What are the differences between a life care plan and a cost estimate?
A LIFE CARE PLAN
Requires extensive time and research to determine the current and future needs of an injured person. This is a thorough and in-depth document involving collaboration with the injured person and their providers. The full scope of care needs are assessed regarding future care.
A Cost Estimate
Requires a question regarding a specific care cost. It does not typically involve contacting the injured person or their treating provider. The costing methodology is the same as in a life care plan, abiding by the highest standards. Because it takes less time, it is a much more cost-efficient way to get answers.
What We Do
We are typically provided a medical recommendation from a limited medical record, letter, or deposition as the basis for the cost estimate. Cost estimates are helpful when there are single needs such as a surgery or other procedures. It can also be helpful when there will be a need repeated procedure, long term, such as an injection. While a cost estimate is a simpler document, our costing methodology remains the same as if we were pricing a life care plan, providing a reliable and valid tool based on the highest standards.
When you need the help of a qualified life care planner to get answers, give us a call. We are here to help.
