“Long Term Care Insurance Tax Benefits 2016, ” by Aaron Skloff, Advisor Magazine

“Our LTCi Question of the Month is an important one for the worksite market: Can long term care insurance be offered as a company benefit to all or a limited number of our employees? If so, are there any tax advantages for employers or employees? Are there still tax advantages for individuals who purchase a policy on their own?” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Hopefully, more employers will take this article’s message to heart. Long Term Care Insurance Tax Benefits 2016 #goldencareagent
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Categories: Industry News and Long-Term Care.

“Long Term Care Insurance Payout Potential Equals $800 Billion Reports AALTCI, ” by Jesse Slome, AALTCI

“If every American who currently has long term care insurance protection utilized their coverage, the total value would be well in excess of $800 Billion advises the head of the American Association for Long-Term Care Insurance.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Real money!  Even though no one expects every policy holder to claim, the point to take away is that reserves are there to pay all legitimate claims.  The same cannot be said for the government’s “social insurance” programs. Long Term Care Insurance Payout Potential Equals $800 Billion Reports AALTCI #goldencareagent
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Categories: Industry News and Long-Term Care.

Coming Soon: A New Way to Offer DI

Imagine an entirely new way to offer disability income protection. Imagine a new approach that provides certainty, simplicity and value at the point of sale. No more guessing if your client qualifies, which forms to fill out, how long before the policy issues or when you’ll get paid. Imagine if the new way meant…      • No rate-ups or exclusions      • No participation requirements      • No occupation classes      • Quick issue Imagine income protection so easy, fast and affordable… it provides peace of mind to you as well as your client. It’s coming soon… Coming Soon: A New Way to Offer
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Categories: Disability Income Insurance and Mutual of Omaha (& Affiliates).

June Rate Adjustments

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 June 1, 2016: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Missouri LTC06UI Idaho, Nevada, Ohio, South Carolina
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

Medicare Supplement News – Omaha Family of Companies

Upcoming Rate Adjustments Rate adjustments on Modernized new and in-force in Mississippi; Modernized in-force only in Tennessee; and 1990 Standardized in Alabama, Michigan and South Dakota.       • 2010 Modernized (New and In-force)- Mississippi       • 2010 Modernized (In-force only)- Tennessee       • 1990 Standardized– Alabama, Michigan and South Dakota April Rate Release in Pennsylvania Rate adjustment effective April 1, 2016 in Pennsylvania. #goldencareagent
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Categories: Medicare Supp./Adv. and Mutual of Omaha (& Affiliates).

“NIC report: Occupancy down, managed Medicare use up in skilled nursing facilities,” by Mongan, McKnight’s LTC News

“The report, unveiled last week as part of the group’s Skilled Nursing Data Initiative, saw occupancy rates drop from just under 85% in October 2011 to 82.8% in December 2015. That decrease can be attributed to resident turnover resulting from lower lengths of stay, especially for short-stay residents, NIC said. NIC also found that an increasing percent of patient days were paid through managed Medicare, signalling an increase in Medicare Advantage enrollees. Medicaid also saw a slight increase within the patient day mix, while Medicare and private pay both saw decreases between 2011 and 2015.” LTC Comment (from Stephen A.
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Categories: Industry News.

“LTCi and D-I-V-O-R-C-E: A Conversation Worth Having,” by Brian Gordon and Murray Gordan, InsuranceNewsNet Magazine

“You can perform an important service for your clients by raising the issue of long-term care planning with those who are divorcing or recently divorced. This is because while long-term care planning is important for everyone, it’s even more important when someone is shifting from ‘couple’ to ‘single’ status.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is an excellent, thought-provoking article by longtime Center friends and supporters Murray and Brian Gordon.  The premise that becoming single makes LTCI risk even higher seems obvious, but it’s not sufficiently recognized and covered in divorce counseling. LTCi
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Categories: Industry News and Long-Term Care.

Genworth Contact Information: In Force Traditional Life & Fixed Annuity

Contact Information; Where to Call for Questions On In Force Traditional Life Insurance and Fixed Annuity Business While Genworth has suspended sales of traditional life insurance and fixed annuities, we will continue to provide service for our 2.8 million existing life insurance and annuity policy and contract holders. Existing customers and their benefits will not be impacted by this change, and Genworth’s commitment to them remains as strong as ever. We wanted to provide you with the most current contact information and remind you of the availability of information on our website, Genworth Pro. The following information can be accessed
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Categories: Genworth.

“Genworth Agrees to Pay $219 Million to Settle Securities Suit,” by Maria Armental, Wall Street Journal

“Genworth Financial Inc. GNW 4.48 % agreed to pay $219 million to settle a class-action lawsuit that alleged investors had been misled about the profitability of Genworth’s core business. The proposed settlement, which doesn’t admit wrongdoing, is subject to court approval. A jury trial had been set to begin in May, according to court documents.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Trials or tribulations. Genworth Agrees to Pay $219 Million to Settle Securities Suit #goldencareagent #Genworth
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Categories: Genworth, Industry News, and Long-Term Care.

“3 Ways To Mitigate The Cost Of Long Term Care,” by Max Gottlieb, Huffington Post

“There is a major disconnect between what federal and state governments provide and what caregivers actually need. Most programs are only available to people who meet Medicaid Long Term Care qualifications, which generally means a person cannot have assets or monthly income above $2,000. See this Medicaid guide for your state’s exact requirements as it does vary state by state. Although this sounds bleak, there are resources available, which I’ll outline below.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): I’m sending this along because people are always asking me for a state-by-state guide to Medicaid
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Categories: Industry News and Long-Term Care.