E2560 - Medicaid and Long-Term Care Planning in Indiana: What Families Should Know Early

Episode Summary: 
In this episode of Protect What Matters, host Evan Mack and Indiana attorney Tim Murray dive into the complexities of Medicaid and long-term care planning. Tim, with over 35 years of experience, discusses common scenarios that bring families to consider Medicaid, such as early signs of dementia or Alzheimer's. He explains the critical differences between Medicaid and Medicare, emphasizing the importance of early planning to protect assets. Tim highlights the five-year look-back period and the potential pitfalls of do-it-yourself planning, sharing real-life examples of families facing financial challenges due to inadequate planning. Listeners will gain insights into p...