“Why Home Care Costs Too Much”

“Why Home Care Costs Too Much,” by Paul Osterman, Wall Street Journal “There are two million home health aides in the U.S. They spend more time with the elderly and disabled than anyone else, and their skills are essential to their clients’ quality of life. Yet these aides are poorly trained, and their national median wage is only a smidgen more than $10 an hour. The reason? State regulations—in particular, Nurse Practice Acts—require registered nurses to perform even routine home-care tasks like administering eyedrops.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Over-regulation is a problem,
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Categories: Industry News and Long-Term Care.

Good News | Recent Underwriting Changes Result In Shorter LTCi Cycle Times

  Recent LTCi Underwriting Changes Account For Shorter Turnaround Times Changes to Mutual of Omaha’s LTC Underwriting Guidelines took effect 8/14/2017, and we’re pleased we’re already seeing positive results! Each underwriting piece is reviewed as it is received, often allowing fewer underwriting requirements to result in a decision. The recent changes have resulted in turnaround times averaging 14 days  for clients 60 and younger, as medical records are not required for every case. Shorter turnaround times mean you get paid faster! Questions? Call our Marketing Team at 800-842-7799!   Read Full Good News Article #goldencareagent #underwriting
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Categories: GoldenCare News, Guarantee Trust Life, and Industry News.

CareOptions Takes the GOLD in Workplace Solutions

CareOptions Workplace Solutions Wins the GOLD in the 26th Annual National Mature Media Awards for 2017 August 2017 GOLD Award, Workplace Solutions – Best Caregiving – Click here for details Category — Online/Digital Resource GOLD – CareOptions Workplace Solutions – Caregiving Resources Hundreds of state and national organizations enter the National Mature Media Awards competition every year. Recent Gold & Silver winners have included: AARP, Area Agencies on Aging, Arthritis Foundation, Bluespire Senior Living, Hospitals and Health Systems, Mayo Clinic, Medicare Health Plans, Staywell and UnitedHealthcare. The entries were judged by a distinguished panel of experts from across the United
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Categories: GoldenCare News and Industry News.

“James Glickman to Lead Society of Actuaries”

“James Glickman to Lead Society of Actuaries,” by Allison Bell, ThinkAdvisor “Members of the Society of Actuaries have picked James Glickman to be the group’s 2017-2018 president-elect. Glickman is the president of LifeCare Assurance Company, a Woodland Hills, California-based long-term care insurance reinsurer.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Congratulations to Jim Glickman. The Center for Long-Term Care Reform endorsed him for this position. Jim’s dedication to long-term care financing, his professional experience as a long-term care insurance pioneer, and his leadership of the Inter-Company Long-Term Care Insurance Conference distinguish him and prepared him
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Categories: Industry News and Long-Term Care.

Transamerica Product Update: TOP and TOP Plus programs

TOP and TOP Plus programs will no longer be available for sale effective September 23, 2017 At Transamerica, we continue to seek ways to improve our services, offerings, and processes. We’re streamlining our product line to focus on the products you’ve told us are the most important. TOP and TOP Plus programs will no longer be available for sale effective September 23, 2017. All applications must be received in the home office prior to 4:00 PM ET on Friday, September 22, 2017, to be processed. We appreciate our continued relationship and value your input and support as we develop new
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Categories: Industry News, Life Insurance, and Transamerica.

“Three Ways to Protect your Assets from Nursing Home Costs”

“Three Ways to Protect your Assets from Nursing Home Costs,” by Elizabeth White, Marshall, Parker & Weber, LLC “Medicaid eligibility rules do not count certain assets such as a home, one vehicle, and personal effects. Therefore, in appropriate cases a community spouse might take money from countable savings to buy a more expensive home; repair or improve an existing home; or buy a new car, new household furnishings, or personal effects. Medicaid rules do not restrict spending countable assets on non-countable ones of equivalent value. Money spent on non-countable assets needed for the community spouse’s use can accelerate Medicaid qualification.”
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Categories: Industry News and Long-Term Care.

“Ending Alzheimer’s by Crowdsourcing Innovations”

Ending Alzheimer’s by Crowdsourcing Innovations Washington, DC/ San Francisco, CA/ (September 7, 2017) – Frustrated by the absence of public urgency and funding to stop Alzheimer’s—and the slow pace of science—a world-class team of scientists and advocates are joining forces to globally crowdsource a new 21st century approach to leapfrog scientific progress and overcome many of the obstacles to stopping this horrific disease. The call to discover breakthrough new technologies for brain health is intended to activate interest from a broad spectrum of expert and lay innovators worldwide—from fields as wide-ranging as artificial intelligence, bio-technology, precision pharmaceuticals, physics, video games
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Categories: Industry News and Long-Term Care.

“Report: Nearly 20% of SNF nursing assistants live below poverty line”

“Report: Nearly 20% of SNF nursing assistants live below poverty line,” by Emily Mongan, McKnight’s LTC News “Close to 20% of nursing home assistants are living below the federal poverty line, a result of low wages and part-time positions, according to a new report. The Paraprofessional Healthcare Institute report noted wages for these workers had ‘barely kept up with inflation’ over the past decade. The average hourly wage for a direct care worker was $12.34 in 2016, compared to $12.35 in 2006, the report found. Comparatively, 7% of workers across all industries live below the poverty line, the PHI data
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Categories: Industry News and Long-Term Care.

GoldenCare Newsletter | September 11, 2017

In this GoldenCare Newsletter Edition From GoldenCare: See our full list of hot training topics and register for an event today! Preparing for AEP? Don’t miss special Medicare Supplement training with Alicia Hanson from Mutual of Omaha, Thurs, Sept 14, 2017 2:00 PM  to  2:45 PM CDT Our Guest Article in this edition is “Americans’ likelihood of requiring SNF care ‘substantially’ higher than thought, study finds,” by Emily Mongan, McKnight’s LTC News. Enjoy! Industry Updates: We have several announcements: From Mutual of Omaha: Are You Filling Gaps in Coverage? Flexible Payment Options Now Available. Credit Card Payment Options are Now
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Minnesota Life, Mutual of Omaha (& Affiliates), National Guardian Life, and Transamerica.

Medicare Supplement News – Omaha Family of Companies

One Company/One State – MI, MO, NC and SC Please remind your sales teams that effective October 1, 2017 only Medicare supplement in Michigan, North Carolina and South Carolina underwritten by United World and Missouri underwritten by Omaha Insurance Company will be available for new business and conversions through individual agents. Only United World Medicare supplement applications in Michigan, North Carolina and South Carolina and only Omaha Insurance Company Medicare Supplement applications in Missouri dated on or after the effective date will be accepted for new business. Upcoming Rate Adjustments Please view the upcoming rate adjustments in KS and VT.
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).