Minnesota Aging Parent Package

State:
Minnesota
Control #:
MN-P017-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package is important for use in helping your aging parent organize their legal affairs as they begin to enter a later stage of life. It contains state-specific and multi-state documents that will help you in preparing your aging parent for and protecting your aging parent from events that may affect their health, finances and affairs after their death and are vital for your aging parent to maintain on file and safeguard in the event of an emergency or unforeseen life event.



The documents in this package include the following:



1) Last Will and Testament that suits your parent’s specific needs

2) Advance Health Care Directive(s)

3) General Power of Attorney effective immediately

4) Estate Planning Questionnaire and Worksheet

5) Financial Statement for an Individual

6) Personal Property Inventory sheet

7) Personal Planning Information and Document Inventory Worksheets

8) Agreement for Home Health Care by a Nursing Service


Purchase this package and save up to 40% over purchasing the forms separately!



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FAQ

Minnesota Medicaid's Elderly Waiver (EW) pays for home and community-based services for people aged 65 years or older who require the level of medical care provided in a nursing home, but choose to reside in the community. This includes those residing in adult foster care homes and assisted living residences.

As of 2020, according to Genworth's Cost of Care Survey 2019, the average monthly cost of assisted living in Minnesota is $3,800, which is under the nationwide average of $4,051 / month.

No, they aren't. As such, many seniors often end up paying all their money to the assisted living facility, especially if they live long enough in the facility.Additionally, the fact that many senior citizens think that an assisted living facility will take all their money is almost universally based on hearsay.

Medicare will pay for 100% of the cost of care up to 20 days at a skilled nursing facility and approximately 80% of the cost up to 80 more days. The care must be for recovery following an inpatient hospital stay. Medicare does not cover any cost of assisted living.

To receive compensation, the family member must undergo required training, become certified by the state and be employed by an agency. Minnesota law requires that the PCA be able to effectively communicate with the recipient and the agency and have the skills necessary to provide the required help to the recipient.

Minnesota Medicaid's Elderly Waiver (EW) pays for home and community-based services for people aged 65 years or older who require the level of medical care provided in a nursing home, but choose to reside in the community. This includes those residing in adult foster care homes and assisted living residences.

Elderly Waiver (EW): Program that funds home and community-based services for people age 65 and older who require the level of care provided in a nursing home and choose to live in the community.

In Minnesota, the average cost of care for a year is: $60,000 for an average of 44 hours per week of home care in your home. About $48,000 in an assisted living facility (this cost does not include services and additional fees). Over $90,000 for care in a nursing home.

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Minnesota Aging Parent Package