Medical Cost Projections

Medical Cost Projections are an unbiased third party estimation of the total medical, durable medical equipment and prescription drug value of a claim.

It is a very useful and invaluable tool in mediation, setting accurate reserves and settlement negotiations because it is designed to forecast future medical exposure and establish a medically accurate basis on which to set reserves for workers’ compensation, liability files or claims.

Reviewed and written by Certified Life Care Planners, Future Medical Cost Projections provide an itemized medical summary listing all relevant and appropriate medical, equipment and pharmaceutical needs on an annual basis as well as for the expected life of the individual. The Future Medical Cost Projection is similar to a Life Clan Plan but is recommended when a more generalized and expedited form of information is needed or to help all involved parties get a better initial understanding of the potential scope of a case.