Can a Life Care Plan Be Used as a Settlement Strategy?

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Each year, 29 million people suffer a serious injury.

If you were injured and are suing for justice, you might want to use a life care plan to help your strategy.

But what is it and how does it work? Keep reading to find out!

What Is a Life Care Plan?

A life care plan is an important tool that will help figure out the continuing and current costs of care for an injured plaintiff. This plan is created by vocational professionals who have the credentials to testify in court. They’ll likely have to testify why their plan is legit.

This plan will project costs associated with things like home health care, medical equipment, occupational or vocational therapy, lost earning capacity, physical therapy, rehabilitation, surgeries, home health care, long or short-term care, transportation needs, and any other medical equipment.

These plans are essential when the plaintiff has suffered from a really bad injury. This injury could be something as bad as spinal cord damage, traumatic brain injury, or limb amputation.

A catastrophic injury will always need future care, so you need to make sure that you’re compensated for it. A life car plan is important for other injuries as well, so make sure that you have one in order to get a settlement.

How Can It Be Used in a Settlement?

When you have an end-of-life care plan, this will help you in your settlement. It’ll help to provide evidence of why you need a certain amount of money damages. This will justify that these damages are necessary in order to cover your care.

However, this care has to be associated with the injury that you are suing against. You may also have to consider economic assumptions, like inflation. However, have a professional review it to make sure that it’s not under-estimated or over-inflated.

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Questions Asked

When you’re coming with a life care plan, there are a few questions you can ask to figure out if this will be helpful or useful in your settlement.

For example, do you need extra help with daily activities? This could be something like going to the bathroom, dressing, cooking, shopping, or cleaning the house.

Do you need medical equipment? These could be items like a walking device. Will you need to use these in the future?

Will you have to visit medical specialists in the future? Do you need pain management, physical therapy, rehabilitation, or neurology?

Do you need medication permanently or at least for the next year?

Learn More About a Life Care Plan as a Settlement Strategy

These are only a few things to know about a life care plan for your settlement strategy, but there are many more factors to consider.

We know that going through a settlement or personal injury case can be long and stressful, but this is one strategy that will help.

Did you find this article helpful? Check out our website for even more great tips just like this!