The official average cost of one day of nursing home care in Pennsylvania (2025) is $399.80. This amounts to over $12,000 each month or close to $146,000 a year! And, to the surprise of many, Medicare and health insurance don’t pay for this. There are helpful financial products persons can buy when healthy and before
A Medicaid asset protection trust (MAPT) allows someone who requires long-term nursing home care to qualify for Medicaid benefits to pay for that care without first going broke. Medicaid is the only government program that pays for long-term care. Medicare and private health insurance don’t. Financial products such as long-term care insurance and life
According to the U.S. Department of Health and Human Services, 70% of people who reach age 65 will need some form of long-term care during their lives. “Long-term care” refers to those services and supports that might become necessary to perform everyday tasks and personal care needs. Everyday tasks, sometimes called “instrumental activities of daily
