Life Care Plans often cost substantial amounts of money. It is not unusual to find the cost to run into the millions of Dollars. 

It is important that when an amount of money is awarded that this covers the future cost of treatment, necessary devices, hospitalizations, surgeries, doctors’ visits, equipment, consumables, drugs, transportation, adjustments and accessories. 

Inflation rates of hospital care, physician’s services, drugs, nursing care, durable medical equipment have historically been higher than the generally reviewed inflation rate (CPI-U). It is therefore reasonable to use these rates to project the future costs of these items before reducing the total award to Net Present Value.