Hello! I am currently on my employer's health care plan, but am paying $480 per month. Since I don't make very much ($10.29 per hour), this amounts to approx. 27% of my gross pay. I am getting help from MNSURE in Minnesota to help with my premiums
and deductibles, BUT several months ago, I received a notice from MNSURE saying that because I am over 55, this financial assistance will be taken out of my estate after I die. So, this seems more like a home equity loan
that I'm using to pay premiums.
I can opt out of the program, but I really can't afford to pay so much on a monthly basis. There is a cheaper option for $420 per month, but then I cannot afford the deductibles.
I feel that I am forced to accept this arrangement because Minnesota will not offer me any other option, but I was hoping to leave my house (it is the family farmhouse) to my daughter and I would hate to see her either lose it or be saddled with a huge debt due to premiums.
I realize that when I die, I probably won't care about the house anymore, but I don't want the government to force me into this arrangement. I took out Long Term Care Insurance
when I was in my 40's and so it is quite reasonable. I did this to avoid my house being taken away for nursing home care and now I find myself having to deal with situation anyway.