Your Brain Injury Could Cost You More Than You Think

On behalf of Lovett Law Firm posted in Brain Injury on Thursday, July 7, 2016.

There are many things to think about before you take a settlement for a brain injury. Before you ever decide what you want to ask for in a settlement or try to have your attorney negotiate, you need to know how much your injury could cost you over time.

The cost of a brain injury can be exponential; each patient is different, and the impact of a brain injury will arise in a variety of ways. It’s been estimated that each case of a brain injury costs a person around $33,284 to $35,954 for a mild injury, while a moderate traumatic brain injury costs between $25,174 and $81,153. This expense is primarily a result of acute care, which is the care received when the injury is first suffered. It can include hospital bills for MRIs, CT scans, bloodwork and other necessary tests.

Other financial impacts can be seen in yearly care. Annual care for a person who is in a post-acute rehabilitation program can be $450,000 or so on average, while annual costs for those placed in a behavioral group home is around $84,082.

The total cost of lost productivity due to TBIs in the United States was estimated to be $1.1 billion annually, with three times more males suffering than females.

In 2010, a study showed that 36 percent of all costs individuals accrue for a TBI take place within the first six months after the injury. Over half are accrued within the first year. With so much money necessary up front, it’s important to get your claim filed. Our website has more information on the steps you need to take.