Synergy Blog

Synergy reduces self-funded ERISA plan by over 70% for a savings of $85,955.02

This case involved a Virginia plaintiff who was injured when a shower chair collapsed.  The plaintiff had a pre-existing hip injury which involved an implanted prosthetic.  The plaintiff retained the services of an attorney and was able to obtain $525,000.00 in settlement proceeds. The self-funded ERISA plan demanded full repayment of the $122,393.32 in medical benefits they provided and were unwilling to consider a reduction or listen to arguments about the pre-existing injury.  Plaintiff’s counsel engaged Synergy Lien Resolution Service to assist in the resolution of the ERISA plan’s reimbursement claim.  Despite the unfavorable law in the 4th Circuit, which was recently bolstered by U.S. Airways v.McCutchen, within two (2) weeks Synergy was able  to obtain a 70.2% reduction for a savings of $85,955.02.

TESTIMONIALS

“Synergy is our guiding light for deferring our contingent legal fees and planning for retirement. The lawyers at Panter Panter & Sampedro, myself included, have been working with them for over ten years using different methods to defer comp and plan for retirement.”

Brett Panter
Panter, Panter & Sampedro

"I don't think I've directly said "thank you" for helping us with Bridgett’s case. We sent the reduced payment to Medicaid and called Bridgett's mom to tell her approximately how much money was going to be left for Bridgett and she broke down over the telephone. Given only $25k of insurance and a $850k medical bill from the hospital she didn't think Bridgett would ever see a penny."

Tom L. Copeland
Jeffrey Meldon & Associates, P.A.

CMS Proposed Regulations for Civil Penalties for Reporting, Recent Commentary on MSAs and PAID Act Third Thursday Webinar

Join us this month for a special presentation by Synergy Partner Planner, Josh Pettingill to learn more about CMS's new proposed regulations. There have been numerous announcements recently by CMS that can impact trial lawyers' ability to resolve claims in a timely manner. In the past 30 days, CMS has rolled out initiatives for penalties pertaining to Section 111 reporting requirements as well as updated the Medicare Learning Network for medical providers regarding Medicare Set-Asides. This presentation will discuss all of these updates, as well as highlight the Provide Accurate Information Directly (PAID) Act and MSA attestation updates published on the CMS website.  A 15-minute question and answer session will follow.

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