Also referred to as Future Medical Cost Projection, a Cost Projection (CP) is just that, a tool that provides a projection of the total cost of the medical needs related to an individual’s injury, for their life expectancy. A Cost Projection is commonly used in determining reserves and in settlement negotiations.
Cost Projections follow a similar methodology used in creating a Life Care Plan (LCP) including areas that cover medical care, equipment and medications. These generally are not as extensive as a LCP, and require less time to prepare.
Meridian Solutions, LLC Donna Jennings, MPAS, PA-C, CLCP
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