What to expect 2

[pdworth2]

Questions from previous post.

Is 250,000 an unheard of settlement amount for future medical.

Does the money go into a fund or am I responsible for the proper investment.

[tweety00]

Pd sorry im not at that stage yet .. Not sure of your injuries or state but hopefully someone will be along .It can take a day or 2 for a response.

[rholmes]

PD

I am not sure either,but I think it depends on your age, earning power and amount of disability.

[Still in Limbo]

Future Medical is Calculated by taking Your average Yearly Medical and Prescription Expense, along with any Future Surgeries that may be needed, and Your Current Age and Average Life Expectancy. If you are Planning on Applying for Medicare within 30 Mos. of Your Settlement, a Medicare Set-Aside is going to be Needed. It's basically Calculated the Same Way, but the Funds are put in an Interest bearing account, and You have a Yearly Amount that You need to exhaust, and then Medicare takes over and Pays. Example: If your Average medical and Prescription Care is $5,000.00 (Just a Figure for Example) and You use $3000.00 for that Year, the next year You have $7,000.00 to spend. (The $2000.00 left over. Plus Your $5,000.00 for the next Year) Should You Pass, a beneficiary receives the Balance in Your Account. Don't let anyone such as Your Attorney tell you You don't need the MSA, if You are going to Apply. If You do it that way, they will want You to set up the Set-Aside with Your Funds. If You leave medical Open, with the i/c, You can Bet they will be sending You to Their Dr.'s for Check-Ups, and when One says Your are Healed, You will be in Court Fighting for Your Benefits. I Hope this has Helped, and Have a great Day!!

[1171]

worth:
no.
future medical costs for serious injuries can be many times higher.
depends on the settlement type and whether a medicare set aside is involved.