The purpose of a life care plan is to establish and quantify medical damages from an injury. Such plans typically are created in high-dollar litigated cases in Workers Compensation Accident, Medical Malpractice, Personal Injury, Auto and Product Liability cases. Such plans will list all current and future medical care needs, including frequency and duration of treatment, medical evaluations, therapy, diagnostic tests, equipment, supplies, medications, home health care and transportation.

Life care plans should be consistent with standard care practices and recommend supportive care at an appropriate level for one’s condition. At first glance, most plans appear to be identifying reasonable and necessary medical costs. However, some recommendations may be unjustifiable, excessive and/or over inflated.

A number of innovative techniques are available to help mitigate costs, involving various financial products in conjunction with an annuity. An example is the knowledge and use of guaranteed issue health plans to mitigate or fully fund future medical damages. These are available in numerous U.S. states with lifetime caps ranging from $250,000 to some states where there is no lifetime limit on benefits! For example, instead of inefficiently disputing whether a plaintiff needs the claimed 3 back surgeries instead of 2, consider the funding of a health policy, which will cover the surgeries. Other collateral sources can often provide and therefore mitigate significant pieces of the life care plan.

Effective number crunching gets results. By utilizing our services, our clients have a better understanding of what it will actually cost to fund the damages. Armed with this information, the claims representative or counsel is better prepared to make an effective response to any demands. We aim to work with our clients to present a complete solution.