Legal Question in Workers Comp in California
Workers Compensation insurer is offering a medical reserve of $38873. to be used for future medical expenses for 2010 knee injury incurred in California. This money is to be placed in an interest bearing savings account by me. My question is, am I obligated to use these funds only for medical expenses related to my injury or may i use these funds for other purposes?
Asked on 10/19/15, 2:49 pm
1 Answer from Attorneys
David Lupoff
Law Offices of David B. Lupoff
The fund you're referring to is called a Medicare Set Aside, earmarked to only pay for your work-related knee injury. If you use that money for a different purpose, you place yourself at risk of losing some of your Medicare benefits.
Good luck.
Answered on 10/20/15, 6:19 am
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