215-855-1115

InsurCard Medicare
Set-Aside Program

For Self-Administration (MSA)

InsurCard Medicare
Set-Aside Program

For Self-Administration (MSA)

MSA SELF-ADMINISTRATION

The InsurCard MSA (Medicare Set-Aside) Program provides Technology Assisted Guidance for those who choose MSA Self-Administration

The InsurCard MSA Program is a debit card-based product designed for individuals who have received an insurance claim settlement and need to follow Medicare Set-aside regulations. The MSA program is a set of automated tools that give the advantages of professional administration to those who choose to self-administer their settlement.

90% of Recipients Choose Self-Administration

Debit Card Advantages

  • Tracks Payments
  • Can’t Overdraft
  • Use Merchant Category Codes (MCC)
  • Gives Some Freedom to Recipients

Benefits

  • Provides Discounts on Medical and Drug bills:
    • Discounted pharmacy program that rivals the large insurance companies
    • Reduced pricing for hospital and doctor bills
  • Checks account balance and ensures that purchases are authorized by Medicare. All at the swipe of the debit card
  • Tracks expenses for reporting to CMS, so the recipient doesn’t need to have a shoe box full of receipts
  • Gives controls to avoid temporary exhaustion and support if it happens
  • Offers text and email notifications for low balances and transactions
  • Drafts CMS reporting requirements for review and signature
  • FDIC protects funds against loss or theft.
  • Trained call center representatives are ready with support and answers
DID YOU KNOW…

CMS often estimates the lifetime cost of medical and pharmacy needs for your MSA based on insurance pricing which is not available to those who self-administer.

The InsurCard MSA Advantage

  • Offers a unique MSA program which uses electronic payment technology to manage MSA settlement fund accounts
  • Technology takes away the burden of record keeping, reporting, and provides real time access to transaction and balance information
  • Uses a debit card that eliminates mistakes, expense and uncertainty for those who choose self -administration
  • Offers discounts that rival large insurance companies

Advantages Without the Cost of Professional Administration

MSA Process Steps

STEP 1

MSA Settlement Recipient agrees to have InsurCard provide guided self-administration services.

STEP 2

Separate Bank Account set up for medical funds (lump sum or annuity).

STEP 3

Recipient is enrolled in the MSA Member database.

STEP 4

Personalized debit card linked to member funds is mailed to the new member.

STEP 5

Member activates card:

  • Uses plastic card for pharmacy purchases.
  • Medical provider card for doctor and hospital bills.

STEP 6

All bills reviewed and adjusted for discounts.

STEP 7

Bank provides 24/7 cardholder support by phone and web.

STEP 8

All bills paid on behalf of member.

STEP 9

Account details can be viewed real-time on member website.

Call Today

215-855-1115

Call Today

215-855-1115

InsurCard® is the leading issuer of debit cards for the payments of property claims and casualty claims. Workers’ Compensation claim payments are made with state approved prepaid programs for injured worker benefits.

Get More Information

Have a question about the InsurCard programs? Speak with an associate today.

Share With An Associate

Share this page with friends and business associates through social media and email.

InsurCard® is the leading issuer of debit cards for the payments of property claims and casualty claims. Workers’ Compensation claim payments are made with state approved prepaid programs for injured worker benefits.

GET MORE INFORMATION

Have a question about the InsurCard programs? Speak with an associate today.

SHARE WITH AN ASSOCIATE

Share this page with friends and business associates through social media and email.

CORPORATE HEADQUARTERS
881 Sumneytown Pike
Lansdale, PA 19446

SALES & PRODUCT INFORMATION
Phone: 215-855-1115
Email: info@InsurCard.com

CORPORATE CUSTOMER SERVICE
Phone: 215-855-1115
Email: support@InsurCard.com