What distinguishes a Life Care Plan from a Medical Cost Projection?
For attorneys handling personal injury cases, grasping the distinctions between Medical Cost Projections and Life Care Plans is essential. While both Medical Cost Projections and Life Care Plans aim to estimate future expenses, significant differences exist:
Records Review: Medical Cost Projections typically concentrate on medical history and treatments received within the two to three years before the report. In contrast, a Life Care Plan is based on all the records for a given injury.
Interdisciplinary Approach: Life Care Plans involve not only an evaluation of the individual by the planner and extensive medical research but also consultations with external providers treating the individual for injury-related issues. In contrast, Medical Cost Projections are typically based on medical history and the treatments provided. In-person interviews are optional.
Legal Context: While both can be utilized in personal injury cases, Medical Cost Projections are not intended for litigation. A Life Care Plan provides attorneys with specific experts for disclosure, who can testify as needed.
At PMR Life Care Plan, we recognize that Medical Cost Projections and Life Care Plans are often thought to be interchangeable terms. However, they serve distinct purposes in representing clients with personal injuries and estimating associated damages. By understanding these differences, attorneys can better seek the appropriate professionals to draft reports tailored to their client’s unique circumstances.
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