payments are made for the life of the injured party—with a guaranteed minimum number of years.

If the claimant dies before the guaranteed minimum number of years is reached, the remaining guaranteed settlement portion can go to a structured settlement beneficiary.

More helpful info here - http://patrickfarber.com/all/structured-settlement-beneficiary/
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To ensure injured individuals won't outlive their money structures are created so settlement payouts last a lifetime—sometimes 30, 40 or 50 years. But what happens when claimants are injured in their 60s, 70s or beyond? Do structured settlements still make sense? In many cases, yes.

More here - http://patrickfarber.com/all/structured-settlements-older-clients/
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A successful settlement negotiation or case win for an injured client is one of the most satisfying aspects of the legal profession. Savor the victory then make good decisions to avoid wiping out 30-40% your fully taxed fees. More on how attorneys can benefit here - http://patrickfarber.com/all/structuring-fees-settlement-time/
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You would think that Nobel Prize-winning economists would know how to invest their award windfall. For most, it's the largest single sum of money they will ever receive. Yet, according to an October 11 MarketWatch article, some of these economists have "fizzled away" much of their winnings.

While the economists interviewed made light of their spending, for injured plaintiffs, their settlement is serious business and often critical to their family's financial security. There must be enough money to pay for day-to-day living expenses, medical costs, college tuition and other large and small purchases. A structured settlement gives plaintiffs a specific long-term plan with guaranteed tax-free income to make sure expenses are met. The structure also removes the temptation to make impulse buys and provides the ideal excuse to say no to relatives or friends looking for a handout.

http://bit.ly/2x3isgk
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