01/17/2014 // LifeCare123 // Greg Vigna // (press release)
Life Care planning isn’t just reserved for elderly individuals seeking to plan for their lives post retirement, it is also highly important for many individuals who have been involved in serious accidents. Individuals who suffer an amputation, spinal injury, traumatic brain injury, or other catastrophic injury due to an accident frequently face related challenges for the rest of their lives.
Injured accident victims who have permanent disabilities that require lifelong medical care face unique financial challenges in addition to the physical ones. For example, sufferers of traumatic brain injury often require surgery and intensive long-term rehabilitation. The cost of the medical support required to meet their needs is in most cases far more than patients can afford.
CDC Grand Rounds: Reducing Severe Traumatic Brain Injury in the United States
“A severe TBI not only affects a person’s life and family, but also has a large societal and economic toll. The economic costs of TBIs in 2010 were estimated at $76.5 billion, including $11.5 billion in direct medical costs and $64.8 billion in indirect costs (e.g., lost wages, lost productivity, and nonmedical expenditures) (7,8).”
For more information about traumatic brain injury, please visit http://www.cdc.gov/mmwr/preview/mmwrhtml/mm6227a2.htm
Different Types of Health Care Costs
“There are several types of health care costs. They are direct costs, indirect costs, intangible costs, opportunity cost, average cost, incremental cost and marginal cost.” – See more at: http://www.healthguideinfo.com/health-informatics/p6764/#sthash.54CAJNF3.dpuf
Life care planning can help people affected by serious accident injuries understand their options for moving forward in the long term. When one’s accident has been caused by the negligence or misconduct of someone else, there are legal options for recovering compensation for medical expenses and other damages. With a life care plan in place while pursuing such claims, the substantiation of costs included helps justify requests for medical reimbursement and other items. A question many faced with permanent debilitating injuries have is, Can liable parties be deemed responsible for lifelong care, and if so, are these costs projected in a life care plan?
The answer to both questions is yes. Those found liable for another person’s injuries may be held responsible for all costs related to what may be required for victims in the long-term. Although projecting lifelong medical care costs can be challenging, an experienced life care planning expert understands how to make the proper assessments to include them.
The Life Care Solutions Group is available to help those who have been involved in a serious accident resulting in a debilitating injury that have questions about accident injury life care planning support. Individuals can contact the group today for more information on how to receive help assessing their medical and legal options.
Media Information:
Address: 770 ‘L’ Street Suite 950 Sacramento, CA 95814
Phone: 916-258-2655
Url: Lifecare Solutions Group
