Long term care planning may be important for you and your family. Many Pennsylvania residents make the smart move of planning for the future, which, in most cases, means serious financial planning and estate planning. However, there may be one aspect of retirement or growing older about which some people have not thought — the potential need for long term care.
Even if some people have thought about the possibility that they may need long term care, many have not thought about a plan of paying for long term care. Relying on your savings account, home equity or retirement funds may not be enough. For those who may not have the means for paying directly for long term care, Medicaid/Medical Assistance planning might be an option to consider.
For every person considering long term care planning, his or her situation is unique. Therefore, the options for paying for long term care will be unique as well. To top it all off, there are many different “myths” out there that could make some Pennsylvania residents believe that they will need to shoulder the burden of these costs on their own.
At our law firm, we do our best to help our clients navigate the potential help that they could receive from Medicaid when it comes to long term care planning. Flexibility is oftentimes the key to crafting a plan that is right for each unique situation. For more information about how our law firm might be able to help when you are considering long term care planning, including Medicaid/Medical Assistance, please visit our website.