Hello all!
Ok have a question and wondering if anyone has dealt with this before.
I settled a work comp claim @ a month ago. I received a large amount of money from the WC carrier for future medical treatment. My attorney told me I had to make a good faith estimate of what my future cost will be, and deposit said money into a SAVINGS acct. I'm on Medicare now. Was told that they won't pay for any WC related treatment, which is fine with me, as I was given the money to do so. Here's the rub, the amount I was paid I believe far out weighs the amount I will need, and the savings account only pays .25% interest. So here is a couple of questions.

What can happen if I put it into Very low risk investment instead ?
3-4 % return.
don't use the whole amount as set aside?

This is what my Attorney told me.
Case was settled BEFORE medicare was enforce so it needs only good faith deposit, he said 20-30% should be enough.
He also stated Savings acct. however he also stated he had never heard of anyone doing what I'm considering doing.
He handles just SS cases and WC. so I trust him with what he knows, which could bite me either way

I also spoke with my Doctor about future treatments. I have RSD/CRPS, which I KNOW can change. I have had it 3 yrs now and doing nerve blocks and meds. He stated that at some point what we are doing now may stop working, which isn't much anyway as far as getting pain relief.

So opinions please or real experience with this.