MutualCare Solutions Cash and Reimbursement Benefits

MutualCare Solutions policies give your clients two options on receiving long-term care benefits – cash and reimbursement. The cash benefit can be used for any services that supports the plan of care. Plus there is no elimination period to meet to start using cash. Reimbursement benefits allow your client to access covered long-term care services which will be reimbursed up to the selected amount each month. An elimination period must be met before benefits begin. Your clients also have the flexibility to switch between cash and reimbursement benefits at any time. For more details on cash and reimbursement benefits, here.
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Coming Soon: New Living Promise e-Application Design

We are are updating our Living Promise e-Application to a new version with updated features, making it easier for you to conduct business. Coming Soon to the Living Promise e-App Consolidated Screens – Fewer screens with a cleaner design Address Prefill – Begin typing in your client’s address and prefill options will populate for you to choose from Touch-to-Sign – Your clients will have the ability to sign using a stylus or their fingertip Important Reminders To avoid delays in policy issue, please submit your current e-Apps (all signatures completed) by October 21, 2017.   If you have any questions,
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Using Life Insurance to Satisfy the Requirements of a Divorce Decree

When a couple gets divorced, the court often requires alimony or child support payments. But, what if the spouse who is responsible for the court-ordered payments dies? The surviving ex-spouse will no longer receive payments and may not have the means to support himself or herself, or to adequately support their family, if children are involved. That’s why an increasing number of decrees require the support-paying spouse to purchase a life insurance policy on his or her life with their ex-spouse as the beneficiary – at least for a specified period of time. Since critical advantage pays a lump sum
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

Omaha: Broker Bonus Program

Now you can make even more bucks on your Medicare supplements and SELECT underwritten business. We are happy to announce our new Broker Bonus Program! You will receive a cash bonus when you sell our Medicare supplement and SELECT products in the following states from September 25, 2017 – January 31, 2018. Arizona Nevada Pennsylvania Texas Florida New Jersey South Carolina Utah Georiga North Carolina Tennessee Wisconsin Mississippi Ohio   How the program works Apps signed September 25, 2017 — January 31, 2018 must be issued and effective before February 1, 2018 Minimum five issued policies in a month to
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“Why Huge Quality Gaps Among Nursing Homes Are Likely To Grow If Medicaid Is Cut”

“Why Huge Quality Gaps Among Nursing Homes Are Likely To Grow If Medicaid Is Cut,” by Jordan Rau, NPR “Nursing homes that rely the most on Medicaid tend to provide the worst care for their residents — not just the people covered by the program but also those who pay privately or have Medicare coverage. Despite the collapse of the latest Senate effort to repeal the Affordable Care Act, congressional Republicans are still keen on shrinking the amount of Medicaid money Washington sends states.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Could you ask for
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Categories: Industry News and Long-Term Care.

“Genworth survey: Cost of private SNF rooms jumped 5.5% in 2017”

“Genworth survey: Cost of private SNF rooms jumped 5.5% in 2017,” by Emily Mongan, McKnight’s LTC News “The monthly costs of a stay in a skilled nursing facility continued to grow in 2017, with the average monthly rate of a private room topping $8,000, according to Genworth’s annual Cost of Care survey. The survey’s results, published Tuesday, found private room rates up 5.5% since 2016, for a total of $8,121 per month. That’s compared to a $7,698 average monthly rate reported by last year’s survey. . . . The results of a consumer survey also published by Genworth this week
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Categories: Genworth, Industry News, and Long-Term Care.

GTL’s New Short-Term HHC Now in HI and ID!

Now available in Hawaii and Idaho! $150, $300 or $450 maximum daily benefit options! Prescription benefit year maximum of 300 or 600! Great cross-selling opportunity and complements our other great products! Policyholder Access to Ask Mayo Clinic Nurseline and Critical Illness Support Available on paper and on our new e-App! HIP, Critical Accident, Dental/Vision and Ambulance riders available PLEASE NOTE: You will have to go to Google Play or the App Store to update the e-App on your Apple or Android device.   Available in the following states: Alabama, Alaska, Arkansas, Delaware, District of Columbia, Georgia, Hawaii, Idaho, Illinois, Indiana,
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Categories: Guarantee Trust Life, Industry News, and Short-Term Care.

“Failing Sense of Smell Tied to Dementia Risk”

“Failing Sense of Smell Tied to Dementia Risk,” by OneAmerica, Advisor Magazine “Older adults who’ve lost their sense of smell appear to have an increased risk of dementia, a new study suggests. The long-term study included nearly 3,000 participants, aged 57 to 85, who were tested on their ability to identify five common odors. . . . Five years after the test, the participants who weren’t able to identify at least four of the five odors were more than twice as likely to have dementia, compared to those with a normal sense of smell, the researchers said.” LTC Comment (from
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Categories: Industry News and Long-Term Care.

“Majority of Americans believe health insurance or Medicare will pay for long-term care”

“Majority of Americans believe health insurance or Medicare will pay for long-term care,” by OneAmerica, Advisor Magazine “A recent survey conducted online by Harris Poll on behalf of OneAmerica® asked adults how they would pay for assistance with daily living due to illness or injury, either in-home or in a care facility, for an extended period of time (i.e., longer than 90 days). More than half (55%) said they’d use Medicare or health insurance, even though in most cases, neither will pay for long-term assistance with daily activities. In the survey of 2,065 U.S. adults age 18 and older1, those
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Categories: Industry News and Long-Term Care.

“Popularity of hybrid long-term care policies grows with longer-pay options”

“Popularity of hybrid long-term care policies grows with longer-pay options,” by Margarida Correia, Financial Planning “Until recently, individuals would typically plunk down $100,000 or $200,000 to purchase a hybrid life insurance policy that provided long-term care benefits. With the rollout of smaller policies payable over 10 years, more people are now able to access the coverage, according to Steckler.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Seems to be a trend. Popularity of hybrid long-term care policies grows with longer-pay options #goldencareagent #hybrid #longtermcare
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Categories: Industry News, Linked Benefit/Hybrids, and Long-Term Care.