EcoFin, Inc.

Life Care Plans

Reducing the future costs of a life care plan prepared for an individual to a present value is critical in order to ensure that sufficient funds are available to pay for the injured party’s future medical goods and services.  While interest rates generally exceed inflation as measured by the Consumer Price Index (CPI), the cost of many aspects of health care has continued to grow at a rate that greatly exceeds that of the overall rate of inflation in the economy.  Ecofin, Inc.’s, Life Care Plan Economist has been developed over many years of discounting life care plans to a present value in order to determine as accurately as possible the cost of each category of medical goods and services that can reasonably be anticipated to be incurred in current dollar terms.  The individual categories are detailed by year as well as in a summary table.  Since the remaining life expectancy of a severely injured person may also be shortened, a table summarizing the total costs by year and on a cumulative basis is also presented to enable the finders of fact to make adjustments to the figures based upon the evidence presented.

Click here to view a sample report