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Healthcare providers who choose to enroll in the PCF remain responsible for the first $100,000 of each claim. The PCF provides coverage for the second layer of $400,000 plus all related medical expenses. Enrollment in the PCF is required to participate in The Trust Funds.
5) Louisiana Patient Compensation Fund In Louisiana, private insurers cover the first $100,000 of a claim through a security deposit or private insurance, and the state fund covers the rest.
A prescription period serves as a legal time limit within which a patient or affected party must file a medical malpractice lawsuit. In Louisiana, generally, a lawsuit must be filed within one year of the date of the malpractice or the date the malpractice was discovered.
A patient compensation fund (PCF), as the name suggests, helps to ensure reasonable compensation for patients who have been injured due to medical negligence.
If a provider or practice renders services in a state that has a patient compensation fund (PCF), special care and consideration must be taken to ensure that coverage is adequate. Eight states have an active PCF: Indiana, Kansas, Louisiana, Nebraska, New Mexico, Pennsylvania, South Carolina and Wisconsin.