Life Care Planning: Preparing For What Lies Ahead

2008-05-19 10:17:06

( Insurance )



Life care planning helps you prepare for your future care needs. A life care planner will do a systematic analysis as regards your clinical and financial information. This analysis results in an estimated amount that you may have to utilize for medical and other resources. This is particularly useful to guardians or parents of those who have suffered certain conditions that have a long lasting effect because the life care plan can take care of the finances when they no longer can afford it.

Life care planning is applicable in circumstances such as when an employee becomes tragically ill or injured, or when your child or ward was born with a cerebral palsy or other birth-acquired conditions, or when you want to prepare for the scenario that you would become seriously ill when you become old.

Employers are utilizing life care planning as a tool to ease certain serious work-related illness or injuries. Although Workers Compensation program is mandatory in all states, there are certain conditions that are not covered under the program and this is where life care planning comes to the rescue. Life care planning usually starts when the worker's condition has become stable after a tragic injury.

To estimate future costs and needs for medication, factors such as age and general health conditions will be taken into account by a life care planner. Other factors also include the life expectancy of the individual, and the way the aging process would affect the disability of the patient. By utilizing life care planning, companies would be able to prepare and set aside an amount for the cost of the worker's medication.

In addition to projecting future health needs of employees, life care planning also helps to identify the health risks which would have a great impact on the future needs of the patient.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.