In this GoldenCare Newsletter Edition From GoldenCare: Join us for brand new webinar topics including a special Double Header on Thursday featuring Harry Crosby! See our full list of hot topics. PROMO TIME!! Get your Careshield, Mutual of Omaha Custom Solutions and GTL Critical Cash apps in for our Amazon.com Gift Card Blowout! See the Newsletter for details on this exciting promotion. Introducing Double-Dip Careshield! With TWO CareShield promotions, you can earn up to $250 per case. See the Newsletter for details and get in on the CASH! Our Guest Article in this edition is “Thinking Boomer: Understanding This Generation
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“How the Medicaid Debate Affects Long-Term Care Insurance Decisions”
“How the Medicaid Debate Affects Long-Term Care Insurance Decisions,” by Ron Lieber, New York Times “Something will have to give if we are to take the senators responsible for this bill at their word, and plenty of readers are taking them literally. So the question I’ve heard most in the last two weeks is this: How seriously should I consider getting some kind of insurance to cover my care in case big Medicaid cuts are on the horizon? . . . Given how strapped Medicaid is likely to become and how many more of us will live long enough to
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In-Force Rate Action Announcement: Illinois (Privileged Choice® and Classic Select®)
As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Illinois has now allowed the following increase: Illinois Product Series Increase Percentage Privileged Choice 51.5% Classic Select 51.5% This rate increase applies to both Non-AARP and AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin July 25, 2017 and will continue throughout the next year.
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Genworth, Industry News, and Long-Term Care.
Genworth to Implement Partnership Changes July 31, 2017
Effective July 31, 2017, Genworth will implement updates for Partnership Programs in Idaho, Maryland, Maine, New Mexico, and Pennsylvania. Policies that were sold on or after the state’s effective date, that meet the updated guidelines will receive notification from Genworth about this change. Idaho (Effective Date 3/25/16) reduced the inflation protection requirements to qualify for their partnership program. The following outlines the requirements by age: 40 – 60 2%, 3%, 4% or 5% compound inflation protection 61 – 75 2%, 3%, 4% or 5% compound or 5% simple inflation protection 76 + Inflation protection is not required There will be
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Genworth and Long-Term Care.
CareOptions: Important New Service – WellCheck6
Something new for your clients and prospects is coming July 21, 2017. It’s called WellCheck6! WellCheck6 is an exclusive system of six early detection health, wellness and safety assessments designed to help identify and detect potential early-warning signs and safety issues before they become serious or hard to manage. The convenient WellCheck6 assessments were designed for adults of all ages, from working age through retirement. The assessments are especially helpful for Mom and Dad – even if they live across the country. Once the assessments are complete, the system prepares a scored, preliminary report with follow-up recommendations that can be
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“NIC: Assisted Living Occupancy Plummets to Record Low”
“NIC: Assisted Living Occupancy Plummets to Record Low,” by Mary Kate Nelson, Senior Housing News “Assisted living occupancy is continuing to fall nationwide, according to data released Wednesday by the National Investment Center for Seniors Housing & Care (NIC). The average occupancy rate for assisted living properties across the country fell to 86.5% in the second quarter of 2017. That’s 0.7 percentage points lower than the average occupancy rate in the first quarter of 2017, and 1.4 percentage points lower than the average occupancy rate recorded a year earlier. The second quarter’s average assisted living occupancy rate is also tied for the
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“Chocolate consumption could improve cognitive function”
“Chocolate consumption could improve cognitive function,” by Alyssa Salela, McKnight’s Senior Living “Daily intake of cocoa or chocolate could improve cognitive performance, especially in vulnerable populations such as the elderly, according to a recent review of literature on the topic. . . . In the studies examined in the review, flavanols were shown to improve attention, processing speed, working memory and verbal fluency when ingested daily anywhere from five days to three months. The effects were greatest when a person’s memory was beginning to decline or if the person had other mild cognitive impairments.” LTC Comment (from Stephen A. Moses, President,
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Medicare Supplement News – Omaha Family of Companies
WI Outline Correction The new Wisconsin United World outline effective June 3, 2017, contained incorrect rates for the male non-tobacco – Part B Excess Rider (OPC4W) on page 15. Also the Part B Copay/Coinsurance Rider (0PC5W) premium now appears as a negative number to reflect that this is a premium reduction. These corrections have been made to the outline. Upcoming Medicare Supplement Rate Adjustments Please review the upcoming Medicare supplement rate adjustments in: GA, IA, IN, NY, OK, OR, and VA. • Modernized Rate Adjustment – VA and NY • Modernized In-force Only Rate Adjustment – GA • Standardized Rate
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When Medicare Supplement Insurance Isn’t Enough
Nearly everyone knows someone who has been affected by cancer or heart disease. And people who are 65 and older have a higher risk of contracting these conditions. Mutual of Omaha’s Critical Advantage Portfolio can help. A Cancer and/or Heart Attack and Stroke policy has a lifetime coverage option that can be issued up to age 89. Benefits are paid upon first diagnosis of any covered condition and are paid directly to your client. Explain to your Med Supp clients how a cancer and/or heart attack and stroke policy will be a great complement to their existing coverage. For more
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Have you tried the LTC e-App?
Producers that have used the LTC e-App agree it’s the easiest way to submit LTC applications. When you use the LTC e-application, you always have the right forms and cannot make a mistake. Some other advantages to the e-App are: Offers the ability to view and/or print state filed forms at any time Reduces application scrubbing time You choose the method of signature collection—e-signature email, e-signature face-to-face or wet signature Provides a paperless “green” experience Try the e-App on your next sale and you may never go back to paper. To learn more about the LTC e-App, click here. Have
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