The Powerful Settlement Tool
Future Medical Expenses (FME) are an important component of evaluating a plaintiff’s loss. While most Future Medical Expense evaluations are a standard part of a wage loss case, Robert W. Johnson & Associates provides this service upon request for other types of cases as well. RWJA reviews each anticipated, future medical service and expense item and provides you with the financial analysis needed to validate the total dollar compensation necessary for the appropriate level of restorative care.
Methodology
Future Medical Expense evaluations are typically based on Life Care Plans, provided by Life Care Planners. Alternatively, RWJA provides a simple form where attorneys can list their plaintiff’s expected future medical expenses. Often, reviewing the form enables the attorney’s damages team to focus more specifically on the details of Future Medical Expenses, and in some cases identifies the need for a full Life Care Plan.
Using information from the Life Care Plan, RWJA summarizes the timing, cost and frequency of each future medical expense. Next, RWJA applies the appropriate, statistically-based life expectancy. Finally RWJA determines the present value of the total future medical expense. This present value calculation insures that future restorative care needs will be fully funded and that the money will not “run out” before the end of the damages period.
The Future Medical Expenses report provided by RWJA validates the present value cost of restorative care, providing attorneys a critical tool for use in trials and settlement conferences.
Applications
RWJA has experience in a wide variety of FME cases, including:
- Wrongful life
- Medical malpractice
- Brain injury
- Severe burns
- Severe back injuries
- Paraplegia
- Quadriplegia
- Loss of limb
- Tobacco
- Other permanent injuries
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