About our company

Let us help you protect your funds

FFC will allow the settling parties to avoid concern that the medical funds could be attacked by creditors. After successfully handling MSA accounts for over two decades, FFC stands ready to comply with all applicable Medicare regulations while providing compassionate and informative service.

Fidelity Fiduciary Company, LLC (FFC) was founded in 2001 when leading workers’ compensation experts recognized an industry-wide need to provide a resource of competent payers to guide and assist the more complex injured workers’ financial needs. FFC, a forerunner of its kind, was founded two years before the Medicare Modernization Act (MMA) was enacted in 2003, which produced the largest overhaul of Medicare in the public health program’s 38-year history, including “Medicare Set-Aside” (MSA) funds.

Once a Workers’ Compensation (WC) or Liability (L) claim settles in partnership with Medicare, they become WCMSA or LMSA’s with settlement funds “set aside” for future medical/Rx payments. A decision will be made whether the funds will be professionally administered or self-administered. As a truly Professional Administrator, FFC has contractual duties for Medicare compliance, including:

1. Pay medical and pharmacy charges until the fund is temporarily or permanently exhausted.

2. Adjusting medical bills to the Workers’ Comp fee schedules or Usual and Customary.

3. Place the funds in an interest-bearing account.

4. Distribute account funds that are solely for expenses related to medically necessary services, supplies,or prescription drug expense.

5. Ensure the medical charges are related to the correct worker’s compensation injury and would be reimbursable by Medicare.

6. Reimburse Medicare if they have erroneously paid benefits while the funds were being professionally managed.

7. Maintain accurate accounting records, as well as notifying Medicare annually and anytime funds exhaust as required.

FFC will allow the settling parties to avoid concern that the medical funds could be attacked by creditors. After successfully handling MSA accounts for over two decades, FFC stands ready to comply with all applicable Medicare regulations while providing compassionate and efficient service.