A Medicare set-aside is an amount of money related to future medical expenses that must be reserved...
secondary payer
Under federal law, Medicare is a secondary payer (only secondarily responsible) for paying medical expenses for individuals covered by Medicare who are also covered by any type of private insurance.
Additional Information
An example of how this concept applies is in the context of workers compensation claims. The medical expenses of a Medicare-eligible injured worker should be paid by the workers compensation insurer or self-insurer as the primary payer, with Medicare serving as the back-up or secondary payer of the medical expenses.
Related Terms
The party that is responsible for funding a claim payment to an individual eligible for Medicare...
