The MSPRC has implemented a new fixed percentage recovery option that will be available to certain beneficiaries effective November 7, 2011.
The “Fixed Percentage Option” gives beneficiaries who have physical trauma based Liability insurance (including self-insurance) settlements of $5,000 or less the ability to resolve Medicare’s recovery claim by paying Medicare 25% of the total liability insurance settlement instead of using the current recovery process.
Information, instructions and model language are listed in the Medicare Beneficiary & Attorney tool kit sections of the MSPRC’s website. Links to this information are provided below.
Link for beneficiary: http://www.msprc.info/index.cfm?content=includes/toolkits/beneficiary_nghp
Link for attorney: http://www.msprc.info/index.cfm?content=includes/toolkits/attorney_nghp