LTCi Underwriting Update for October 2017

In an effort to increase customer satisfaction with a Long-Term Care policy issued by Mutual of Omaha and align ourselves with other Mutual of Omaha Underwriting Departments, we plan to implement a new process effective October 1, 2017. Effective October 1, 2017, when a case has been approved, other than applied (except for a better rate), underwriting will reach out to the producer via email and inquire whether the producer will be able to place the policy with the rate and benefit changes (if any) proposed by underwriting. Underwriting will hold the policy for 14 calendar days for the producer
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

United Security: E-Apps Released in Additional States

Great news! We have released our e-apps in additional states. The e-apps are offered only with our LifeStyle Solutions and LifeStyle Solutions Select insurance plans and are now available in the following states: Arizona Colorado Georgia Illinois Indiana Louisiana Oklahoma Pennsylvania Texas Stay tuned, as we continue to roll-out our e-apps in more states soon. Questions? Please contact United Security’s Marketing Team at 800-872-3044.   #goldencareagent #unitedsecurity >   Related: United Security Assurance: New Electronic Applications
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Categories: Long-Term Care and United Security.

“Census Bureau: Most seniors still own homes”

“Census Bureau: Most seniors still own homes,” by Lois A. Bowers, McKnight’s Senior Living “More than three-fourths (77.9%) of Americans aged 65 or more years live in owner-occupied housing, according to new data released Thursday by the U.S. Census Bureau. . . . The median home value was $192,400.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): It’s a good thing senior home ownership stays strong. They’ll need that equity when the bottom falls out of Medicaid LTC funding. Census Bureau: Most seniors still own homes #goldencareagent
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Categories: Industry News and Long-Term Care.

“Experts, lawmakers ponder impact of 8 residents’ deaths on SNF sector; facility loses Medicaid funding”

“Experts, lawmakers ponder impact of 8 residents’ deaths on SNF sector; facility loses Medicaid funding,” by Emily Mongan, McKnight’s LTC News “The Florida nursing home where eight residents died in the wake of Hurricane Irma has now been cut from the Medicaid program, as questions continue to swirl about the incident’s effect on emergency preparedness and the skilled nursing sector overall.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Here’s a plan: pay a nursing home less than the cost of care for most of its residents. Then take away even that funding when something goes
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Categories: Industry News and Long-Term Care.

“Pay Attention to the Small Details When Dealing with Long-Term Care Insurers”

“Pay Attention to the Small Details When Dealing with Long-Term Care Insurers,” ElderLawAnswers “A long-term care insurance company recently cancelled the insurance coverage of an elderly woman who accidentally wrote the wrong amount on her premium check. The case illustrates the need for policyholders to pay attention to the details. . . . Ms. Maldonado’s daughter appealed to the company to accept a late payment, but the company refused. Her mother now has dementia and no long-term care coverage. . . . Article Last Modified: 09/15/2017.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Actually, AIG
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Categories: Industry News and Long-Term Care.

Quick Tip: Quoting with MutualCare® Solutions Software

Scenario: You’re working with clients interested in long-term care insurance. You are about to present a MutualCare® Custom Solution quote you feel would be affordable for the couple, with a plan design customized for their needs. How can you be sure your quote reflects current and correct premiums? If running quotes with the MutualCare® Solutions software, there’s no more second-guessing! The software shows you whether you’re using the latest version!   Did You Know? When updates to the MutualCare® Solutions software become available, the yellow notification button (below) will appear in the far upper right corner of your open software.
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Categories: GoldenCare News, Long-Term Care, and Mutual of Omaha (& Affiliates).

(Legacy) Rate Adjustments Effective December 1, 2017 – PA

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective December 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50 & NH50 Pennsylvania     For a complete
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Long-Term Care Insurance Home Health Care Benefits

Many people equate long-term care with a nursing home. Since that is a place your clients may not want to go, they may think they don’t need long-term care insurance. Here is how you can show them how a Mutual of Omaha LTCi policy can help them get care in their own homes. Home health care benefits are built in to our LTCi policies. These benefits will help your client stay at home for as long as possible if the need for long-term care services arises. Included in home health care benefits are: Personal care service to assist with the
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

NGL – EssentialLTC News

The EssentialLTC Agent Guide has been updated – make sure to download the current version. The Agent Guide contains important information pertaining to the EssentialLTC product, including the Underwriting and New Business Process, Agent Appointment and Commissions, 1035 Exchanges, and HIPAA Privacy and Security. EssentialLTC social media sites are now live!   #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.

“SNF occupancy continues to hit new lows, NIC report shows”

“SNF occupancy continues to hit new lows, NIC report shows,” by Emily Mongan, McKnight’s LTC News “Skilled nursing facility occupancy dropped to 81.7% — its lowest point in five years — in the second quarter of 2017, according to a report released Thursday by the National Investment Center for Seniors Housing & Care. . . . Medicaid mix, on the other hand, increased to nearly peak levels, at 65.9%, the report found.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Can Medicaid save nursing homes while paying less than the cost of care? When you’re losing
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Categories: Industry News and Long-Term Care.