Calculating Future Medical Expenses

Thursday, July 2, 2020

Calculating Future Medical Expenses

If you suffer a significant injury in an accident that was not your fault, it is likely that you will incur high medical expenses. These costs can stretch into the future, in the event you need a future medical procedure (such as surgery), injections, medical equipment, or long-term care at a nursing facility or care center.

There are a variety of factors to consider when estimating the cost of future medical expenses following an accident. If you have suffered one or more injuries in an accident that you did not cause, an experienced Chicago personal injury attorney at Malman Law may be able to assist. Our knowledgeable legal team will review all of your medical records and bills, as well as physician’s reports, and can make a claim for future medical expenses and damages on your behalf.

How to Prove that You Will Likely Incur Future Medical Expenses

In order to prove that you will likely incur medical expenses in the future, you will need to have an experienced healthcare provider on board in your case. The doctor will need to have treated you and examined you. He or she can then review all of your medical treatment records and make a determination about the following:

  • The likelihood that you will need medical treatment at some point in the future
  • The type of medical treatment and/or procedures that you may require, such as surgeries or injections
  • The approximate cost of your future medical treatment or procedures
  • The causal relationship between the need for future medical care and treatment and your accident

Factors Used to Calculate Future Medical Costs

When determining the approximate cost of future medical care, healthcare providers will look at a variety of factors. First and foremost, they will look to the extent and severity of the injuries which you suffered in your accident. Generally speaking, the more significant your injuries, the higher the likelihood (and the higher the cost) of any future medical treatment.

In addition, healthcare providers will look to the types of medical treatment that you will likely need. Surgeries and injections, for example, can be extremely expensive medical procedures. The anticipated costs of these future medical procedures also depend upon the geographical area where you are treating. 

Also, when arriving at this calculation, a healthcare provider will determine if your injuries are so serious that you may require lifetime treatment and care at a nursing home or long-term care facility. Years of residence or treatment at a nursing home or long-term care facility can rack up a large medical bill. Once a healthcare provider arrives at a monetary figure for your future medical expenses, he or she will typically put that number in writing, along with a justification for this anticipated medical treatment. 

When the at-fault person’s insurance company adjuster is reviewing the claim, he or she may (and should) include the amounts of these anticipated future medical costs in all settlement offer calculations. Similarly, if your case goes to trial, your lawyer will likely present evidence to the jury of your need for future medical care and treatment – and the anticipated cost thereof.

Talk to a Chicago Personal Injury Lawyer Today

The legal team at Malman Law can assist you with pursuing a damage claim for future medical expenses. For a free case evaluation and legal consultation with a skilled Chicago personal injury lawyer, please call us today at (312) 629-0099 or contact us online. 

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