Enter the total amount received from the medical injury ($) and the into the MICRA Fee Calculator. The calculator will evaluate the maximum MICRA (medical injury compensation reform act) Fee.
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MICRA Fee Formula
The following two example problems outline the steps and information needed to calculate the MICRA Fee.
MF = .40 * X + .33*X+ .25*X+ .15 * X
Variables:
- MF is the MICRA Fee ($)
- X is the total amount received from the medical injury ($)
How to Calculate MICRA Fee?
The following steps outline how to calculate the MICRA FEE.
- First, determine the total amount received from the medical injury ($).
- Next, gather the formula from above = MF = .40 * 50,000 + 33.33*50,000 + .25*500,000 + .15 * 600,000.
- Finally, calculate the MICRA FEE.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
total amount received from the medical injury ($) = 10,000
MF = .40 * 50,000 + 33.33*50,000 + .25*500,000 + .15 * 600,000 = ?
