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Indian River County, Florida <br />Memorandum <br />TO: Joseph A. Baird, County Administrator <br />THROUGH: Jason Brown, Director, OMB <br />FROM: Beth Martin, Risk Manager <br />DATE: September 22, 2014 <br />SUBJECT: Mediated Settlement; Beverly Hatfield <br />It is requested that the Board of County Commissioners consider the following Consent <br />Agenda item at their October 7, 2014 regular meeting. <br />Background <br />On June 18, 2013 the Board approved a $295,000.00 mediated settlement of Beverly <br />Hatfield's August 12, 2005, workers' compensation claim. The County would be <br />reimbursed the full amount from two excess insurance carriers, Princeton and MidWest. <br />Since that time, we learned that the settlement was subject to a Medicare Set Aside <br />(MSA) calculation, and her medical costs continued to grow, including the prospect of <br />additional surgery. As a result, the current settlement amount is $380,448.03 when the <br />MSA is included. An annuity purchased by the excess carriers will fund the anticipated <br />medical costs. <br />Recommendation <br />In keeping with administrative policy, staff now requests Board approval of this amended <br />settlement. Payment will be made from the Self Insurance Fund. <br />If additional information is needed, please contact Beth Martin, Risk Manager, at <br />Extension 1287. <br />APPROVED FOR AGENDA: <br />osep; A. Baird, County Administrator <br />October 7, 2014 <br />Indian River County <br />Approved <br />Date <br />Administration <br />+i <br />/D <br />Legal <br />( 1 4/ <br />Budget <br />(.. <br />f// <br />Risk Management <br />Department <br />i4 <br />60 <br />