Calculating Personal Injury: Lost Future Medical / Household Services

Co-Sponsored by the National Association of Certified Valuators and Analysts®

	Program Description		Schedule
	How You Will Benefit		Pricing and CPE

This course delivers a focused and comprehensive look at two essential components of economic loss applicable in both personal injury and wrongful death litigation: lost future medical expenses and lost household services. This course empowers professionals with the tools to evaluate complex damages that often account for a substantial portion of total economic loss.

The first half of the course explores how to interpret and calculate future medical costs. Participants will learn the respective roles of medical experts, life care planners, and economists in projecting costs over a person’s lifetime. It outlines how to extract relevant data from life care plans and transform it into defendable financial models using sources like the Consumer Price Index, medical inflation rates, and government bond yields. Attendees will gain critical insight into evaluating costs for medications, durable medical equipment, in-home care, and home modifications; while avoiding common pitfalls like double-counting, improper midpoints, or unclear treatment timelines.

In the second half, the course shifts focus to household services; the economic value of unpaid labor performed in the home. Participants are taught how to determine this value using data from the American Time Use Survey (ATUS), the Dollar Value of a Day (DVD) model, and other reliable benchmarks. The course also covers how to adjust for geographic differences, family structure, employment status, and inflation, ensuring each valuation reflects the plaintiff’s actual circumstances.

Attendees will walk away with the knowledge to produce clear, precise, and well-documented valuations that are aligned with best practices and legal standards. This is part of the Personal Injury course.