Frequently Asked Questions:

Question:

Do I have a conflict if I already filed an insurance claim with my Group Health Plan or Non-Group Health Plan policy?

Answer:

You should pursue your insurance claims as you normally would.  You are only assigning claims the MAO or government paid or your insurance did not pay on to the VaultsX Series I Recovery Fund.  The fund will only attempt to cover Medicare Secondary Payer payments which were secondary to your primary insurance or losses your insurance company did not pay for or for losses not covered by your insurance.  You should pursue all your insured claims with your insurance company.  You may proceed with your insurance company for insured claims and with the VaultsX Series I Recovery Fund for claims your insurance did not pay on.

Question:

How does the technology work to increase MSP recovery rates?

Answer:

While there are companies that do Medicare Secondary Payer Recovery, they use standard medical canvassing EHR and police reports to verify manual recovery.  Intuitively, police reports are a flawed process as the police person was not a witness of the accident 99% of the time and the report is not based on actual factual data.  Similarly, medical canvassing is a post mortem analysis which is not aligned with meta-data analysis.  This flawed process results in contested facts and no recovery.  Furthermore, these manual and outdated  processes are expensive and time consuming which means you recover less funds.

Our technology solution is low cost using biomarkers, machine learning over lab reports, food supply chains, GPS, accelerometer, gyroscope, weather, navigation and crowd sourced data to make a legal blockchain to associate with the claim.  This automated patented process is low cost and translates into higher recovery for your Medicare Advantage Organization or the US Government or an Independent Physician Association.   

Question:

Is there a time limit to sell and assign my claim to be included in the VaultsX Series I Recovery Fund?

Answer:

The current recovery fund has a deadline of April 30th, 2021.  Claims sold and assigned before that date will have priority.  Claims after that date may not be accepted.

Question:

Is my data confidential?

Answer:

Yes, your data will only be used in accordance with the claim and case and HIPAA compliant software to enhance the claim.  

Question:

If I have legal questions what should I do?

Answer:

If you have questions, you should speak with your own counsel, legal advisors or advisors who can give you input on how best to proceed.  CirclesX is not a legal advisor or financial advisor.

Question:

How often will I be updated on the status of the potential 50% gross recovery of my claim?

Answer:

The website system is updated daily with updates.  Some days, no new information will be known, but the most current information will be available on the website through your secure account.

Question:

How does CirclesX make money?

Answer:

CirclesX and our affilates have invested in our own claims with large database systems built over 20 years.  We also have invested in significant intellectual property and patents for the recovery technologies. We are also willing to front the legal and discovery cost involved with the case which will be expensive and costly.  In taking these risks and buying your claim, we will lose if the case is not successful.  If the case is successful, 50% of the gross recovery of your ORIGINAL CLAIM will be paid to you and  50% of the gross recovery will go to CirclesX to cover our software, business, legal and other costs.  You have no out of pocket cash cost risk to join the fund.  You are only forgoing the right to pursue your uninsured claims separately on your own.