Follow
Share
This question has been closed for answers. Ask a New Question.
Find Care & Housing
Talked with the law office handling the mesh lawsuit today. My Medicare will not be affected by the settlement. Also most of my Dr bills occurred before I started Medicare. So I am resting easier knowing these two things.
Helpful Answer (0)
Report

I received a settlement last year for a hip implant that needed to be removed. All of my settlement was medical based, none of it was for “pain and suffering. I did not have to pay taxes on it, nor even put it on my tax return.
The settlement reimbursed Medicare for what they paid out, that did not come out of my settlement.
If you are talking about Medicaid, I do not know.
Helpful Answer (1)
Report

Ask your lawyer. Take copies of the Medicare explanation of benefits with you to calculate how much Medicare paid.
Helpful Answer (0)
Report

Thank you for your answers. I may have 3-4 Dr. bills but that is all. Medicare paid for part of a them, so would I still have Medicare attached to this settlement?? Thank you, again!
Helpful Answer (0)
Report

Wellll, you need to find out if Medicare considers any part of the settlement to be related to reimbursement or coverage of medical bills that Medicare paid. Check with your lawyer to make sure this settlement cannot be attached by Medicare or Medicaid (if that’s in the picture too).
Helpful Answer (1)
Report

If any part of the settlement is considered taxable income, then your Medicare premiums may increase since they are partially based on your taxable income. Other than that, the benefits themselves are not affected by either your level of income or assets.
Helpful Answer (1)
Report

Jan, Medicare has no relation to one's income or assets.

If you are on Medicaid [which is different from Medicare] then your Medicaid could stop and re-start at a later date once your settlement is used up for your own care.

Other's here on the forum will be offering more information.
Helpful Answer (1)
Report

This question has been closed for answers. Ask a New Question.
Subscribe to
Our Newsletter