CMS to Begin Utilizing 2016 Life Table
Starting October 12, the Centers for Medicare and Medicaid Services (CMS) will begin using the CDC’s “Table 1: Life Table for the total population: United States, 2016” for Workers’ Compensation Medicare Set Aside (WCMSA) life expectancy calculations. This means that for any WCMSA proposal received by CMS through the voluntary review program, or where any WCMSA case is reopened on or after October 12, the Workers’ Compensation Review Contractor will apply the CDC’s 2016 Table 1 for life expectancy calculations. However, 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, and should not result in any surprising CMS issued approvals.
A link to the updated Life Table can be found here.