Life Care Plan Analysis

Life Care Plan Analysis

There’s a lot to consider when determining whether or not a proposed life care plan adequately accounts for your client’s present and future coverage of medical needs. A life care plan is initially drafted by a certified life care planner. This individual is likely an economist, a registered nurse, or, at the very least, someone who is otherwise certified to propose and lay out a life care plan for the future of your client. But life care planners aren’t financial experts in the way that our settlement planners are. They don’t have the full breadth of experience in such matters, or the financial sophistication, that we do. This is why getting a second set of eyes in the form of a comprehensive life care plan analysis can be very beneficial.

A life care plan gives you a projected dollar value required to cover medical and personal expenses over a period of time. This number can appear astronomically high, and, unfortunately, life care planners simply add costs based on your client’s needs, with little to no consideration for the deduction of the costs covered by existing medical coverage, for instance. Because they’re not financial planners, they also cannot demonstrate how a figure smaller than the life care plan’s suggested value can turn into a much larger value over time if properly invested and managed.

Our life care plan analysis, conducted by our settlement planners and financial experts, will give you a far clearer picture of how much money a plaintiff will really need, and how he or she should invest it to reach their target amount of money. Milestone’s life care plan analysts will go through the life care plan line by line to determine which costs are already covered by medical programs, giving the client a more concrete idea of how much money will be needed to fill the gaps. Beyond that, we can also provide a myriad of investment and savings options that will help an individual reach that target goal in the event that he or she comes up short. Reach out to the life care plan analysis experts at Milestone Consulting to get started right away.