Resources

If you are involved in a settlement of physical injury or lost life case, apart from the monetary compensation for your losses, the planning of such proceeds is very crucial. During the settlement process, you might hear various terms like structured settlement, annuities, tax-free/deferred payment, internal revenue code 104, 130, 468B, 5891, MSA, etc. Before signing a settlement agreement, it is important that you educate yourself with some of the jargons used in settlement planning industry.

To the best of our ability, we have tried here to provide you with our understanding of the terms and other reference material available on the internet. We highly recommend that you seek advice of your professional financial, tax and legal counsel before making any decision around your settlement and/or financial planning.

Glossary of Settlement Planning Terms Medicare (Centers for Medicare and Medicaid Services)

Medicaid

Internal Revenue Codes

104 (a)(2)

130

468B

5891

Annuity Providers

Trade Associations relating to Settlement Planning Industry