Fair Settlement Value:
The Brain Injury Settlement Calculator is a valuable tool used to determine the fair settlement value for individuals who have suffered brain injuries due to various reasons. It calculates the monetary compensation one should receive for the pain, suffering, medical bills, and lost income resulting from the injury. The formula for this calculation is straightforward:
Formula of Brain Injury Settlement Calculator
Fair Settlement Value = Pain Multiplier X (Medical Bills + Lost Income)
The Pain Multiplier is the key factor that varies based on the severity of pain and suffering experienced:
- Minor Pain/Discomfort: Multiplier of approximately 1.5
- Moderate Pain: Multiplier of around 3
- Severe Pain and Suffering: Multiplier of 5
- Permanent or Life-Altering Pain: Multiplier of 10
Now, let’s explore this formula further with a practical example.
Example of Brain Injury Settlement Calculator
Imagine an individual who has incurred $20,000 in medical bills and $10,000 in lost income due to a brain injury. If the pain level is categorized as ‘Moderate Pain,’ the calculation would look like this:
Fair Settlement Value = 3 X ($20,000 + $10,000) = 3 X $30,000 = $90,000
In this example, the fair settlement value for the brain injury would be $90,000.
General Terms Table
| Term | Definition |
|---|---|
| Medical Bills | The total medical expenses incurred due to the injury. |
| Lost Income | The income lost as a result of the injury. |
| Pain Multiplier | A factor based on the level of pain and suffering. |
| Fair Settlement Value | The calculated compensation for the brain injury. |
Most Common FAQs
The Pain Multiplier depends on the severity of pain and suffering, ranging from minor discomfort to life-altering pain.
The calculator provides a reliable estimate, but the final settlement may vary based on legal considerations and negotiations.
Simply input your medical bills, lost income, and select the appropriate pain level to calculate the fair settlement value.