In All Medicare lien resolution cases (*Not including Workers’ Compensation MSAs) the MSPRC will automatically reduce its Medicare lien if you do just one simple thing. When you report settlement to the MSPRC you must give your costs and fees. In turn, the MSPRC will reduce its conditional payment amount by about 33 – 42 percent for its Final Lien Demand.
First, the contingent fee of 1/3rd will lead to a 1/3rd reduction (or 33 percent) in the Medicare lien amount. Then, your client’s costs will lead to another reduction in the Medicare lien amount. At Lien Resolution Services, LLC, we generally see the costs lead to an additional 0 – 9 percent reduction. The MSPRC generally requires an itemization of these costs.
It’s that simple. Reduce your Medicare lien amount by appropriately (and timely) notifying the MSPRC of settlement. If you do not, you may run into the Conditional Payment Notice situation, where costs/fees may not go into the reduction. Remember, it takes just 2-3 weeks to get a Final Lien Demand – the MSPRC does not hesitate when it can recoup funds!www.lienresolutionusa.com https://lienblog.wordpress.com firstname.lastname@example.org