The time following a spinal cord injury can be extremely overwhelming, especially when it comes to finances. Only about 52% of spinal cord injury survivors are covered by private health insurance at the time of injury, yet first-year expenses for a paraplegic average $152,000 and first-year expenses for a quadriplegic average $417,000. A paraplegic who is injured at the age of 25 can expect to spend $428,000 on care throughout the course of his or her lifetime, while a quadriplegic who is injured at the same age can expect to spend $1.35 million.
Types of Financial Assistance
The type of financial assistance received will depend upon how the survivor sustained his or her spinal cord injury, as well as whether he or she meets certain eligibility requirements. For example, if the injury was the result of a car accident, third party, or is work-related, itâ€™s quite possible that a third party may have some obligation to pay related medical bills. The best way to determine if someone else is possibly responsible or your injury is to contact a lawyer who specializes in spinal cord injury cases.
Other types of financial assistance include:
- Medicare and Medicaid
- Special Needs Trusts
- Health Insurance
- Public Assistance
Know Your Rights
Survivors of spinal cord injury are entitled to certain types of assistance depending upon state and federal policies. Itâ€™s important for survivors to understand policies and legalities surrounding his or her injury, or to enlist the support and help of someone who does.