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Washington group to hear about Minnesota long-term care financing work

Minnesota’s Loren Colman, assistant commissioner for the Minnesota Department of Human Services Continuing Care Administration, will speak on Minnesota’s long-term care financing reform effort at a meeting of the Long Term Care Discussion Group Nov. 6 in Washington, D.C. 

As part of the Own Your Future initiative, stakeholder groups have met to consider a wide variety of approaches for changing the way long-term care is financed. These include changes to private insurance, private insurance hybrids, long-term care insurance with Medicare Advantage plans, government programs and plans that draw on home equity.

The Long Term Care Discussion Group is a voluntary, independent group that meets to educate policy makers on all facets of long-term care.

Financing options report released

A subgroup of the Own Your Future Advisory Panel recently completed the report “Financing Options to Help Minnesotans Pay for Long-Term Care.” The report lists overarching recommendations on how to help middle-income households pay for long-term care costs and how to promote greater use of existing financing products as well as strategies to encourage new approaches to the financing of long-term care.

Own Your Future Planning Guide available

TOwn Your Future Long-Term Care Planning Guidehe Own Your Future Long-Term Care Planning Guide (PDF) walks you through the key information you need to create your own long-term care plan and begin to Own Your Future! It includes some of the same information as this website but with more planning tools and places to put your notes, contacts and checklists. Order some copies to give to family members and friends.

To order one or more copies, email ownyourfuture@state.mn.us. Provide a mailing address for us to send you the guide and tell us how many copies you would like to receive.


Upcoming Own Your Future events

Healthy Living Expo
Own Your Future booth 
Oct. 18-19, 2014
Minneapolis Convention Center
Minneapolis, MN

It’s Your Future: Own It!
Presentation at Conference of the Financial Planning Association
Oct. 20, 2014
Minneapolis Convention Center
Minneapolis, MN

Quarterly meeting of the Own Your Future advisory panel
Nov. 17, 2014
10 a.m. to noon
Room 200, State Office Building
St. Paul, MN 



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