Great News for ALL Producers! During the Annual Enrollment Period (AEP), we will accept applications requesting a January 1, 2018 effective date if the application is dated October 01, 2017 or later. You may submit applications as early as October 1, 2017, rather than waiting until October 15, 2017. We will also accept HIP 2.0 applications written on or after October 1, 2017 with an effective date of January 1, 2018. This is a great opportunity to cross-sell to your Medicare Advantage clients! Please note, this is not a guaranteed issue on the replacement sale; to qualify for a new
Read More
Sentinel Underwriting Tip
Underwriting Tip: Kidney Failure and Dialysis There are 5 stages of kidney failure. Kidney damage or reduced kidney function that lasts longer than three months is referred to as chronic kidney disease (CKD). If kidney function worsens dialysis may be required. Dialysis is a process for removing waste and excess water from the blood and is used primarily as an artificial replacement for lost kidney function in people with kidney failure. Dialysis is regarded as a “holding measure” until a kidney transplant can be performed or sometimes as the only supportive measure in those for whom a transplant would be
Read More
Medicare Supplement News – Sentinel Security Life
Medicare Supplement Rate Adjustments – Effective 10/1/2017 It’s the time when Medicare Supplement Rate Adjustments are happening in multiple states. The following grid lists all of the current states experiencing rate adjustments. Arizona Illinois Nebraska North Dakota Texas California Iowa Nevada Oklahoma Utah Colorado Kansas New Mexico Oregon Washington Idaho Louisiana North Carolina South Dakota Wyoming The Agent Notification letters explaining each change by state can be accessed by clicking on the link below. Medicare Supplement Rate Adjustments #goldencareagent #sentinel > Related: Medicare Supplement News – Sentinel Security Life
Read More
“Caregiving for Alzheimer’s patients at risk in coming years, report says”
“Caregiving for Alzheimer’s patients at risk in coming years, report says,” by Karen Weintraub, USA Today “American families are having fewer children and are more likely to be divorced or estranged and have fewer financial resources, Nick Eberstadt, an economist, wrote in a report being released Wednesday [“Hiding in Plain Sight: Social and Demographic Trends That Will Exacerbate the Impact of Alzheimer’s”] by advocacy group UsAgainstAlzheimer’s. . . . These families simply won’t be able to afford to care for aging loved ones, and the burden will necessarily shift to the government — a costly trend the government hasn’t planned
Read More
“LifeSecure Distribution Deal Includes Worksite LTCI”
“LifeSecure Distribution Deal Includes Worksite LTCI,” by Allison Bell, ThinkAdvisor “A distribution arm of the Blue Cross and Blue Shield plans may set up a program that will offer long-term care insurance (LTCI) products from LifeSecure Insurance Company to all of the Blues. BCS Financial Corp., which is based in Oakbrook Terrace, Illinois, may offer stand-alone LTCI products from LifeSecure through an arrangement that will also offer other health products, other than major medical coverage, from LifeSecure.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): LTCI expansion. LifeSecure Distribution Deal Includes Worksite LTCI #goldencareagent #lifesecure
Read More
NGL: EssentialLTC Compliance News
EssentialLTC Maryland Update — Additional Application Form Now Available September 28, 2017 – Due to new state requirements, effective 10/1/2017 the EssentialLTC application forms for the state of Maryland have been revised to include a new required form, the “Important Disclosure Statement About the State of Maryland’s Long-Term Care Insurance Partnership Program” (NLTCN-PRT-MD). This new form must be signed and dated by the proposed applicant (or applicants, if applicable) and the insurance producer at the time of application, with one copy being left with the applicant(s), and the other to be maintained by the agent as part of their records.
Read More
LifeSecure: News & Corporate Responsibility
LifeSecure Insurance Company, BCS Financial Collaboration Seeks to Expand Ancillary Health Offerings 10/02/2017 Collaboration will provide turnkey solutions to Blue Plans nationwide BRIGHTON, Mich. — LifeSecure Insurance Company, a supplemental health and long term care insurance provider, and BCS Financial Corporation, a company that builds innovative solutions for Blue Cross Blue Shield companies, today announced a strategic arrangement to bring ancillary health solutions to Blue Plans across the country. The arrangement’s initial goal is to offer accident, critical illness, hospital indemnity, and long term care insurance alongside participating Blue Cross Blue Shield medical plans beginning in the fall of 2017.
Read More
Genworth News & Updates
North Carolina Regulator Approves Proposed Oceanwide Acquisition of Genworth’s NC-Domiciled Insurance Companies 10/04/17 RICHMOND, Va., Oct. 4, 2017 /PRNewswire/ — Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today announced that the North Carolina Department of Insurance has approved the proposed acquisition of control by Oceanwide of Genworth’s North Carolina-domiciled insurance companies, including Genworth Mortgage Insurance Corporation, as contemplated under the merger agreement entered into by Genworth and Oceanwide on Oct. 21, 2016. The North Carolina Department of Insurance’s approval is conditioned on (i) receipt of all other required regulatory approvals; (ii) the continued protection
Read More
Genworth, Industry News, and Long-Term Care.
Genworth News & Updates
Genworth and Oceanwide Provide Update on CFIUS Application 10/02/17 RICHMOND, Va., Oct. 2, 2017 /PRNewswire/ — Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today reported that they have withdrawn their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS), with an intent to refile the transaction with additional mitigation approaches, including potentially working with a U.S. third- party service provider. Both parties are fully committed to continuing to work on robust mitigation proposals. CFIUS’ acceptance of the refiled joint voluntary notice would commence a new 30-day review period, which
Read More
Genworth, Industry News, and Long-Term Care.
Medicare Supplement News – Omaha Family of Companies
Upcoming Rate Adjustments Learn more about the upcoming rate adjustments in KY, MO and NJ. • In-force Only Rate Adjustment – KY & MO • Standardized Rate Adjustment – MO & NJ #goldencareagent #mutualofomaha
Read More
