Pennsylvania Medicare Asset Protection: Using Irrevocable Trusts and Pre-Need Funeral Planning
Lin McLeod2025-02-12T20:13:36+00:00As individuals in Pennsylvania plan for retirement and future healthcare needs, protecting assets while ensuring financial security is a priority. While Medicare provides essential health coverage for seniors, it does not cover long-term care expenses such as nursing home stays beyond a limited period. Many turn to irrevocable trusts and pre-need funeral planning as strategic financial tools to safeguard assets and plan for future care costs. But what are the Medicare irrevocable trust rules in Pennsylvania? Here’s what you need to know.