Medical Set Aside Accounts

Part of your compensation for a work injury is medical care. Often in serious injuries my clients may need medical care long into the future after a settlement. This sometimes involve MSA - Medical Set Aside Accounts - what are they? And what should you do about them if they are proposed in your settlement.
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CAUTION
This video is designed to provide accurate and authoritative information regarding the workers’ compensation law in Colorado. This information is given with the understanding that this video does not create an attorney-client relationship. Since the details of your situation are fact dependent, you should contact us to advise you on how the law affects your particular circumstances.

[@deloresturner-baker8630]

Thank you

[@jamesarnold3890]

I settled my WC case on 12/21/23 and I was approved for ssdi on the same day , they’re doing a MSA and it’s been 4 months with no word yet .. does a MSA always take a long time or can it vary ??? Thank you

[@shopgirlmusic]

As a former MSA consultant, I’ll tell you that CMS approval can take a long time. They get overwhelmed at the end of the year because of the increase in settlements that claimants want to rush through before the holidays. Even if you don’t have CMS approval yet, and you do get the settlement funds, go ahead and set up your MSA account and find an administrator.