Friday, March 20, 2009

MSA Administration Fees

Posted by Matthew Garretson and Elizabeth Vish Schad

What types of fees are incurred in administering a MSA?

-Recent Seminar Attendee

Administration fees can vary by provider and the level of service. Our sister company, Affiance Partners specializes in such administration and offers two Medicare Set-Aside administration options. The Custodial Account Service includes an Affiance Identification Card, future injury related expenses validated and paid through account, all required maintenance, reports and CMS compliance provided for life of account and toll free telephone support for a set up fee of $1950 and $750 annually with 3% COLA. The Self Administration Option includes detailed self-administration accounting instruction, toll free telephone support, workbook to track medical expenses paid from MSA, review of workbook prior to submitting to CMS for compliance for $750.