Reducing WCMSAs and Getting Claims Settled – Cost Mitigation Strategies for Success

Workers’ compensation Medicare set-aside arrangements continue to present challenges for insurers. High WCMSA allocation amounts can complicate a claim settlement and even prevent claim closure altogether. However, you often have more power than you think when it comes to reducing allocation costs. It’s time to take back control with effective WCMSA cost-mitigation strategies. This session will put attendees in the driver’s seat to reduce WCMSA costs and get claims settled. Topics to be discussed include understanding the Centers for Medicare & Medicaid Services’ allocation approaches to identify cost drivers and get ahead of the curve; reducing prescription drug allocations and finding options to maximize cost savings; and using rereview and amended review to reduce allocations.