Long-Term Care & MN Long-Term Care Partnership

Long-Term Care

We can help you evaluate your situation to determine if long-term care insurance is right for you. Minnesota is one of the many states where you can exclude a certain amount of your estate from potential use for nursing care and still qualify for state assistance. See Minnesota Long-Term Care Partnership.

Minnesota Long-Term Care Partnership

The Minnesota Long-Term Care Partnership is a public/private arrangement between long-term care insurers and Minnesota’s Medical Assistance program. It enables Minnesota residents who purchase certain long-term care insurance to have more of their assets protected if they later need the state to help pay for their long-term care. Minnesota is using this approach to give people greater control over how they finance their long-term care and to help shore up the public safety net against coming demographic pressures.

Contact Us for More Info

Richard W. Ramsay

CPA, PFS 

Financial Newsletter Sign-up

Receive important business news, tax tips and related updates delivered straight to your email inbox.

Important Consumer Information

This site is for informational purposes only and is not intended to be a solicitation or offering of any security and:


  • Representatives of a Registered Broker-Dealer (“BD”) or Registered Investment Advisor (“IA”) may only conduct business in a state if the representatives and the BD or IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, that state; or (b) are excluded or exempted from that state’s registration requirements.


  • Representatives of a BD or IA are deemed to conduct business in a state to the extent that they would provide individualized responses to investor inquiries that involve (a) effecting, or attempting to effect, transactions in securities; or (b) rendering personalized investment advice for compensation.

Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Ramsay Wealth Management and JWC/JWCA are unaffiliated entities.

For more information please contact Rich Ramsay at Rich@RamsayWealth.com

Schedule a Consultation today!

TESTIMONIALS

What Our Clients Are Saying

"Very impressed with initial consultation - Brady's depth of knowledge, asking the right questions, very professional and yet friendly, the kind of person you want on your side. Highly recommend Ramsay and Associates."

Jeff Vesel

BLOG POSTS

Recent News & Tips

Different-Types-of-Donations-Impact-Tax-Deductions

Different Types of Donations Impact Tax Deductions

By Brady Ramsay • October 6, 2026
Are you making charitable donations between now and year end? If so, it’s important to know how different types of donations impact tax deductions.
Don’t-Let-the-IRS-Treat-Your-Side-Gig-as-a-Hobby

Don’t Let the IRS Treat Your Side Gig as a Hobby

By Brady Ramsay • September 8, 2026
Whether the IRS considers your side gig a business or a hobby determines whether you can deduct related expenses. Let's take a closer look.
What’s-the-Meaning-of-That-Estate-Planning-Term

What’s the Meaning of That Estate Planning Term?

By Brady Ramsay • August 11, 2026
With a language all its own, estate planning can be overwhelming. We’ve outlined a glossary to help you understand the meaning of estate planning terms.