medicare set-aside For purposes of this subsection, a Medicare set-aside meets Medicare secondary payer obligations if the Medicare set-aside amount reasonably takes into account the full payment obligation described in paragraph (1)(A), while meeting the requirements of subparagraphs (B) and (C) and is determined based on the following: (i) The illness or injury giving rise to the workers' compensation claim involved. (ii) The age and life expectancy of the claimant involved. (iii) The reasonableness of and necessity for future medical expenses for treatment of the illness or injury involved. (iv) The duration of and limitation on benefits payable under the workers' compensation law or plan involved. (v) The regulations and case law relevant to the State workers' compensation law or plan involved. (B) Items and services included A Medicare set-aside— (i) shall include payment for items and services that are covered and otherwise payable under this title as of the effective date of the workers' compensation settlement agreement and that are covered by the workers' compensation law or plan