Pennsylvania is a state with so much to offer – small towns, big cities, sports, culture, and more. Many communities in Pennsylvania are ideal places for older adults to settle down. Here’s why Pennsylvania is so great for retirement and what you need to know before moving there.

Reliable Healthcare System

A significant portion of Pennsylvania’s population is over the age of 65, at 17.8 percent.  The state offers a very reliable healthcare system to support that. Of course, you’ll find great hospitals in Philadelphia and Pittsburgh, but you can find amazing healthcare centers in some of the state’s smaller towns as well. For those that need advanced care or support, there are also plenty of highly-recognized retirement communities that offer various levels of support.

Amazing Tax Benefits

One of the biggest challenges as you get older is transitioning to living on a fixed income. Pennsylvania’s tax laws make it a great option for retirees. This is because virtually all forms of retirement income are tax-exempt, like Social Security, pensions, IRAs, 401(k)s, and more. This allows you to keep more of your money.

So Much To Do

It’s unlikely that you’ll get bored living in Pennsylvania – this state has something for everyone. There’s plenty of natural beauty, with rolling hills, beautiful fall foliage, and plenty of places to go hiking and mountain biking. If you prefer the cultural attractions of the city, don’t worry – many of Pennsylvania’s cities have world-renowned museums, restaurants, performing arts, festivals, and much more. If you live in the eastern part of the state, you’ll also be a short drive or train ride away from big cities like New York and Washington, DC.

Medicare in Pennsylvania

As an older adult, it’s extremely important to have a reliable health insurance plan. As with the rest of the country, most Pennsylvania residents over 65 and disabled residents can qualify for Medicare coverage. Original Medicare covers 80 percent of your healthcare costs. Part A covers inpatient hospital procedures, while Part B covers outpatient services.

You can also opt to add a Medigap plan, which covers most of your remaining healthcare costs. Pennsylvania ensures that Medigap plans are available to younger disabled adults who are on Medicare. Additionally, you can select a Part D plan for prescription drug coverage. Alternatively, you can choose a Medicare Advantage plan, which is a plan provided by a private insurer that may offer additional benefits. Medicare Advantage plans are popular in Pennsylvania, and over 43 percent of people on Medicare choose them.

With so many amazing benefits, Pennsylvania is a great place for older adults to retire. If you’re interested in learning more about your Medicare options in Pennsylvania, contact Time For 65’s licensed partnered agents today. Fill out this form or give us a call today to see how we can help.