Traumatic brain injuries can have profound and lasting financial effects on individuals and their families.
When such injuries occur as a result of accidents, it is important to consider the potential long-term financial consequences.
1. Medical expenses and rehabilitation costs
TBIs often require extensive medical attention and rehabilitation. Individuals may need surgeries, hospitalization, medication, and ongoing therapy. In 2020, TBIs served as the reason for approximately 214,110 hospitalizations. The cost of rehabilitation can vary widely, but it typically includes physical therapy, speech therapy, occupational therapy and psychological counseling. Over time, these expenses accumulate and can put significant pressure on a family’s budget.
2. Lost income and reduced earning capacity
For many TBI survivors, the ability to work or earn an income may diminish. Depending on the severity of the injury, some individuals might experience cognitive impairments, memory issues or physical disabilities that limit their job opportunities or performance. In some cases, they may need to switch to lower-paying, part-time or less demanding roles, resulting in reduced income.
3. Lifetime care and support
Severe TBIs may require lifelong care and support. Families often become the primary caregivers for their loved ones, which can result in an inability to work or work reduced hours. The financial burden of providing ongoing care and support can be overwhelming. In many cases, families need to make significant adjustments to their lifestyles and budgets to accommodate these new responsibilities.
Recognizing these long-term financial effects is important in planning for the future and ensuring the best possible quality of life for TBI survivors.