“Per-bed SNF price plummets in 2017; NIC’s cross-sector collaboration to support industry,” by Kimberly Marselas Quote: “After setting records for five straight years, the average price per-bed for skilled nursing facilities plunged 18% in 2017, according to acquisition data published by Irving Levin Associates on Wednesday. The report and newsletter publishing company blamed the drop (to $81,350 per bed) on Medicare reimbursement cuts, reduced lengths of stay, rising labor costs and declines in occupancy.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): SNFs plunge as ALFs hit new record. See our immediately previous LTC Clipping for
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“Assisted living sets record for price per unit”
“Assisted living sets record for price per unit,” by Lois A. Bowers, McKnight’s Senior Living Quote: “The average price per unit in assisted living increased by 14% to set a record of $221,250 per unit in 2017, according to new acquisition data from Irving Levin Associates. The average cap rate for assisted living communities declined to 7.6%, which contributed to the higher values, the company said.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): ALF per unit price hits new high as SNF per unit price plummets (see next LTC Clipping.) As ALFs crowd out the
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Mutual of Omaha Reports 2017 Financial Results
03.13.18 OMAHA, Neb. – Mutual of Omaha today reported record 2017 GAAP pre-tax operating income of $554.8 million on revenues of $8.7 billion, compared with operating income of $526.3 million on revenues of $7.9 billion in 2016. Net income after taxes was $862.6 million, compared with $356.6 million in 2016. Net income for 2017 included non-recurring net favorable items of $469.4 million related to the Tax Cuts and Jobs Act. “Mutual of Omaha is a financially strong organization,” said Chairman and CEO James Blackledge. “As a mutual company, we exist for our policyholders. Profitable growth enables us to maintain the
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Ohio Severe Storms – Disaster Notification
Area(s) affected: Ohio Counties: Adams, Athens, Belmont, Brown, Clermont, Columbiana, Gallia, Hamilton, Hocking, Jackson, Jefferson, Lawrence, Meigs, Monroe, Muskingum, Scioto and Washington. Start date: February 19, 2018 End date: May 24, 2018 Mutual of Omaha is in the process of identifying customers affected by this event. A special note will be added to these policies in the near future. The grace period will be extended by an additional 30 days on affected policies as well as a message being added to our eService tool. We will exercise leniency in dealing with our customers that have been affected and allow exceptions
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Quick Tip: Quoting with MutualCare® Solutions Software
Scenario: Your clients are considering a Custom Solution long-term care insurance plan with Mutual of Omaha, but are weighing cost and benefit between several different plan designs. The couple may decide on any of the options. How can you quickly and easily compare each plan design, and prevent yourself from having to re-build the plan design they choose? Use the “Quotes” section within your software! Found just below your Agent information, this software feature allows you to easily keep track of different plan designs, toggle between each to show the impact on cost, and have the ability to save many
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Genworth: Write it Right Webinar Series
TrueView UnderwritingSM Write it Right Webinar Series Join us for our first ever, Underwriting Education Month in April. TrueView Underwriting: Write it Right Webinars Presenters: Amy Chambers and RG McGann As part of Underwriting Education Month, we will offer three short webinars designed to help you increase your placement rates so you can insure more clients and earn more commission. The times and topics are below. Sign up for one or more through the links. Tuesdays @ 11 AM or Thursdays @ 2 PM Eastern Time • Underwriting 101 • Common Conditions and Red Flags • The TrueView
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Genworth, Industry News, and Long-Term Care.
GTL: Medicare Supplement Now Available in Alabama
GTL’s Medicare Supplement Insurance Now Available In Alabama! • Competitive rates • Paper only – e-App coming soon! • Over 40 years in the market! • Household discount • 3-4 day underwriting time • Long-tenured, friendly staff ORDER SUPPLIES GTL Medicare Supplement Insurance applicants can now submit an application up to 6 months in advance of a selected effective date! Medicare Supplement is currently available in: Alabama, Arizona, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Michigan, Mississippi, Montana, Nebraska, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia, and
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Medicare Supplement Insurance Premium Rate Changes
Transamerica Premier Life Insurance Company will be implementing Medicare Supplement insurance premium rate changes for new sales and inforce policies. The policies that are impacted were originally underwritten by Transamerica Premier Life Insurance Company. The following are the states that will be impacted. Please note, New Jersey rate changes were previously communicated incorrectly as a 5% increase instead of a 5% decrease for plan G. Please see the correct rate changes below. State Plan Adjusted Percentage Upload Date New Rate Effective Date Nevada A, F, G, N 3% increase 3/21/2018 6/1/2018 New Mexico A, F, G, N 3% increase 3/21/2018
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Aetna Medicare Plans – Want to sell them?
Are your clients eligible for Medicare? Get trained on our 2018 MA/MAPD plans To start selling our 2018 Individual Medicare Advantage (MA/MAPD) plans you need to complete all of our ready-to-sell requirements. PLUS, you’ll need to complete market-specific training for every state and market where you plan to sell. At the training you’ll learn about our 2018 plan benefits, provider and pharmacy networks, and our competitive advantages. We’re here to help If you have any questions, just contact your local Aetna Medicare Broker Manager. #goldencareagent #aetna
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Medicare Supplement Launching in IN – Effective 3/19/18
Sentinel Security Life has expanded their Medicare Supplement product into Indiana effective 3/19/18! Click on the link below to download the application packet and Outline of Coverage. You can also visit our Agent Portal to access any of the product forms and the Life & Health Premium Calculator. Med Supp Application Packet – IN Med Supp Outline of Coverage – IN Applications can be submitted either via a paper app or electronic application. #goldencareagent #sentinel
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