How Are Future Medical Expenses Calculated?

Click Here To Get Started NowCall Us 24/7

calculator with receipt

After getting seriously injured in a personal injury accident, you may be anxious to initiate a civil lawsuit against the negligent party. This is because you may want to obtain financial compensation for your already-hefty medical bills that have been continually piling on since your accident event. But at the same time, you may be unsure of how your medical bills are going to look in the future, and therefore how to request compensation for them as well. In this case, please continue reading to learn how future medical expenses are calculated in a settlement and how an experienced Ontario personal injury lawyer at Merricks Law Group, P.A. can help you figure out an accurate amount to claim.

How are future medical expenses calculated in personal injury settlements?

You may rest easier knowing that you do not have to calculate your future medical expenses on your own. Rather, the lawyer you employ may take the lead on this. Here, your lawyer may work closely with a medical expert to determine a fair amount to propose in a settlement proceeding. The factors they may look into for this are the type and severity of your injuries; the health condition you were in before incurring these injuries; the treatment goals that have been prescribed to you, the estimated time and cost of your prescribed treatment plan, the approximated inflation rates during this timeframe; and more.

Ultimately, in these settlement negotiations, a medical expert may give a sworn statement outside of court, otherwise known as a deposition, to confirm that there is a reasonable likelihood that these are the medical expenses you will incur in the foreseeable future. In an ideal scenario, the defense team will conclude that they will likely lose in a civil court setting and settle for this proposed amount.

What other types of future expenses should I account for?

More aspects of your life may be affected in the aftermath of your personal injury accident than you initially anticipated. This is to say that you must consider the other types of economic and non-economic damages you might incur in the future following this accident event. Nonetheless, other future expenses you, your lawyer, and a hired financial expert should account for include the following:

  • The future cost of your lost wages and diminished earning capacity in your field (i.e., you now have a physical disability).
  • The future cost of a mental health counselor for your mental anguish and emotional suffering (i.e., you now have post-traumatic stress disorder).
  • The future cost of your lost enjoyment in life (i.e., you never want to drive a car again after a car accident, or go to a restaurant after a slip and fall).
  • The future cost of major property repair or replacement projects (i.e., if your property was damaged in a product defect or malfunction accident).

We advise you to reach out to a skilled Ontario personal injury lawyer sooner rather than later. We are confident that you will not regret retaining the services of our team at Merricks Law Group, P.A.

Latest Blog Posts

© 2025 Merricks Law Group, P.A.. All Rights Reserved.
Disclaimer | Sitemap | Privacy Policy