CMS to Begin Utilizing 2014 Life Table
The CMS WCMSA web portal, where Workers’ Compensation Medicare Set Aside submissions are submitted to CMS for review, has alerted users that as of December 11, 2017, CMS will begin using the Table 1: Life Table for the total population: United States, 2014. This means that for any WCMSA proposal received by CMS, or where any WCMSA case is reopened on or after December 11, 2017, CMS will apply the CDC’s 2014 Table 1 for life expectancy calculations. As with similar updates, the increases noted on the life table are minor, and the rounding procedure utilized by CMS should result in use of the same life expectancy in many instances. A link to the updated Life Table can be found here. An alert from CMS will likely be forthcoming.