Update BCBS of Florida Rate Increase Action

We are currently in the process of raising rates on all BCBS of Florida Long Term Care insurance policies. This notice is to inform you that we have received rate approval from the Florida Office of Insurance Regulation and are implementing the rate increase activity in this state. The approved rate increase is age-banded with a 25% increase for insureds with issue ages less than 51 with the increase decreasing linearly to 0% for issue age 80 and over. Commissions will not be paid on the increased premium. A notification letter describing the premium rate increase will be mailed to
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Categories: Long-Term Care and MedAmerica.

MedAmerica to Cease Email Communications

Effective immediately, MedAmerica will no longer distribute agent communications via email. Given our change in strategy, we have determined that the resource required to maintain an email system and database is significantly greater than the demand for this form of communication. Going forward, agent communications will continue to be posted via the agent portal on the MedAmerica website. We recommend you login to the website at least monthly to check for important news and review your commission statements. If you have any questions about this change in policy, please contact MedAmerica Agent Services at 800.724.1582. MedAmerica to Cease Email Communications
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Categories: Industry News and MedAmerica.

Update: CareDirections Simplicity® Rate Increase Action Implementation In KY

As you are aware, MedAmerica is currently in the process of raising rates on the CareDirections Simplicity® product line. This rate action does not affect Simplicity ii. This notice is to inform agents that they are implementing rate increase activity in Kentucky, and are implementing the rate increase activity in that state. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on November 4, 2016. Following the state required notification timeframe, the new premium amount will be effective as of the insured’s next billing date. For
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Categories: Long-Term Care and MedAmerica.

Update: CareDirections Simplicity® Rate Increase Action Implementation In CT

As you are aware, MedAmerica is currently in the process of raising rates on the CareDirections Simplicity® product line. This rate action does not affect Simplicity ii. This notice is to inform agents that they are implementing rate increase activity in Connecticut, and are implementing the rate increase activity in that state. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on October 31, 2016. Following the state required notification timeframe, the new premium amount will be effective as of the insured’s next billing date. For
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Categories: Long-Term Care and MedAmerica.

Update: CareDirections Simplicity® Rate Increase Action Implementation In GA & PA

As you are aware, MedAmerica is currently in the process of raising rates on the CareDirections Simplicity® product line. This rate action does not affect Simplicity ii. This notice is to inform agents that they are implementing rate increase activity in Georgia and Pennsylvania, and are implementing the rate increase activity in those states. The rate increase applies to Simplicity products branded under MedAmerica, as well as Highmark Blue Cross and Highmark Blue Cross Blue Shield. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on
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Categories: Long-Term Care and MedAmerica.

Update: CareDirections Simplicity® Rate Increase Action Implementation In MN & OH

As you are aware, MedAmerica is currently in the process of raising rates on the CareDirections Simplicity® product line. This rate action does not affect Simplicity ii. This notice is to inform agents that they are implementing rate increase activity in Minnesota and Ohio, and are implementing the rate increase activity in those states. Please note that the rate increase implementation in Minnesota will be conducted over a four-year period. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on July 20, 2016. Following the state
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Categories: Long-Term Care and MedAmerica.

MedAmerica Announces Changes to Assignment of Compensation Policy

Effective immediately, MedAmerica will no longer honor requests for assignment of compensation. This policy applies to all commissions paid on MedAmerica business, as well as for any business MedAmerica has assumed, or for which MedAmerica acts as a third party administrator. Any assignment of compensation agreements already in place will continue without interruption. If you have any questions about this change in policy, please contact MedAmerica Agent Services at 800.724.1582. MedAmerica Announces Changes to Assignment of Compensation Policy #goldencareagent #MedAmerica
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Categories: Long-Term Care and MedAmerica.

Update: CareDirections Simplicity® Rate Increase Action Implementation In AK, SC & TN

As you are aware, MedAmerica is currently in the process of raising rates on the CareDirections Simplicity® product line. This rate action does not affect Simplicity ii. This notice is to inform agents that they are implementing rate increase activity in Alaska, South Carolina and Tennessee, and are implementing the rate increase activity in these states. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on June 16, 2016. Following the state required notification timeframe, the new premium amount will be effective as of the insured’s
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Categories: Long-Term Care and MedAmerica.

GoldenCare Newsletter, May 23, 2016

In this Newsletter Edition John Hancock Compliance update for CA, FL and MT Industry News: We have several announcements from Mutual of Omaha including rate adjustments, Priority Income Protection Electronic Application Training Video, Cost of Waiting key points, client brochure and prospecting postcard.     Be sure to catch GTL’s Short Term Care Video! Important announcements from MedAmerica, Transamerica, LifeSecure, Genworth.    Get the latest Med Supp news and more! Enjoy our Guest Article, “The Retirement Cost That 80% of Americans Aren’t Ready For” by Beth Braverman of the Fiscal Times. Don’t forget to join us for one of our new webinars
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Long-Term Care, MedAmerica, and Mutual of Omaha (& Affiliates).

Update: Simplicity ii Rate Increase Action In Minnesota

As you are aware, MedAmerica is currently in the process of raising rates on the Simplicity ii product line. This rate action does not affect CareDirections Simplicity®. This notice is to inform agents that they have received rate approval from Minnesota and are implementing the rate increase activity in this state. This is the only notification agents will receive regarding this rate action. MedAmerica will mail notification of the rate increase to affected insureds on May 27, 2016. The new premium amount will be effective as of the insured’s next billing date, following the state required notification timeframe. Click below
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Categories: Long-Term Care and MedAmerica.