Long Term Care Insurance Association Suggests New Thanksgiving Tradition,” by Jesse Slome, PR.com

“Put your smartphone to use this Thanksgiving by recording interviews with aging parents and grandparents suggests the head of the national long term care insurance trade group. Then post and preserve the recordings for posterity in the Library of Congress.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Another creative idea from the AALTCI to keep people thinking about elders, their stories, and their needs. Long Term Care Insurance Association Suggests New Thanksgiving Tradition #goldencareagent
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Categories: Industry News.

2016 Medicare Parts A & B Premiums and Deductibles Announced

“[Tuesday, November 10, 2015], the Centers for Medicare & Medicaid Services (CMS) announced the 2016 premiums and deductibles for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs.” Click the link below for the full announcement, including the 2016 premiums and deductibles. 2016 Medicare Parts A & B Premiums and Deductibles Announced #goldencareagent
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Categories: Industry News and Medicare Supp./Adv..

“3 types of insurance that can protect your family for years to come,” by Kathleen Elkins, Business Insiders

“While insurance policies are largely personal, and your coverage will evolve along with your life, there are three important types for all families to consider: disability, life, and long-term care insurance. … Unlike disability and life insurance, you’ll never stop needing long-term insurance.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Even more to the point, when you stop needing disability and life insurance is exactly the time you most need LTCI. 3 types of insurance that can protect your family for years to come #goldencareagent
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Categories: Disability Income Insurance, Industry News, Life Insurance, and Long-Term Care.

Driving Consumer Awareness and Interest

Many of your clients may rely on false notions when it comes to long-term care. It can be easier to think that other insurance will cover long-term care expenses or that government programs will pay the bills. Or, that they can pay out of pocket if care is ever needed. A great way to help your clients start thinking about long-term care is to provide them with the facts. “The ACTUAL cost of private nursing home care averages $94,200 annually2, according to a John Hancock Cost of Care Study.” Our Long-Term Care Quiz can help. It poses some basic questions
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Categories: Industry News, John Hancock, and Long-Term Care.

“Retirement: How to Live Well,” by Reshma Kapadia, Wall Street Journal

Retirement: How to Live Well: Few people want to leave their home as they grow older. Smart planning about health care can make all the difference. “It may be the most dreaded family talk after the one about the birds and the bees. It certainly gets scant mention in the retirement ads featuring a happy couple strolling along a beach. But long-term care is the elephant in the room that can upend an otherwise meticulously crafted retirement plan.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Good, long article in Barron’s, an excellent national outlet for
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Categories: Industry News.

GoldenCare Newsletter, November 9, 2015

 In this Edition: Along with important Carrier updates, we have gathered several tips and tools, articles and fliers to help you start the conversation with your clients during November’s Long-Term Care Awareness Month. We have a special Guest Article from ElderLawAnswers on IRS premium deductibility limits for 2016 and much more! With the holidays approaching, don’t forget to check the included holiday telephone solicitation bans for your area. Full GoldenCare Newsletter, November 9, 2015 Edition #goldencareagent
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Categories: GoldenCare News and Industry News.

Making the most of your opportunities

John Hancock has been conducting long-term care surveys since 1996 to better understand how consumers view the issues surrounding long-term care and how they plan to manage a long-term care situation if it ever happens to them. Our 2015 survey focuses on Baby Boomers, many of whom are already retired or are starting to think about it. “The majority of these respondents do not yet have a formal plan in place. This represents a tremendous opportunity.” Our 2015 Long-Term Care Survey will provide you with the insights you need to effectively communicate the value of long-term care insurance as a
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Categories: Industry News, John Hancock, and Long-Term Care.

You don’t need an excuse to talk about long term care with clients.

But you might need some help. Long term care (LTC) can be expensive — whether at home or in a facility — and it could have a major impact on your clients’ finances. So, as their financial professional, you have every reason to bring it up. And since November is Long Term Care Awareness Month, Genworth would like to provide a little extra help for those conversations. They’ve assembled an updated collection of thought-provoking materials ready for you to use: Dispel the Myths about Long Term Care; Exposes 15 misperceptions that could be getting in your way Genworth 2015 Cost
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Categories: Genworth, Industry News, and Long-Term Care.