“Settling in Unsettling Times:” CEO Ken Paradis Highlights Opportunities for Savings & Security in Settlement Strategies

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In the latest installment of the ExamWorks Clinical Solutions National Webinar Series, Chronovo CEO Ken Paradis and ExamWorks’ Vice President of MSP Compliance Marty Cassavoy discussed how structures animate the savings and security of an MSA in the organizations’ two joint offerings with Ametros called the iMSA and EBiMSA.    The goal of the recorded […]

PCEA’s Virtual Conference Features CEO Ken Paradis

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The Pacific Claim Executives Association announces its first-ever virtual educational webinar on Thursday, May 14, from 7:30-3:15 PST. Described as “an innovative day with some of the industry’s most sought-after speakers,” the day-long conference will address these timely topics: * COVID-19 Business Interruption Losses * Subrogation Funding and Other Modern Trends in Subrogation * COVID-19 […]

Changing Course on Your MSA Submission Policy During the COVID-19 Crisis and the Role of Structures

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Since Medicare Set-Aside (MSA) submissions to Capital Bridge, CMS’ Workers’ Compensation Review Contractor (WCRC), are submitted via electronic portal and reviewed remotely, we have been told that review and approval of MSAs should not be delayed by the COVID-19 pandemic. Assuming that delays do not occur, the new focus on quick closures to meet cash […]

Bagging the best settlement

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In the hunt for optimal settlements, injured individuals and their families are often tempted by the promise of big and immediate bounty. “Take the money and run” sure sounds good. But bagging a lump sum settlement can bring beastly consequences. For one thing, that large, tasty prize is easily dissipated and always vulnerable to hungry […]

Smart Planning for a Rainy Day

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The future is always complicated by unexpected events. For injured individuals and the professionals responsible for safeguarding their financial security and stability, there’s one way to weather the storm: build a solid structure.    With a structured settlement, customized to match the long “arc” of life—with provisions for medical expenses, college tuitions, home payments, and […]

HONORED! CHRONOVO NAMED A TOP INDUSTRY STARTUP

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Insurance CIO Outlook Magazine has recognized Chronovo as a Top 10 InsurTech Startup for 2019. The current issue of the magazine features profiles of the stand-out companies impacting the industry, including this article on the transformational technology at the heart of Chronovo Compass. True North for structures has arrived! INCLUDING THIS ARTICLE ON THE TRANSFORMATIONAL TECHNOLOGY […]

Misconception #8: “A structure will jeopardize my government benefits.”

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FALSE! Subject to state laws and especially when combined with Special Needs Trusts, structures are typically considered policies—not assets—when calculating AFDC, SSI, Medicaid and other needs-based, governmental public assistance. Structures preserve and enhance these benefits. Lump sums, typically considered assets, can end your current or future eligibility for such benefits.    In all cases, the […]