Preservation of Needs-Based Benefits & Other Considerations
Different methods for protecting needs-based benefit preservation must be explored for any disabled injury victim who is currently eligible.
Category: Synergy InSights
Main Synergy InSights Blog Category
A Unique Opportunity for Contingent Fee Lawyers to Tax Plan for Tomorrow
An often-overlooked issue for plaintiff attorneys is the management of taxation of their own contingent legal fees.
Settlement Compliance Strategies for Closing Cases
This blog addresses issues of major importance when dealing with the form of settlement for a personal injury matter involving a disabled client.
Resolution of Part C Medicare Advantage (MAO) Liens White Paper
Free Download: Medicare Advantage Liens Whitepaper
Free Download: Structured Settlement Whitepaper
January 10, 2022 When any physical injury victim recovers money either by settlement or by verdict, the question of the tax treatment of said recovery arises. As long as it is compensation for personal physical injuries it is tax-free under Section 104(a)(2) of the Internal Revenue Code.1 Section 104(a)(2) of the Internal Revenue Code states […]
Advanced Strategies for Closing Cases Compliantly: A Case Study
November 11, 2021 In the confusing landscape of public benefits and planning issues that arise today for trial lawyers when settling catastrophic injury cases, finding your way can be a daunting task. Many questions come up such as should the client seek Social Security Disability (SSDI) benefits and become Medicare eligible? Doesn’t that trigger the […]
What are Your ERISA Plan’s Recovery Rights?
Most, if not all, ERISA health insurance plans state that injuries caused by a liable third party are not a covered expense and require reimbursement when a plan pays for injury-related medical expenses (often referred to as subrogation clauses). ERISA provides that health plans which qualify under its provisions can bring a civil action under section 502(a)(3) to obtain equitable relief to enforce the terms of the plan. Appropriate equitable relief is really the only enforcement mechanism an ERISA plan can utilize to address its reimbursement rights contained in the plan.
Why Was the Ahlborn Case Such a Significant Victory for Injury Victims?
October 20, 2020 Heidi Ahlborn was injured in a very serious car accident in January of 1996. At the time, she was a nineteen-year-old college student pursuing a degree in teaching. She suffered a catastrophic brain injury that left her incapable of finishing college and unable to care for or support herself in the future. […]