“How Your Retired Prospects’ Coverage Has Changed”

January 8, 2019 | by | Comments Off on “How Your Retired Prospects’ Coverage Has Changed”

“How Your Retired Prospects’ Coverage Has Changed,” by Allison Bell, ThinkAdvisor “U.S. retirees may be covering their eyes and teeth better, but they may have less protection against long-term care (LTC) and disability risk than they did just two years ago. … The Transamerica Center for Retirement Studies released a new batch of U.S. retiree survey data today. … The percentage with dental insurance increased a little, and the percentage with vision insurance increased a lot: 40% now have dental coverage, and 35% have vision coverage. But the percentage with disability insurance fell a little, and the percentage with private long-term
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Categories: Clippings, Industry News, and Long-Term Care.

“Long-Term Care Providers Drive Growth in Special Medicare Advantage Plans”

January 8, 2019 | by | Comments Off on “Long-Term Care Providers Drive Growth in Special Medicare Advantage Plans”

“Long-Term Care Providers Drive Growth in Special Medicare Advantage Plans,” by Anne Tumlinson and Elizabeth Walsh, Skilled Nursing News “Health care providers selling Medicare Advantage (MA) products isn’t a new trend, but typically ‘providers’ refers to hospitals, health systems, or physician groups. Few would expect nursing homes and assisted living operators to be able or willing to manage health care risk for some of the highest-cost Medicare beneficiaries. And yet, as these charts illustrate, long-term care providers are largely responsible for driving rapid growth (23%) in the number of MA special needs plans enrolling institutionalized Medicare beneficiaries over the last
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Categories: Clippings, Industry News, and Long-Term Care.

SecureCare multi-pay now available in IN, DE and NJ!

January 7, 2019 | by | Comments Off on SecureCare multi-pay now available in IN, DE and NJ!

SecureCare multi-pay now available in IN, DE and NJ! Thanks to our enhanced SecureCare Universal Life, your long-term care (LTC) conversation just got easier. Now you can offer a long-term care insurance option that gives your clients the flexibility, simplicity and freedom they deserve. Our new-and-improved SecureCare is now available in Indiana, Delaware and New Jersey, and boasts enhanced features and benefits, including: Cash indemnity benefits Single and multi-pay options Reduced-paid up benefit1 Learn more   1   Reduced paid-up benefit refers to the reduced paid-up nonforfeiture benefit that purchases paid-up insurance in the event of premium lapse.   SecureCare
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Categories: Industry News, Linked Benefit/Hybrids, and Securian.

In-Force Rate Action Announcement: New Jersey (Choice 1)

January 7, 2019 | by | Comments Off on In-Force Rate Action Announcement: New Jersey (Choice 1)

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. Alabama has now allowed the following increase for New Jersey certificates issued under a group master policy issued to a trust in Alabama: New Jersey Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55% 72%       This rate increase was filed and approved in accordance with the laws and regulations of Alabama in which
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Arkansas AARP (Privileged Choice® and Classic Select®)

January 7, 2019 | by | Comments Off on In-Force Rate Action Announcement: Arkansas AARP (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. Arkansas has now allowed the following increases: Arkansas AARP Product Series Increase Percentage Privileged Choice 28.4% Classic Select 28.4% This rate increase applies to AARP® policies only     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 January 15, 2019 and will continue throughout the next
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Florida AARP (Privileged Choice® and Classic Select®)

January 7, 2019 | by | Comments Off on In-Force Rate Action Announcement: Florida AARP (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. Florida AARP Product Series Increase Percentage for Issue Ages: Privileged Choice and Classic Select Ages 18-70: 98.1% phased  (25.6%, 25.6%, 25.6% cumulative) Age 71: 88.4% phased  (23.5%, 23.5%, 23.5% cumulative) Age 72: 78.5% phased  (21.3%, 21.3%, 21.3% cumulative) Age 73: 69.5% phased  (19%, 19%, 19% cumulative) Age 74: 58.9% phased  (16.7%, 16.7%, 16.7% cumulative) Age 75: 48.9% phased  (14.2%, 14.2%, 14.2% cumulative) Age 76: 39.4% phased 
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Categories: Genworth, Industry News, and Long-Term Care.

Medicare News – Omaha Family of Companies

January 7, 2019 | by | Comments Off on Medicare News – Omaha Family of Companies

Medicare Supplement: Upcoming Med Supp Rate Adjustments Scroll through the announcement for details on the following rate adjustments. • Modernized Rate Adjustments — OIC-SD    *See page 1 of the attachment • Modernized In-force Only Rate Adjustments — UOO-MS    *See page 2 of the attachment • Standardized Rate Adjustments — MOO-VA; UOO-MS    *See page 4 of the attachment   #goldencareagent #mutualofomaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

GTL: Consistently Competitive Med Supp Rates

January 7, 2019 | by | Comments Off on GTL: Consistently Competitive Med Supp Rates

GTL’s Medicare Supplement Insurance has been rated in the top 5 for overall rate competitiveness by CSG Actuarial now for the past five reports! Get paid weekly, great household discounts, 3-4 day turnaround time and extremely competitive rates are just a few of the great reasons to sell GTL’s Medicare Supplement Insurance. ORDER SUPPLIES   Where are all of GTL’s videos located? Our Vimeo page houses all of our product videos to share with your clients and how-to videos for our e-App. Bookmark this page for quick access! GO TO GTL’S VIMEO   #goldencareagent #gtl #medsupp
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Categories: Guarantee Trust Life, Industry News, and Medicare Supp./Adv..

Mutual of Omaha is Invested in Long-Term Care Solutions

January 7, 2019 | by | Comments Off on Mutual of Omaha is Invested in Long-Term Care Solutions

From rolling out a Long-Term Care rider for life policies to improving the claims process, we had a lot going in 2018. To see what we have accomplished this past year (with your help), read our wrap-up letter below: Mutually Invested in Long-Term Care Solutions We appreciate all the business you placed with us in 2018 and look forward to more success in 2019.   Mutual of Omaha is Invested in Long-Term Care Solutions   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

LTCi Underwriting Process Improvement

January 7, 2019 | by | Comments Off on LTCi Underwriting Process Improvement

Starting on January 20, 2019, your clients can start using the new online scheduling portal to schedule their telephone interview if it is needed from underwriting. The online scheduling portal works like this: Application is received by Mutual of Omaha that includes an email address An email is sent out within 24 hours to the applicant Email contains a link to an online telephone interview schedule request Applicant selects the time and date of the telephone interview Interview is scheduled, and confirmation sent out If your clients do not respond to the online email option or don’t provide an email
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).