What happens to the funds in the Trust Account should I pass away?

The Trust Account funds, either in lump sum or structured settlement (if guaranteed), would go to your beneficiaries under the Trust Account arrangement. Medicare only requires the funds to be used for your future Medicare covered injury related expenses. Therefore, once you pass away those funds can flow to your family or named beneficiary. If a structured settlement is set up and you want money to go to your family or named beneficiary, you should request that the annuity be “guaranteed” instead of life only. The Trust Account is typically held open for a period of 12-15 months post death to pay for any outstanding bills providers may have for dates of service prior to death.