Re: Does Social Security Medicare Affect Settlement
A Compromise Release award will close your claim, the PDA ( Permanent Disability Advance) is an advancement of future payments, in other words you will no longer recieve periodic payments.
They now want to me to settle with a Compromise Release award affording me $61000 for future medical & $9500 PDA .. My questions are ,how would this affect my Social Security & Medicare ? and What is
Because you have reached max retirement age, there will be no offest to your Social Security benefits.
Be carefull about accepting that $61000 for future medical, you will be on the hook for future medical bills or may have to submit a Medicare Set Aside if you want Medicare to cover future treatments.
You better consult a lawyer before accepting anything, a consultation is free.
Moderator Responses are based on my personal bias, experience and research - They do not represent the views of the admin nor may be accepted in the legal community, always consult an attorney.