Good News | You Asked. We Listened: Recording of 1/3 “Industry Updates” Webinar

  Recorded Industry Updates Presentation Now Available Did you miss GoldenCare’s “Industry Updates – 2017 Year-End Grand Finale” webinar presentation on January 3rd? Due to the overwhelming number of requests, we’re pleased to make the recording of this presentation available to everyone! Click image below to access:   Read Full Good News Article #LTCI #goldencareagent
Read More

Categories: GoldenCare News, Industry News, and Long-Term Care.

“Caring for young children and elderly parents, and wrestling with resentment”

“Caring for young children and elderly parents, and wrestling with resentment,” by Sara Peterson, Washington Post “My husband Brett and I have two kids, and their entrances into the world coincided with my in-laws having to replace canes with walkers. We have spent the last few years researching school districts while simultaneously reading up on assisted living communities. This bilateral process of caregiving is disorienting, complicated and difficult. For everyone. . . . We understand in the most visceral, messy ways why so many books are written about crafting end of life plans while you’re still young, we’re all grasping
Read More

Categories: Industry News and Long-Term Care.

“5 Notes on GE’s $15B in LTCI Reserve Contributions”

“5 Notes on GE’s $15B in LTCI Reserve Contributions,” by Allison Bell, ThinkAdvisor “GE startled the company’s investors today by announcing that GE Capital will have to add $15 billion to its reserves over seven years, mainly to cope with a trend of adverse claims behavior in its LTCI book of business.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): More on today’s GE bombshell. 5 Notes on GE’s $15B in LTCI Reserve Contributions #GE #LTCI #goldencareagent
Read More

Categories: Industry News and Long-Term Care.

“GE CEO Renews Pledge to Study Breakup After $6.2 Billion Stumble”

“GE CEO Renews Pledge to Study Breakup After $6.2 Billion Stumble,” by Rick Clough, Bloomberg “Flannery renewed the discussion of a potential breakup after disclosing a $6.2 billion charge related to an old portfolio of long-term care insurance, another setback for a company already struggling with flagging demand in some key markets. The CEO, who took over for Jeffrey Immelt in August, is cutting costs and selling assets after GE posted last year’s biggest drop on the Dow Jones Industrial Average.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Blaming the breakup of General Electric on long-term care
Read More

Categories: Industry News and Long-Term Care.

“Skilled Nursing Providers Sue Illinois Over Medicaid Rates”

“Skilled Nursing Providers Sue Illinois Over Medicaid Rates,” by Alex Spanko, Skilled Nursing News “A group of five nursing home providers sued the state of Illinois late last week in federal court, claiming that low Medicaid reimbursement rates in the Land of Lincoln could force them to shut down.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): If this is happening already with the economy booming and state revenues way up, just imagine what’s going to happen when the next recession hits. One more reason to have LTCI and not rely on Medicaid. Skilled Nursing Providers
Read More

Categories: Industry News and Long-Term Care.

“How Millionaires Collect Food Stamps”

“How Millionaires Collect Food Stamps,” by Kristina Rasmussen, Wall Street Journal “You probably assume that food stamps go to poor people only. But this policy, which the U.S. Department of Agriculture instituted during the Clinton administration, allows state food-stamp programs to grant benefits to anyone who has moderately low wage income, regardless of net worth. A family with a seven-figure bank account can be eligible for food stamps.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): To get Medicaid to pay for long-term care, you don’t even have to have low income. For details, see “How
Read More

Categories: Industry News and Long-Term Care.

“Anxiety: An early indicator of Alzheimer’s disease?”

“Anxiety: An early indicator of Alzheimer’s disease?,” EurekAlert “From their research, the team found that higher brain amyloid beta burden was associated with increasing anxiety symptoms over time in cognitively normal older adults. The results suggest that worsening anxious-depressive symptoms may be an early predictor of elevated amyloid beta levels – and, in turn AD — and provide support for the hypothesis that emerging neuropsychiatric symptoms represent an early manifestation of preclinical Alzheimer’s disease.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Oh,oh! News like this makes me anxious. Anxiety: An early indicator of Alzheimer’s disease?
Read More

Categories: Industry News and Long-Term Care.

GoldenCare Newsletter | January 15, 2018

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Our new training schedule is posted!  Join us for complimentary product and sales training and receive a Continuing Education Voucher for each unique event!  Voucher does not apply in KY. Keep an eye out for an upcoming sales training webinar event featuring a special LTC Industry Expert speaker! To reserve your seats, Click Here. Our Guest Article in this edition is  “How to Use RMDs to a Client’s Advantage: Morningstar’s Benz,” by Jane Wollman Rusoff, ThinkAdvisor Enjoy! Compliance: No compliance in this edition. Industry Updates: From Mutual of
Read More

Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Minnesota Life, Mutual of Omaha (& Affiliates), National Guardian Life, and Transamerica.

Genworth eSuites Demo Webinar This Thursday 1/18

eSuites Demo Thursday, January 18 at 2:00 PM Eastern / 1:00 PM Central Genworth’s eSuite of New Business Tools provides a paperless solution for the entire selling process. Initially, our eSuite will include updated quoting, an electronic application, eSignature capability and the ability for you to schedule your clients’ underwriting interview. 25% of our applications are now coming in via eSuites. Join us to see what the buzz is about! Thursday, January 18 at 2:00 PM Eastern / 1:00 PM Central The call will not be recorded, attendance is limited.   Genworth eSuites Demo Webinar This Thursday 1/18   #goldencareagent
Read More

Categories: Genworth and Long-Term Care.

(Legacy) Rate Adjustments Effective May 1, 2018 – VA

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 May 1, 2018: Block of Business Impacted States NHA, LTA, HCA, LT50 & NH50 Virginia     For a complete
Read More

Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).