Future Medical Costs

What does Future Medical Costs mean?

If you have been injured due to the negligence of another person and you can prove their negligence caused your injuries you may be entitled not only to current medical expense reimbursement but also for what is called future medical costs. For instance, prior to the court determining your full compensation award they will calculate your full monetary loss.

If you have been injured the first step is to talk to a personal injury lawyer. A personal injury lawyer has the expertise to evaluate your condition and determine your likelihood to need future medical care, the specific description of the type of care needed, an estimate of the projected costs of the care and your life expectancy. It is important not to settle your injury claim with another person or an insurance adjuster until you understand your remaining future medical expenses.

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Means Test

The means test was designed to determine whether an individual debtor\'s Chapter 7 filing is presumed to be an abuse of the Bankruptcy Code requiring dismissal or conversion of the case, generally to Chapter 13 (see Abuse).

Category: bankruptcy