LCP-MCP-MSA

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)