My workers compensation claim was made in the State of: ILLINOIS.
I settled my work comp case in August, 2008 for my back injuries. Last friday I got a letter from CMS stating that my medicare set aside should be funded for $230,000 with 25,000 down and 7,800 per year for 26 years. The IC has until March 15th to either agree to that figure or reject it and keep my medical open for life which was in my settlement closing papers. The IC had submitted a figure of $97,000 for the set a side.
I have to administer these funds as part of the agreement so I was wondering how do I go about paying for the monthly doctor visit and my drugs. Do I have to tell them this is a medicare set aside and will I get a special discount for billing purposes for both the doctor and the drugs? I have no idea how to handle that part of the case. The actual paying of the bills every time I need service. Are we entitled to discounted pricing like medicare would receive? I am just curious.Thanks