Last year, MetLife introduced its new Periodic Payment Agreement (PPA). The PPA is a non-qualified product that enables the transfer of future periodic payments from physical injury cases that currently do not qualify under IRC Section 130, such as pre-1997 workers compensation settlements and the settlements of disability coverage disputes. The transfer is made to
Medicare Set-Aside accounts (MSAs) have to pay medical expenses first and be depleted before Medicare pays for any expenses. Injured parties have choices, manage complicated MSA account compliance themselves or hire someone. The “Self-Administration Toolkit for Workers’ Compensation MSA Arrangements” alone, is 31 pages long. Improperly follow procedures and Medicare may deny coverage. The second choice —professionally managed MSA accounts.
This week, the Federal Reserve decided not to raise short-term interest rates, but forecasters are expecting the Fed to boost rates two more times this year after already raising rates by 0.25 percent in December (only the second rate increase in a decade). Plaintiffs considering a structured settlement may be concerned they may miss out
