Life Care Plan Vs. Vocational Assessment, What Are The Differences?
At Stokes & Associates we provide a number of different types of evaluations to help inform ongoing litigation in several ways. Here are a few of the ways Stokes & Associates assists you in representing your client, plaintiff or defense.
A vocational assessment is a methodical evaluation of an individual’s residual employability and earning capacity following a change in vocational status, for the purpose of quantifying losses. If future medical expenses exists, it may be appropriate to add a life care plan or medical cost analysis to quantify such costs.
A life care plan is a dynamic document based upon published standards of practice, comprehensive assessment, data analysis and research, which provides an organized, concise plan for current and future medical needs. The costs of future care are calculated for individuals who have experienced catastrophic injury or have chronic health care needs. Total costs are calculated in “today’s dollars” and are generally analyzed by an economist to determine a present value of services rendered over an individual’s life expectancy.
A medical cost analysis is conducted by applying the same method used in life care planning for non-catastrophic cases. This is particularly useful in assessing costs associated with an individual’s one-time only and/or short-term medical care needs as a result of an incident, such as future surgical needs and cost associated with such treatment. This analysis may also include some routine annual care needs. The purpose of a life care plan or medical cost analysis is to appropriately fund an individual’s future medical needs, not over-fund or under-fund care.
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Larry S. Stokes, Ph.D.
Aaron Wolfson, Ph.D.
Todd Capielano, M.Ed., LRC, CRC, LPC, CLCP
Lacy Sapp, MHS, CRC, LPC, LRC, CLCP