LTC Insurance Planning

Since 2019, Garrett Wheeler has conducted quarterly webinars (“Truths and Myths of Long Term Care insurance”) for our island kupuna through St. Francis Healthcare Systems of Hawaii. But to be clear, the earlier one plans, the better. Adequate financial planning now can help prevent a lifetime of assets from falling short when you need them most. LTCi helps pay for the care you need when you can no longer take care of yourself. For many kamaaina, LTCi helps to preserve their dignity, and offer independence, allowing them to remain in their hale’s while receiving the quality and level of care they require. Oftentimes, it helps protect their family’s financial future and future legacy. To be sure, when planning for long-term healthcare needs, it’s truly important to keep in mind these ‘myths’:

  • Myth No. 1: Medicare pays for long-term care The fact is traditional Medicare does not pay for long-term care. Medicare is not nursing home insurance and does not cover long-term care. Private medical insurance or Medicare supplement plans do not cover maintenance care.
  • Myth No. 2: Most elderly people receive long-term care in nursing homes. The reality is that 14 million adults in the United States need long-term supports and services, according to AARP. 85 percent live in their own.

Long-term care insurance can help manage healthcare costs and reduce the impact of inflation, while helping to ensure your healthcare needs, and those of loved ones, are covered well into the future.

Please Note: The scope of any financial planning and consulting services to be provided depends upon your specific requests and needs. At TWG, we are client-focused. TWG does not serve as an attorney, accountant, or insurance agent; we are comprehensive, fee-based financial planners. TWG does not prepare legal documents or tax returns. Let’s get started.

Call (808)216-4147 or email: mgarrettwheeler@gmail.com