Senior Counsel Jessica Klotz authored an article on The PAID Act, a federal statute, which was published in this edition of Paradigm magazine. The Provide Accurate Information Directly (PAID) Act was signed into law on December 11, 2020 and becomes effective December 11, 2021. This Act makes it easier for self-insured entities and liability insurance carriers to ascertain to whom conditional payments have to be repaid following a personal injury settlement, as required by the Medicare Secondary Payer Act of 1981 (MSPA), 42 U.S.C.A. §1395y. Jessica discusses The PAID Act, the historic circumstances which gave rise to the legislation and how the statute can help insurance carriers and defense counsel going forward.
To read the full-article, click here: https://issuu.com/primerus/docs/pri_0621_paradigmmagazine_summer2021_fnlereader