Good News! | A Brand-New Solution For Aging Clients

Good News! A Brand-New Solution For Aging Clients Launched 9/20/16! Minnesota Life/Securian Life announced that their new CareShield™ product became available as of Tuesday last week! This provides both a simplified option for guaranteed premium life insurance protection and a solution for your clients’ future care needs! By combining a universal life insurance policy with built-in living benefits, clients may: Provide a tax-free death benefit to loved ones upon their death. Receive living benefits for chronic and terminal illness. Receive a premium refund if they elect to discontinue coverage after a specific number of years. Click Here for CareShield™ Product
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Categories: GoldenCare News, Industry News, and Life Insurance.

GoldenCare Newsletter | September 26, 2016 Edition

In this Edition From GoldenCare:   Our full list of complimentary agent training events, attend a session on one of our popular topics. Our 3-in-1 Third Quarter Promotion ends this Friday!   See the newsletter for terms and conditions and get your Mutual of Omaha LTCi apps in for cash and a chance to win the grand prize – a 3 year lease on a brand new Ford Mustang! Our Guest Article is “5 insider tips for finding affordable long-term care insurance,” by Barbara Marquand, USA Today.  Enjoy!   From Mutual of Omaha: Attention Minnesota agents – MoO’s NEW Cancer, Heart Attack
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Next Round of In-force Rate Action Notifications to Take Place in Late October

In late October, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after January 1, 2017. Policies Impacted: John Hancock LTCI individual policies originally issued in Illinois, Louisiana, New Hampshire and Wisconsin Policyholders in Georgia, Pennsylvania, and North Dakota who have received an initial “capped” or “phased-in” increase Fortis LTCI individual policies originally issued in New Hampshire and North Carolina Click below for complete details: Next Round of In-force Rate Action Notifications to Take Place in Late
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Categories: John Hancock and Long-Term Care.

Announcing the 2016 LTC Cost of Care Survey Results

We are pleased to announce the release of our 2016 Cost of Care Survey, conducted by LifePlans, Inc. This year’s survey revealed that the cost of long-term care services continues to rise. To learn more, review our key findings brochure (LTC-1167), and access our updated interactive calculator. #goldencareagent #JohnHancock
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Categories: Industry News, John Hancock, and Long-Term Care.

“Medicare Advantage rates to drop slightly,” by Robert King, Washington Examiner

“Premiums for the popular Medicare Advantage program will drop slightly in 2017, as enrollment is expected to reach a record high.  The Centers for Medicare and Medicaid Services announced Thursday that the average monthly premium in the program will drop by $1.19, about 4 percent, next year. That will bring premiums to $31.40, according to the agency.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): MA rates recede as usage grows. Medicare Advantage rates to drop slightly #goldencareagent
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Categories: Industry News and Medicare Supp./Adv..

“Interest rate slump rocks Pa. LTC Partnership Program,” by Allison Bell, LifeHealthPRO

“The Pennsylvania Insurance Department is responding to the prolonged slump in interest rates by cutting the amount of inflation protection consumers have to buy to qualify for the state’s Long Term Care Partnership Program.  To participate in the program, state residents now need to buy coverage with inflation protection equal to the Consumer Price Index or a fixed rate of just 1 percent.  Previously, the state required partnership program participants to get coverage with at least 3 percent of annual inflation protection.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Something sensible from a state insurance
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Categories: Industry News and Long-Term Care.

Manhattan Life: Guarantee Issue and Missouri Business

Important updates for Guarantee Issue business and Missouri replacement business. With the upcoming surge in fall sales just around the corner, it is important that you follow the steps below regarding G.I. business and Missouri replacement business to assure that your business will be processed without delay. Manhattan Life has made it easier to submit proof of disenrollment eligibility for guarantee issue cases when using the eApp.  Once you finish the eApp and click “Submit”, a screen will pop up that includes an “Upload Documents” tab.  Simply click this tab to upload the appropriate disenrollment forms.  To view this new
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Categories: Manhattan Life and Medicare Supp./Adv..

“Medicare Advantage Savings Spread Far and Wide,” America’s Health Insurance Plans

“Tailored care coordination, disease management programs, comprehensive benefits, market competition – these are all part of what makes Medicare Advantage the foundation for care delivery innovations across the health system. By increasing provider efficiency in the delivery of clinical care, the innovative, cost effective practices implemented by Medicare Advantage plans are reducing spending in the fee-for-service Medicare program. If you needed more proof, in addition to a recent Milliman analysis and article published in the Journal of Health Economics, a study in the latest issue of Health Affairs finds that the cost-saving techniques employed by Medicare Advantage plans ‘spillover’ into
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Categories: Industry News and Medicare Supp./Adv..

New and Updated Forms for DI Choice

On October 1, 2016, Mutual of Omaha will be releasing a new Authorization to Release Information to my Agent form in the DI Choice application packet. This is a non-mandatory form that clients may sign that will allow their health information to be shared with their producer. Details can be provided in letter or phone communication. However, due to security risks, the information will not be provided via email unless there is confirmation of the intended recipient. One form may be left with the client for their personal records, and the other may be signed and sent in with their
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Categories: Disability Income Insurance and Mutual of Omaha (& Affiliates).

GUL and GUL Plus: Pricing Changes

Our industry has faced many challenges over the past several years – from persistently low interest rates to changing industry regulations. This environment significantly impacts how we are able to price our life insurance products, especially those with no-lapse guarantees, while still maintaining a profitable business model so that we can be there when customers need us most. As a result, effective October 1, 2016, we will be making adjustments to our GUL product pricing. At the same time, we will also be enhancing our GRO rider maximum refund cap as a way for you to offer additional value for
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Categories: Life Insurance and Mutual of Omaha (& Affiliates).