Medical Assistance / Nursing Home Planning
Assisted living facilities and nursing homes can easily cost between $4,500-$7,500 per month, and many people have a difficult time paying for care over a long period of time. The state of Minnesota, through its Medicaid program, called Medical Assistance, does not cover the cost of care until you have spent nearly everything you have, leaving your spouse or others who are dependent upon you scrambling financially.
With some advance planning, we can help you plan this reduction of your assets so that it creates the best possible outcome for everyone. There are ways to structure your assets so that you are still eligible for help with assisted living and nursing home costs.
For those who have no immediate crisis, we can help craft and implement a long-term care plan to help you preserve your assets.
For those of you who have a loved one facing an immediate crisis, we can guide you through every step of the process of applying for Medical Assistance. Let us take the burden off your shoulders so that you can focus on taking care of your loved one.