stethoscope with calculator and graph

When you are involved in an accident caused by another person’s negligence, you may sustain seriously damaging and long-lasting injuries. The good news is that because of the other individual’s negligent behavior, you are likely within your rights to file a claim or lawsuit against them for compensation for your associated expenses. However, if the day of your settlement comes and you are not yet fully healed, how can you account for the costs you will incur later on? With the help of a team of professionals, you can calculate your approximate future medical expenses and include them in the damages you are awarded. For more information on your rights and legal options during this time, contact a York County, PA personal injury attorney today.

What Are Future Medical Expenses and Why Are They Important?

Future medical expenses are exactly what they sound like. The term refers to any medical costs that you have not yet been billed but will be in the future. In personal injury cases where the victim is left with a serious injury or permanent disability, they are likely not fully recovered by the time their case is being resolved. Calculating future medical expenses allows the victim to be awarded additional funds that they can use to pay for the costs that they have not incurred yet but will later on.

Without including future costs in the calculation, the victim would be forced to foot the bill for all forthcoming costs even though the other individual is responsible.

How Can I Calculate Future Medical Expenses?

Calculating future medical expenses can be complex but the process is made easier with the help of a team of professionals. In general, the best way to determine the medical care you will need in the future is to create a detailed care plan outlining all of the treatments and changes you will need either until you recover or for the rest of your life. Your doctor, physical therapist, counselor, and other medical professionals can work together to create a plan that will suit your needs.

The care plan will be created while keeping in mind the following factors and more.

  • Your age
  • Your overall health
  • Your life expectancy
  • The type of injury
  • The severity of your injury
  • The effectiveness of potential treatments

Once a care plan has been created and developed, the medical professionals can offer their insight and opinions on the costs and total expenses of the required care. You can use the help of economic experts like financial planners, analysts, accountants, and more to determine with precision the associated costs of each line item. These professionals can account for inflation, the likely increase in medical equipment over time, your income and earning capacity, insurance coverage, and more.

Reach out to a skilled attorney to learn more about your rights and ensure you receive the compensation you deserve.