Ecumen Invites You to a Long-Term Care Financing Event on Aug. 13th

July 15, 2008
|In Our Blog
|By origineight

Drowning or Surfing in the Silver Tsunami-

It’s Up to Us

Presented by Ecumen, the Citizens League, Minnesota Chamber of Commerce and 2020 Conference (a bi-partisan group of 60 legislators)

On August 13th,

Learn about Nebraska’s New Long-Term Care Savings Plan

And Insights for Minnesota

What:

Nebraska State Treasurer Shane Osborn and Trent Fellers, Director of the Nebraska State Long-Term Care Savings Plan, will present a new option to help Nebraskans live the good life, longer. Ecumen CEO Kathryn Roberts will provide introductory remarks The Nebraska Long-Term Savings Plan is the country’s first to offer tax incentives for people to save and pay for future long-term care expenses, personally direct savings on choices from technology to home services to insurance and more, and transfer unused benefits to beneficiaries.

When:

Wed., August 13, 2008

7:30 a.m. registration/light breakfast,

8 a.m. – 9 a.m. presentation/Q&A

Where & Registration:

The Wilder Foundation, 451 Lexington Parkway North (near I-94), Saint Paul, 55104 (free parking)The Event is Free, But Pre-Registration is Required by Aug. 6th:Register online at www.citizensleague.org, look for ‘Silver Tsunami’ under ‘Upcoming Events, or call Catherine Wood at 651-293-0575, ext. 10.

Why Do We Need New Solutions?

– How we currently finance aging services in Minnesota is unsustainable, especially as people desire new and different options for care.

– Minnesota spent nearly $600 million in public funds last year for long-term care: In 2007, 68.8 percent of public care funds for seniors in Minnesota were spent on nursing home care, and 31.2 percent of funds were spent on community services (MN Dept. of Human Services).

– We could spend $20 billion in total state and federal dollars in Minnesota on long-term care by 2050 … if the status quo remains (MN Transform 2010 Report).