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Workers Compensation Medicare Set-Asides. If a claimant is on Medicare (or likely to be within 30 months) and set to receive a workers compensation settlement in which future medical costs are associated, he or she will need to establish a Medicare Set-Aside (MSA) to protect their future Medicare eligibility.
And for good reason. For most practices, the majority of physician payments come from Medicare. Plus, more and more health plans are incorporating the same concepts as Medicare. With this kind of reach, you need to understand Medicare s credentialing process to successfully run your practice. For most physician practices, Medicare requires three (3) basic applications. Medicare generated the 855 series of forms in July 2006. If your practice was in place prior to this date, you will be required to complete an 855B form if you make any changes to your practice, such as add a new physician for billing, change address, change billing, etc.