Once a settlement has been reached, what information is the attorney required to send to the lead contractor?
Information needed by the lead contractor after a settlement has been reached should include the date of the settlement, the settlement amount, as well as the attorney’s fee and costs. This information is needed to calculate Medicare’s recovery amount. Medicare will share the costs associated with recovery and reduce its amount proportionately. Of course, the attorney needs to share particulars about the beneficiary’s claim against the alleged tort feasor or insurance company, so that the lead contractor can determine which Medicare claims are related to the beneficiary’s claim against the third party.
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- Once a settlement has been reached, what information is the attorney required to send to the lead contractor?