Mass torts involve hundreds and sometimes thousands of claimants that may be involved in a medical device malpractice, product liability, pharmaceutical lawsuit, or a large-scale catastrophe. When you are dealing with mass tort cases involving hundreds or thousands of claimants with lien obligations, this can be a tall order for your busy law firm.
In this short article, our lien resolution experts would like to provide some insight into your responsibilities in mass tort cases.
Helping Your Clients Succeed
Representing a plaintiff involved in mass tort litigation legally requires you to ensure that your clients understand their obligations and options before receiving their settlement funds. Your clients should be properly educated on protecting their assets and securing their financial futures in regard to their future government benefit eligibility. If your firm is not equipped to properly resolve your clients’ liens, both you and your clients can incur severe penalties, and they may lose their settlement proceeds.
Contacting Lien Holders
Certain lien holders have to be contacted in a mass tort settlement. These entities include Medicare, Medicaid, Medicare Part C (also known as Medicare Advantage), and Private Insurance. This may also include fully insured plans and self-funded ERISA plans. Affirmative obligations vary based on the lien resolution terms of the master settlement agreement. However, Medicare and the Medicaid agencies of every state must be contacted to determine a claimant’s eligibility and obligations under the government programs. Mass tort cases involve complex compliance requirements and rules. There are also unique challenges involved in the legal and regulatory issues that surround mass tort litigation.
Partner With an Expert for Mass Tort Cases
A lot of back and forth communication is required between plaintiffs and the Centers for Medicare and Medicaid Services (CMS). This can be daunting, which is why many plaintiffs and their attorneys decide to retain the services of lien resolution services partner to handle the negotiations. Partnering with a third-party such as Synergy Settlement Services positions your clients for a favorable outcome. Rest assured that our lien resolution experts have extensive lien resolution experience and can resolve large-scale liens efficiently. The benefits of working with an expert include a streamlined administration process, minimized costs, maximized recovery, and reduced settlement funding time.
Full state and federal compliance is critical. Federal and state compliance requirements and guidelines change constantly. Do not expose your firm to penalties for noncompliance. An expert settlement firm such as ours can ensure that you successfully navigate the complexities of the mass tort settlement planning and administration process.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.