Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Does anyone have experience with asbestos exposure settlements and Medicare liens?
Old 10-09-2018, 07:41 PM   #1
Recycles dryer sheets
Join Date: Apr 2015
Location: NYC
Posts: 72
Does anyone have experience with asbestos exposure settlements and Medicare liens?

Sorry this is long. Hoping for any advice from someone who's been through this process. Very difficult for a lay person to understand.
My father had asbestosis and died of lung cancer. My mother is in the process of receiving settlements from the asbestos settlement funds and her attorney informed her that there is a Medicare lien on the settlement for $8000 for medical bills Medicare paid. There is a program called "amp" an acronym, that caps Medicare reimbursement at $12,000. She can either opt to go that route, and possibly pay Medicare more than the bill, OR she can opt to try to go what they call the "traditional route" and pay 2/3 of the 8000 but it takes a very long time, maybe a year. The amp is expedited.

If you've gone through the process, one way or another, can you explain how it worked out? If you would choose that route again?
Thanks in advance. We're not sure what to do. Mom seems to want to pay the $12,000 and get it over with. She would end up with about $90,000.
Beachgrl is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
2% asbestos in acoustic (popcorn) ceiling CABarb Other topics 23 10-05-2013 09:05 AM
asbestos - completely freaked out lucija Other topics 22 03-03-2009 12:13 PM

» Quick Links

All times are GMT -6. The time now is 10:28 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.