These specific forms pertain to the reporting of settlements related to workers’ compensation claims in Colorado. They are crucial for documenting agreements reached between injured workers and their employers or insurers regarding Medical Set-Asides (MSAs). An MSA allocates a portion of a settlement to cover future medical expenses anticipated as a result of the work-related injury. Form 1285 is used when the settlement includes an MSA, while Form 1286 is used when no MSA is required.
Accurate and timely submission of these forms ensures compliance with Colorado regulations. This documentation safeguards the interests of both the injured worker, by providing for future medical care, and the parties responsible for payment, by clearly defining the scope of their financial obligations. The use of standardized forms promotes transparency and consistency within the workers’ compensation system. This system plays a vital role in protecting employees and employers alike, offering a structured process for addressing workplace injuries and ensuring fair resolution.
