When the time comes for yourself or a loved one, who needs extra care, to enter a nursing facility there are many decisions to be made, one of the biggest is how to pay for the cost of care. Nursing homes and other skilled care facilities in Minnesota are estimated to cost around $5,000 to $7,000 per month!
The state offers aid to those in need through Medical Assistance but there are strict income guidelines and asset guidelines that must be met in order to qualify. So, its only after you've spent nearly everything you have, leaving you with nothing to supplement your care or give to your children or other dependents when you are gone, that you can qualify for help.
There used to be an easy way around medical assistance guidelines, you could gift all your assets away to children etc. but the rules have changed. Now, everything you gift away counts against you and makes you ineligible to receive assistance for a certain number of months, depending on the amount that was gifted.
We can help you navigate the complex web of rules and regulations, and show you how to preserve many of your assets so that you have something left to supplement your care and something to pass on to your loved ones.
If you come to us for help before applying for Medical Assistance we can coach you through the process of applying and tell you what it will take to get your case approved while still preserving as many of your assets as possible.
We will act as an authorized representative on your case, which means we deal with all the applications, paperwork, phone calls, and hassle that come along with applying for help. This way you and/or your loved ones can relax and get the care that is necessary.