Overcome the Challenges of Paying for Long-Term Care

Having an Elder Law Attorney Can Help In Paying for Long Term Care!

Paying for long-term care for yourself or your loved-ones can be costly, sometimes over $10,000 a month, but getting help from a talented elder law attorney in Minnesota can help you figure out how to cover those costs! In this brief video, Margaret goes over the likelihood that you or your loved ones will need long-term care in a nursing home or other facility, and how that cost can drain your savings quickly.

Thankfully, there are ways to get help that are made easier to navigate with a skilled elder law attorney at your side! With the help of Safe Harbor Estate Law, complicated government programs are made more easily accessible and the burden of paying for long-term care can be eased.

For more information, Contact us today!

What You’ll Learn FROM THIS VIDEO

  • The average cost and duration of long-term care.
  • What government programs exist to help you afford care.
  • How an elder law attorney can help you secure funding for care for you or your loved ones.


Margaret Barrett: Are you worried about losing your life savings to the nursing home? Or maybe you’re worried about your parents, that they will get good care and they’ll have enough money to pay for it. I get it. I’ve been there. And it makes sense, because if you’re turning 65 today, there’s a 70% chance that you’ll need long-term care! So this is important, and I have 3 things that you need to know about paying for long-term care.

The first thing that you need to know is that it is shockingly expensive to pay for long-term care. It can easily cost up to 10,000 a month or more for one person! That’s a 120,000 a year! Since the average person is in care for at least 1 to 2 years, and some for more, it can obviously deplete your life savings pretty quickly.

The second thing that is important for you to know is both good news and bad news. The good news is, if you run out of money, there’s a government program to pay. It’s called Medicaid, not Medicare but Medicaid. The bad news is, Medicaid rules are very complicated and challenging to follow, and most people don’t know them. If you don’t follow the rules, they don’t pay, and yes, you can get kicked out of your nursing home or be a major burden on your kids.

The third important thing for you to know is all good. We can help you both follow those complicated Medicaid rules so the government pays for your care, and we can help you to protect your hard-earned money so you pay less. Legal help to plan for paying for long-term care can pay off big time!

Author Bio

Margaret Barrett is the Founder and Owner of Safe Harbor Estate Law, a Saint Paul, MN, estate planning law firm she founded in 2013. With almost 15 years of combined experience in litigation and Minnesota estate law, she is dedicated to representing clients in a wide range of estate law matters. Her practice areas include estate planning, asset protection, elder law, and more.

Margaret received her Juris Doctor from the William Mitchell College of Law and is a member of the Minnesota State Bar Association and the Ramsey County Bar Association.

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