The financial impact of a spinal cord injury

A spinal cord injury can happen at any time. For example, this can be the result of a motor vehicle accident or slip and fall accident.

Since no two people are the same and since no two spinal cord injuries are identical, there is no way of knowing for sure what the future will bring.

Here's the most important thing to remember: The medical industry has come a long way in regards to treating spinal cord injury. There is help available today with treatments that weren't available just a few years ago.

Of course, help does not come for free. In fact, the financial impact of a spinal cord injury can continue to grow with each passing year that you require treatment.

If you or a loved one is faced with long-term treatment for a spinal cord injury, it's important to understand the average yearly costs. This will give you a better idea of what to expect now and in the future.

The average expenses depend on many factors, including the type of injury, progress made and location. Along with this, lifetime costs attributable to spinal cord injury can also vary based on employment history and education.

Due to the fact that the financial impact of a spinal cord injury can reach well into the seven figures, it's important to plan for the future. This means many things, including seeking compensation for your injury.

For instance, if another party caused an accident that caused your injury, you need to look into the many ways you can receive compensation. This money will come in handy in the future as you seek the best possible treatment.

Source: Christopher & Dana Reeve Foundation, "Costs of living with SCI," accessed Jan. 12, 2017

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