August 2020
An Education Minnesota ESI Member Benefit
Own Your Future Minnesota
How are you personally preparing for your long-term care needs?
In 2012, the State of Minnesota launched the Own Your Future Minnesota campaign as part of a national educational campaign of the U.S. Department of Health and Human Services that promotes personal preparation for long-term care. Since then, the campaign has continued to raise awareness as well as urge Minnesotans of the need to plan for their later years when they are likely to need long-term care.
From the Own Your Future website: Own Your Future is important to Minnesota! Between 2010 and 2030, Minnesotans over age 65 will grow by 107%. Those over 65 have a 70% chance of needing long-term care. In 2030, over 325,000 elderly will need services provided by Medicaid (medical assistance), if Medicaid had to serve all with insufficient income. This could cost $5 billion. Because of this enormous growth in the aging population, Medicaid will strain to provide support for all these individuals without additional resources.
Own Your Future Minnesota encourages people to have discussions, and be aware of options to pay for their long-term care. Some options include the use of personal savings, long-term care insurance (such as these offerings from Education Minnesota ESI Benefits), life insurance, annuities, and using one's home equity, including reverse mortgages. Additionally, they encourage people to discuss and plan their advance care, which refers to their legal documents.
The campaign has created the following resources:


  • Long-term care planning guide walks you through the key information you need to create your long-term care plan and begin to Own Your Future! It includes planning tools and places to put your notes, contacts and checklists. Use if for yourself, or family members.


It's never too early to start planning to Own Your Future, but if you put it off too long, you may have fewer choices, or have to create your plan amid a health crisis. Contact us today to discuss your options.
Have questions about what you read today or just looking for some long-term care planning advice? Please know, we are here whenever a need may arise.
Sponsored by Education Minnesota ESI in partnership with Educators Lifetime Solutions
You are receiving this message because you attended a prior Education Minnesota ESI workshop, where you indicated interest in long-term care insurance. EFS Advisors sponsored this workshop in conjunction with Education Minnesota ESI. You may unsubscribe by selecting the 'unsubscribe' link below at any time.