How to Build a Long-Term Care Plan Before It's Too Late

GROWTH PILLAR: Health & Wellness WHO THIS IS FOR: SMB owners, HR leaders, solopreneurs, and families planning ahead WHAT THEY'LL GAIN: A clear picture of the odds and costs of long-term care, how a plan pays out, and how to start the conversation with family or staff. Most people think long-term care is something for later. It isn't. Wait for the diagnosis, and the coverage you needed may no longer be available. Most families wait for a health crisis to think about care. By then, the options are fewer and the costs are higher. Geoff Garfield of ACSIA Partners is a long-term care insurance specialist and a former Wall Street financial advisor. After his parents faced years of care with no plan, he saw how fast long term costs can drain savings and wear down a family caregiver. In this episode, he explains why long term care planning matters at every age. He covers who qualifies for benefits, what long term care insurance can cost, and how employers can offer it as a group benefit. He also shares U.S. numbers on caregiver support and care costs. This is for business owners, HR leaders, and families who want a plan before a health crisis forces rushed choices. Key topics covered • Why Geoff left Wall Street planning for long-term care insurance • U.S. caregiving numbers: 63 million adult caregivers • The odds of needing care compared with house fires and car accidents • How plans start paying: two of six daily activities, or cognitive decline • Why a cash plan pays you directly, tax free • The cost of waiting to buy coverage • Long-term care as a group benefit for employers • The YourCare360 planning tool Guest links • Geoff Garfield — ACSIA Partners • Geoff on LinkedIn • ACSIA Partners on LinkedIn • ACSIA Partners on Facebook • ACSIA Partners on YouTube Read the full write-up Supporting persons mentioned: none named in this conversation. Browse all episodes — PARTNERS ON THIS EPISODE — • Canada Growth Network — a business community with a full CRM suite and real referral connections, $47 CAD a month. • Notionhive — websites that are built to bring in clients, not just look good. • Gentry Learning — Fred Crouch's real estate education hub, with courses, listings, an Investor Club, and a free newsletter. Next Steps • Email: [email protected] • Join Canada Growth Network (a robust CRM platform) — $1 CAD first month, $47 CAD/month. Real tools. Real people. • Subscribe to the K4B blog • Search K4B episodes • Register as a K4B guest • CGN only: Attend the Monday Power Hour free • All streams: Past episodes (Ghost blog) Disclaimer: Everything you heard today is for educational purposes only. It's not professional advice. Before you act on anything — talk to a certified expert in your area. Your accountant. Your lawyer. Someone who knows your situation. We share perspectives. You make the decisions. Want more? Head over to blog.knack4business.com — packed with practical episodes on AI, marketing, leadership, and growth. No fluff. Just the good stuff. Subscribe while you're there. Until next time; keep building. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.