Question

It is important for the life care planner to recognize that accurately calculating costs is extremely important when developing a life care plan.

To demonstrate the magnitude of correctly calculating costs, take this case example in which the following recommendations were made for physical therapy, occupational therapy, and individual counseling:

  • Occupational therapy (OT): 3x/week for one year, at $85 per session.
  • Physical therapy (PT): 2x/week for one year, at $75 per session.
  • Individual Counseling (IC): 2x/week for 6 months, at $135 per session.

The life care planner calculates the costs as follows:

  • OT: (3 x 52 weeks = 156 sessions per year) 156 x $85 = $13,260 total
  • PT: (2 x 52 weeks = 104 sessions per year) 104 x $75 = $7,800 total
  • IC: (2 x 24 weeks = 48 sessions) 48 x $135 = $6,480 total
  • Total cost of therapy: $27,540

Is this total correct? Justify your response.

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