Pennsylvania

7/24/2012

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Pennsylvania

Elderly living and senior care assistance in the state of Pennsylvania is strongly distinguisheded by dependence on the state Medicaid program. In 2007 alone, Medicaid paid out over 15 billion dollars for PA long term care services. In an attempt to relieve the ample cost burden, state officials announced a Pennsylvania long term care partnership program to counter state spending with the ever intensifying demand for PA long term care.

There are four defining components of the Pennsylvania long term care partnership program that insurance carriers must present in order to sell partnership insurance plans. The first is inflation protection, which is meant to protect policy holders from raising premiums as the expenditure of PA long term care progressively climbs. The second feature is dollar for dollar asset protection, wherein the policy holder assets and the benefits they are given are equal counterparts. The third attribute is that Pennsylvania long term care partnership policies must be tax qualified, which permits the policy holder to deduct a portion of the premium paid out from their tax statement. Last but not least is the comprehensive coverage component, which offers many different types of care. Comprehensive coverage includes 24/7 aid, daily or intermediate assistance, custodial care (i.e. personal needs), or home care.

Senior citizens in Pennsylvania encompass approx. 15 % of the state's overall population. More than 80 % of these senior citizens live in metropolitan cities and surrounding regions.

Pennsylvania long term care brokers and counselors are readily available to meet you in all areas of the state such as Philadelphia, PA and Pittsburgh, PA

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