Skip to Main Content (717) 697-3223
Harrisburg Medicaid Planning & Asset Protection Attorney

Harrisburg Medicaid Planning & Asset Protection Attorney

Schedule Consultation

Schedule a Confidential Consultation With a Top Harrisburg Medicaid Planning Lawyer

At Keystone Elder Law P.C., our Harrisburg Medicaid planning and asset protection lawyers are knowledgeable, reliable, and solutions-focused advocates for clients. If you have any questions about Medicaid planning or asset protection, we are here as a legal resource. Contact us today to set up your confidential initial consultation with an experienced Harrisburg estate planning attorney. 

Long-Term Care Costs are a Serious Threat to Your Assets

In Pennsylvania, the cost of long-term care—which is still rising—poses a major threat to personal assets. As we age, the likelihood of needing such care increases, but many are unprepared for the financial burden it brings. On average, the cost of a private room in a nursing home in Pennsylvania exceeds $100,000 per year. For many families, this expense can rapidly deplete savings and investments that have been accumulated over a lifetime. Without proper planning, you may find your hard-earned assets vulnerable. 

Medicaid Planning is About Protecting and Preserving Your Assets

There is a government program that helps to cover long-term care/nursing home care costs. However, that program is Medicaid, not Medicare. The distinction matters because Medicaid is a means-tested program. You do not automatically qualify for benefits based on your age. Instead, you must “spend down” your assets before you can qualify for long-term care through Medicaid. 

Medicaid planning is a crucial strategy for safeguarding your assets against the high costs of long-term care. It involves structuring your finances in a way that allows you to qualify for Medicaid—without being forced to spend down all of your hard-earned assets. Most often, this involves setting up a legally-compliant trust. 

Key Point: Medicaid has a Five-Year Lookback Rule

A critical aspect of Medicaid planning in Pennsylvania is the Five-Year Lookback Rule. Medicaid reviews all financial transactions made in the five years before a person applies for benefits. If it finds that assets were transferred below market value, it may impose a penalty period during which you are ineligible for Medicaid benefits. In other words, you generally need to set up a Medicaid trust at least five years before you need long-term care benefits. 

Why You Can Rely On Keystone Elder Law for Medicaid Planning and Asset Protection

Long-term care costs pose a significant threat to your family’s assets. A proactive, detail-focused Medicaid planning approach is key to asset protection. At Keystone Elder Law P.C., we help middle-class families in Pennsylvania protect their assets. Among other things, our Harrisburg estate planning attorneys will: 

  • Hear what you have to say and answer your asset protection questions.
  • Review your financial situation to ensure a full understanding of the risks you face.
  • Develop a Medicaid planning strategy to best protect your family from long-term care costs.  

Contact Our Harrisburg Medicaid Planning & Asset Protection Lawyer Today

At Keystone Elder Law P.C., our Harrisburg estate planning attorneys have deep experience providing Medicaid planning services. If you have any questions about asset protection, please do not hesitate to contact us today. Our firm provides Medicaid planning and asset protection services to clients in Harrisburg, Dauphin County, and throughout all of Central Pennsylvania.

Estate and Long-Term
Care Planning

register here for estate planning
Frequently asked question

Power of Attorney

Read More
Frequently asked question

For Medicaid

Read More

What an amazing team you have!!! Taking charge and getting things done, but also being so understanding and compassionate

all testimonials
Comprehensive Interdisciplinary Approach

Empowering Clients with Holistic Planning at
Keystone Elder Law

At Keystone Elder Law, we believe that the physical, social, legal, and financial considerations of our clients all intertwine. We utilize an interdisciplinary approach to evaluate each area, which allows for the creation of a plan that addresses the concerns of the individual as a whole as well as the family. To this end, our model of practice includes a Care Coordinator (usually a nurse or social worker), whose expertise complements our team of attorneys.

When the road of life is smooth, decisions about legal and financial matters are easy to push aside for “a rainy day.” Planning ahead, however, will allow for more options as you view the map of where you’ve been and where you want to go. Don’t let a crisis limit your choices or derail your plans.

(717) 697-3223