Throughout the year, experts from Verisk will host web seminars focusing on topical issues facing the industry. Additionally, we'll feature new and/or improved product offerings in our product spotlight series. Our web seminars are complimentary and open to insurers, agents, brokers, and risk managers.
Fasten your seatbelts as 2023 promises to be another busy year on the Medicare Secondary Payer (MSP) compliance front! As the new year settles in, insurers are facing a myriad of different MSP moving targets. Understanding CMS’s rapidly changing landscape is critical to stay compliant and minimize risk.
In this session, Mark Popolizio and Sid Wong break down the key items for your radar in 2023 to help you stay on course!
Topics to be addressed include:
• Section 111 penalties – status and what’s next
• Section 111 reporting updates – breaking it all down
• PAID Act year two – what we are seeing and what to look for
• CMS recovery claims – navigating the updates and nuances
• Medicare Advantage – avoiding “double damages”
• WCMSA – new policies, trends, and claims impact
• What’s next for LMSAs?
Claims managers; Risk managers; Adjusters; Compliance and other interested personnel from insurers; Third-party administrators; Self-insureds
Mark Popolizio, J.D.
VP, MSP Compliance
Casualty Solutions, Verisk
Sid Wong, J.D.
VP Policy
Casualty Solutions, Verisk
This session will demonstrate the new product PAAS recently introduced, PAAS Explorer. Explorer utilizes approximately 14 million policy records from ISO’s stat data to provide guidance on correct classification and rating for General Liability. For each classification selected by the user, Explorer provides the associated classifications most commonly appearing on the same policy with the selected code, including the percent of policies that include both classifications.
Carriers; Premium auditors, Commercial lines underwriters; Sales/Marketing personnel; Premium auditing firms; Agents and brokers; Risk managers
Steve McBee
Senior Technical Manager – Premium Audit Advisory Service
Underwriting Solutions, Verisk
Monday, March 13, 2023
2:00 p.m. ET
It is no secret that the U.S. Department of Treasury collection actions regarding Medicare conditional payment claims are on the rise. In fact, a recent CMS report found that Treasury collections jumped from $55 million in 2020 to $82 million in 2021, a 47% increase. In the big picture, notice of a Treasury claim – or worse yet a Treasury offset – very often signals that something went wrong as part of the claims handling process.
With Treasury claims increasing – there are real dollars at risk and real liability. It is critical that insurers understand the challenges and build compliance strategies to reduce risk. This session breaks down what you need to know about Treasury claims and outlines steps to help you avoid Treasury actions in the first place.
Topics to be addressed include:
Risk managers; Self-insureds; TPAs; Defense attorneys; General counsel; In-house counsel; Claims managers and executive
Mark Popolizio, J.D.
Vice President, MSP Compliance
Casualty Solutions, Verisk
Shawn Johnson, J.D.
Legal Director
Casualty Solutions, Verisk
It is never a good day when you receive a notice from the U.S. Department of Treasury – or, worse, you have been hit with a Treasury offset. Something went wrong and the exposure is real. In 2021, CMS reported that Treasury recovered over $80 million – a 47% increase from 2020.
Treasury claims are increasing, and it is critical that insurers know how to deal with Treasury claims and build better Medicare conditional payment compliance practices. Good news: Verisk can help you on both fronts!
In this webinar, we outline how our services can help you tackle Treasury claims and get you on track as follows:
Risk managers; Self-insureds; TPAs; Defense attorneys; General counsel; In-house counsel; Claims managers and executive
Mark Popolizio, J.D.
VP, MSP Compliance
Casualty Solutions, Verisk
Brian Cowan, J.D.
VP, Services
Casualty Solutions, Verisk
Shawn Johnson, J.D.
Legal Director
Casualty Solutions, Verisk