Inforce LTCi Rate Adjustments Effective June 1, 2024

Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective June 1, 2024. Impacted Forms Impacted States LTC04I Vermont LTC0417 Vermont LTC09M Vermont LTC06UI Vermont LTC09U Vermont LT50, NH50, HCA, HCAQ, LTA, LTAQ, NHA and NHAQ South Carolina   For details on yearly rate adjustment percentages, view the supplemental grid here.   Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

New Long-Term Care Insurance Application in New York

The New York MutualCare® Solutions application has been updated to reflect changes in the outline of coverage disclosure issued by the New York Department of Financial Services. This is to comply with Chapter 655 of the Laws of 2023. As of March 18, 2024, the new application is available via e-application and paper on Forms and Materials within Sales Professional Access.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com.   New Long-Term Care Insurance Application in New York   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Wellabe.com isn’t just for clients

Use Wellabe.com as a sales tool Wellabe.com has resources to help you communicate the importance of having supplemental health insurance and being well protected. Direct your clients to free checklists, such as the Best foods for seniors shopping list and the Fall prevention at home checklist, to help promote healthy living. Use What is Medicare? Learn the ABCs — and Part D with clients who are new to Medicare and need a little extra help understanding what the different parts mean. Cover the expected and unexpected with supplemental insurance breaks down the different types of supplemental insurance and helps clients
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Categories: Industry News, Short-Term Care, and Wellabe.

Upgraded Short-Term HHC | Now Available in Oregon!

NOW AVAILABLE IN OREGON! Innovative Support and Cash Benefits to Family Caregivers through GTL’s Short-Term Home Health Care product! The upgraded Short-Term Home Health Care product is now available in Oregon on GTL’s Agent Portal and available soon on the e-App! Guarantee Trust Life Insurance Company has enhanced our Short-Term Home Health Care product to also provide support and cash benefits for family caregivers provided by TCARE! That’s not all… Home Health Care Aide Benefits have increased: Plan A – $50 per day Plan B – $100 per day Plan C – $150 per day The maximum benefit period for
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Categories: Guarantee Trust Life, Industry News, and Short-Term Care.

AM Best Affirms Mutual of Omaha’s Financial Rating

AM Best Affirms Mutual of Omaha’s Financial Rating AM Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect Mutual of Omaha’s balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Mutual of Omaha’s favorable business profile is anchored by its diversification of products and our multiple distribution channels leading to our capitalization level being very strong and considered favorable relative to our peers. For more
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Categories: Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Mutual of Omaha Celebrating 115 Years

March 05, 2024 Today marks Mutual of Omaha’s 115th anniversary. On this day in 1909, Dr. C.C. Criss acquired the charter of Mutual Benefit Health and Accident Association, along with his wife, Mabel, and his brother, Neil. The Criss family had a vision to offer affordable, simplified insurance policies that helped protect policyholders from financial loss. They reached new customers who had previously been underserved by the insurance industry. And they backed their policies with superior customer service. Those same founding ideals remain hallmarks of our noble purpose today. The Criss family’s legacy has been carried on by tens of
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Categories: Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Not-To-Be-Missed Webinar Event: Thursday 3/28

Aetna’s Recovery Care STC product has been around for years, and it is among agents’ top picks. But with the rapidly expanding STC market, there are niches and competitive advantages with some of the newly-introduced programs that are worth considering! When is Recovery Care the go-to solution? When should you consider new STC plans like OmniFlex? Our team has done the research! Join us to learn where each of these STC plans shine, so you’ll easily be able to identify the best insurance solutions for every client situation! Click below to register: Competitive Advantages:  Aetna and OmniFlex Thurs, Mar 28,
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Categories: Aetna, GoldenCare News, Industry News, Manhattan Life, and OmniFlex.

Home Health Care Select is now available in Colorado, Illinois & Indiana

ManhattanLife is pleased to announce additional product availability for Home Health Care Select. As of Monday, March 25th, the Home Health Care Select plan became available in Colorado, Illinois & Indiana! All three states are now available for quoting and enrollment through the Agent Resource Center (ARC), on ManhattanDirect 2.0. The consumer brochure for use in CO, IL and IN is the generic HHC Select brochure – click here to view/download. Marketing materials are also available to download through ARC, via Downloads, Product Downloads, “Search by Product,” and choosing Home Health Care Select. Click below for the updated Home Health
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Categories: Industry News, Manhattan Life, and Short-Term Care.

Good News: Genworth’s 2023 Cost of Care Study Results Now Available

Genworth Releases Cost of Care Survey Results for 2023: Twenty Years of Tracking Long-Term Care Costs “The cost of long-term care services increased across all provider types and increased more substantially for certain settings, according to Genworth’s Cost of Care Survey 2023. The most substantial cost increases occurred in home health aide and homemaker services costs. Inflation and the shortage of skilled care workers are the core drivers of increases in the costs of care services” The latest Cost of Care Study Results are now available! Click here or to the left for Key Findings.   Visit https://www.genworth.com/coc now →
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Categories: GoldenCare News, Industry News, and Long-Term Care.

You’re Invited! Hiding in Plain Sight

Anyone in the Hybrid/Linked Benefit market understands the frustration of a declined case. It means the loss of a large sale, and the inability to meet two of your client’s insurance needs. What if the best solution to this scenario was right under your nose? Hiding in plain sight? Let us introduce you to a new concept that may open your eyes, save more sales, and still put commission dollars in your pocket. Attend to learn about the concept, and we’ll provide you with everything you need to get started!Click below to register: Hiding in Plain Sight – The Best
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Categories: GoldenCare News, Industry News, Manhattan Life, and OmniFlex.