Life Care Plan - Medical Cost Projections - Medicare Set Aside
What’s the Difference?
Life Care Plan
- What – lengthy report with future care and costs
- Who – referrals from attorneys or insurance adjusters
- Why – likely to testify in court as expert witness
- When – medical stability or court deadlines
- How – methodology based on licensure and certification
- Certification – Certified Life Care Planner (CLCP), Certified Nurse Life Care Planner (CNLCP®), & Certified Physician Life Care Planner
- Associations – International Academy of Life Care Planners (IALCP), American Association of Nurse Life Care Planners (AANLCP), & American Academy of Physician Life Care Planners (AAPLCP)
Medical Cost Projection
- What – abbreviated report/letter/email/verbal determination of future care and cost
- Who – referrals from attorneys or insurance adjusters
- Why – likely behind the scenes look to prepare for settlement/mediation, can also be used to testify in court as expert witness
- When – anytime during life of case
- How – methodology based on author’s experience, knowledge, & training
- Certification – None
- Associations – None
Medicare Set-Aside
- What – specific report with future care and costs that’s covered by Medicare
- Who – referrals from attorneys or insurance adjusters
- Why – federal law to protect Medicare’s interest during settlement
- When – nearing settlement, at time of settlement, or time of jury award
- How – methodology based on Medicare guidelines
- Certification – Medicare Set-Aside Consultant Certified (MSCC)
- Associations – National Alliance of Medicare Set-Aside Professionals (NAMSAP)