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  • Writer's pictureGrimm Realty Group

Paying for Senior Care in Minnesota

Updated: Oct 23, 2022

How Will I Pay For Senior Care?

There is a lot to understand when it comes to Senior Care. While it may be addressed as a whole, there are a plethora of options and services that reside within the term ‘Senior Care’. In looking for the right type of care, you need to understand the needs and services that are requested. Are you looking for a spot for your Senior to simply live an independent life and be surrounded by friends and help if needed, or are you in need of around-the-clock care and services? The answer to this question will help you tackle the question of cost. When looking into facilities it is important to understand what you are paying for as well as how. Depending on the state you reside in, there may be specific financial aid programs you may apply to. Otherwise, the more straightforward methods such as life insurance, long-term care insurance, home sale, and family assistance may be your best option. In looking at the price for care each month, it helps to understand all of the services that are offered within that pay. These costs include: food, medicine, activities, living space, any mobility accommodations, possible transportation, healthcare, and any specialized needs care.

Paying for Senior Care in Minnesota - Assisted Living Communities

Types of Senior Care

You are not simply paying for a babysitter, but in fact, an individual that has dedicated their lives to helping increase the quality of life for Seniors whose long-lived journey has started to catch up to them. Yes, you are paying for the care, but you are also paying for the peace of mind that your loved one is in hands that will take care of them and develop impactful relationships. Here are 4 options of Senior Care that are available:

1. Independent Living Communities

Allows Seniors 55+ to continue to live independently, but they are accompanied by both others and activities to keep life full and fun.

2. Assisted Living Communities

With a little extra help and assistance, Seniors are still able to live their lives as independently as they can.

3. Memory Care Communities

Specialize in Alzheimer's and Dementia. These facilities are able to continue the quality of life while still exploring interests and new hobbies.

4. Nursing Homes

Provide routine and assistance for Seniors who are unable to care for themselves in most capacities.

Estimated Costs of Assisted Living in Minnesota

When it comes to care, the amount you pay is in direct relation to the services and type of care you need. Respectfully, needing an Adult Day Care for a few hours a day will inherently cost more than needing around-the-clock bedside care.

1. Assisted Living / Memory Care

Assisted living and memory care costs approximately $5,600/ month.

2. Home Care

Depending on the services required, home care can cost from $3,000 to $6,700/ month.

3. Adult Day Care

Based upon the number of hours needed, Adult Day Care can range from $1,000 per month to $3,000 per month.

To Learn More, visit Paying For Senior Care where you can calculate the estimated costs of each type of Senior Care option in your area!

Financial Assistance for Minnesota Senior Care

While the cost of Senior Care may be more than what you had thought, there are some programs in place to help you:

  • Minnesota Essential Community Supports (ECS): A program designed to assist Seniors who are able to live in an independent living community.

  • MN Supplemental Assistance: Available for those who receive Supplemental Security Income (SSI) and may be available for those whose incomes are too high for SSI but meet the income limit.

  • Medicaid: A program for low-income Seniors. Benefits may vary.

Contact Grimm Realty Group for Senior Care Insights

When choosing a Senior Care option, take the time to speak with your doctors & financial advisor to see which is right for you or your loved ones. Each of these options comes with a variety of benefits & costs and we are happy to answer any questions you may have involving your housing needs. With the high costs of healthcare & retirement needs, planning your Senior Care options in advance can help to ease the burden when the time comes. Visit our other Senior Living blogs for more information!

Are you or a loved one considering your options for retirement or downsizing?

We are happy to answer any questions you may have about your options, add a comment below or give us a call at any time!

Additional Sources for Paying for Senior Care:

Paying for Senior Care: Assisted Living Facilities - An Overview

Paying for Senior Care: Minnesota Assisted Living & Home Care: Costs & Financial Assistance


Have a question about your home buying or selling options or the Real Estate market in general? You can schedule a Zoom Meeting with Grimm Realty Group to discuss your housing needs, lifestyles, & future goals!


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Grimm Realty Group Legal Disclaimer

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. Grimm & Associates may update this information periodically.

Grimm & Associates may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. All statistics & information are subject to change with market conditions.

Grimm & Associates is a MN-licensed real estate Broker and does not represent you as your agent unless a representation agreement is mutually signed.

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