How Do You Calculate Future Medical Expenses in a Car Accident Case?
Are you wondering, “How do you calculate future medical expenses in car accident case?”
If you’ve been injured in a serious car accident due to the negligence of another driver, you’ve likely suffered significant injuries that require lengthy or expensive medical treatment. In the aftermath of a car accident, your personal injury settlement will include compensation for damages you’ve incurred from medical expenses and bills you could not pay while you were out of work recovering from your injuries. However, once your case is settled, you will receive a lump sum settlement and can no longer request more compensation from the at-fault party. Therefore, it is critical that your settlement fairly and accurately reflects the projected costs of your future medical treatment.
In this situation, our clients who have suffered serious injuries requiring long-term medical care often ask us, “How will my future medical expenses be calculated in my car accident settlement?”
In this article, we’ll review how future medical expenses are calculated in a car accident case, and why you should contact an experienced car accident lawyer if you’ve been injured due to someone else’s negligence.
What Are Future Medical Expenses?
Future medical expenses stemming from a car accident can cover a wide variety of treatments and often depend on the type and severity of injuries caused by the other party’s negligence.
These future medical costs can include:
- Follow-up care with specialty providers
- Hospital costs
- Diagnostic tests
- Physical, occupational, and rehabilitative therapy costs
- Mental health treatment
- Long term prescription medication
- Specialty medical supplies and mobility equipment
- Home modifications, including wheelchair ramps, widened hallways, and handicap-accessible showers
- Long-term caregiving or nursing services
When you’ve been seriously injured in a car accident through no fault of your own, your immediate priority will probably be recovering from your injuries, not calculating the cost of your future medical care down the road.
While you focus on healing, Riddle & Brantley’s experienced car accident attorneys can work together with your doctors and outside medical experts to make sure that your car accident settlement adequately reflects the costs associated with your future medical care.
For a FREE consultation with an experienced car accident lawyer who can help with calculating future medical expenses in your case, please call 1-800-525-7111.
There is no obligation and we don’t get paid unless we recover compensation for you in your car accident injury case.
Please call 1-800-525-7111 today and let’s review your claim.
Two Approaches to Calculating Future Medical Expenses in a Car Accident Case
When you’ve been seriously injured in a car accident due to another driver’s negligence, it can be difficult to estimate how much money you will need to cover the cost of your future medical care. Determining the value of future medical expenses is challenging because it requires placing a value on medical treatments that have not yet occurred. You’ll also need detailed documentation to prove what types of treatment will be needed in the future.
Riddle & Brantley’s experienced personal injury attorneys collectively have decades of practice determining what future medical expenses will be associated with particular car accident injuries and can help you recover the necessary costs of your long-term medical care.
There are two main approaches to calculating future medical expenses in a car accident case: the Additional Expenses approach, and the Total Lifestyle approach.
Additional Expenses Approach
Car accidents often cause injuries ranging from minor soft-tissue damage to serious bodily injury. Some injuries, however, such as those involving spinal damage, bone fractures, nerve damage, or internal organ injury, can require multiple forms of medical treatment over a period of time.
In these situations, your attorney may use the Additional Expenses approach to calculate your future medical costs over time. This approach requires your attorney to examine the specific medical costs associated with the treatment of your injuries, thus ensuring that you will receive adequate compensation to cover your current and future medical bills, future surgery costs, and medical equipment or transportation needs.
Even though these types of injuries may not be life-altering in the long term, your attorney can help you get the compensation you’ll need to cover the significant, and often expensive, short-term medical treatment you will need to recover from your injuries.
Total Lifestyle Approach
Although many car accidents cause injuries requiring medical treatment, some accidents cause injuries so severe and life-altering that an accident victim can no longer continue living independently. Even after a car accident victim has reached the point of maximum medical improvement (MMI), at which they have finished initial treatment and are unlikely to heal further, their injuries may still require ongoing medical care for the rest of their lives.
For example, accident victims who have sustained traumatic brain injuries, spinal cord injuries, paralysis or brain damage will often require specialized long-term care after an accident, including doctor’s visits, hospital stays, rehabilitation, in-home caregiving, specialized medical equipment, and in-home modifications.
Long term medical care can place an enormous financial strain on an injured individual and his or her loved ones. In these situations, your attorney will often make sure these expenses are reflected in a “life care plan,” which is a detailed report of a victim’s projected financial needs and expenses following a life-altering personal injury accident. Your attorney may use a life care plan to create a path forward for you or your loved one after an accident by accounting for projected future medical expenses and daily costs of living given the victim’s projected injuries and life expectancy.
The Total Lifestyle approach to calculating future medical expenses factors in the costs of these long-term care options to ensure that the victim’s settlement is sufficient to cover treatment costs for the remainder of the victim’s life. In estimating these costs, your lawyer will likely work with experienced health care providers who can provide testimony as to the types of ongoing medical care that patients with similar medical conditions will require over the course of a lifetime, taking costs of inflation into account.
By using a life care plan and the Total Lifestyle approach to calculate future medical costs, your attorney will help ensure that your car accident settlement fairly and accurately compensates you for the medical expenses associated with your long-term injuries.
Have You Been Injured in a North Carolina Car Accident?
Car accidents are traumatic, stressful, and frightening. In the aftermath of a car accident caused by another’s negligence, your primary concern will probably be on healing your physical, mental, and emotional injuries. Therefore, you may understandably be more focused on getting better now than on how the current and future medical expenses associated with your recovery will impact your financial future down the road.
Our experienced car accident attorneys at Riddle & Brantley can help you secure adequate financial compensation for your current and future medical expenses during this stressful time, allowing you to focus on what’s most important – getting better.
“They made a hard time in my life easier to endure.”
–Melissa C., Riddle & Brantley client
When your car accident injuries are caused by the negligent acts of another driver, our personal injury attorneys can help you pursue a legal claim against those responsible and their insurers to recover the costs of your medical bills. If you or a loved one has suffered serious, long-term injuries from a car accident, our attorneys will work with your doctors and other medical experts to understand the extent of those injuries, the kind of long-term medical treatment required, and the future costs of this treatment to ensure that your settlement will account for these future medical expenses.
For a FREE consultation with an experienced car accident lawyer who can help calculate future medical expenses for your potential settlement, please call 1-800-525-7111.
There is no obligation and you won’t pay any attorney fees unless we win your case and you receive the compensation you need and deserve.
Justice Counts for those injured in car accidents due to others’ negligence and we would love to help you if we can.
Please call 1-800-525-7111 today and let’s review your claim.