What is the new submission process for WCMSAs?
Recently, the Centers for Medicare & Medicaid Services (“CMS”) announced a new submission process in development for Workers’ Compensation Medicare Set-aside Arrangements (“WCMSAs”). As CMS has previously suggested, it will be moving forward with the development of a web portal. Once introduced, this web portal will enable WCMSA submitters to submit WCMSA proposals electronically via the internet. The web portal should allow for WCMSA proposals to be viewed by CMS on a more expedited basis. Scheduled to be introduced in first quarter 2011, the web portal would provide submitters with a real-time receipt acknowledgement from CMS. CMS will announce further developments regarding the web portal at a later date.
GFRG will continue to monitor CMS communications and provide this new information to the settlement community as it becomes available. To view the CMS announcement in its entirety, click here