“12% of Medicare Advantage Plans Will Offer Expanded Supplemental Benefits in 2020″

“12% of Medicare Advantage Plans Will Offer Expanded Supplemental Benefits in 2020,” by Robert Holly, Home Health Care News “The Medicare Advantage boom for home care is almost here. Ever since the Centers for Medicare & Medicaid Services (CMS) first expanded the scope of Medicare Advantage (MA) supplemental benefits in April 2018, at-home care providers have been trying to figure out they fit into a potentially new reimbursement puzzle. … Overall, at least 364 plans will take advantage of CMS’s more flexible MA policies in 2020, according to the Milliman study, which was commissioned by the Washington, D.C.-based Better Medicare Alliance.
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Categories: Clippings, Industry News, and Long-Term Care.

Reminder! Product portfolio changes and 2017 CSO updates

2017 CSO Updates: Important dates and transition timelines Beginning January 1, 2020, any new life products issued must use the 2017 Commissioners Standard Ordinary (CSO) Table. In an effort to streamline our product offerings and launch new, innovative life insurance products, there will be some changes to our product lineup through the end of the year (2019). Below is a summary of current products and corresponding replacements and retirements. Products that are already 2017 CSO/PBR (Principal-Based Reserving) compliant are excluded from this list. Indexed Universal Life (IUL) Current product Replacement product (2017 CSO/PBR compliant) Orion IUL Eclipse Accumulator IUL (coming
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Categories: Industry News, Linked Benefit/Hybrids, and Securian.

Medicare Supplement Plans and Third Party Payments

Medicare Supplement Plans and Third Party Payments As of October 1, 2019, Humana will not accept premium payments received from third parties on behalf of our individual customers for Medicare Supplement policies or products, except in specific circumstances and as required by state and/or federal law. Premium payments will only be accepted from third parties on behalf of individual customers as required by law or in specific circumstances, such as: A Group Association, or Company that is providing retiree benefits via a health reimbursement account or that meets Humana’s requirements to be list billed; A Family Member of the policyholder;
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Categories: Humana, Industry News, and Medicare Supp./Adv..

Minor Rate Adjustments Effective November 1

MINOR RATE ADJUSTMENTS   The 4, 6 and 8-year Guaranty Series and Guaranty 4, 6, and 8 AnnuiCare® rates will will decrease by 10 basis points beginning November 1. The FlexPlus and AnnuiCare® 5, 7 and 10-year options will remain unchanged. AnnuiCare® Flex Plus 10 is our top-selling AnnuiCare® offering with the rate holding strong at 3.00%. November is Long-Term Care Awareness Month. Now is a great time to visit with your clients about the importance of LTC planning. And, incorporate AnnuiCare® into your clients’ financial plans, when it’s a good fit. VIEW OUR RATES HERE       #goldencareagent
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

New GTL e-App Walkthrough Videos Available

Need help walking through the e-App quoting and application process? Need an overview on the new GTLink or supply ordering? See below for new how-to videos! Are you using the GTL e-App this AEP? Our e-App is your digital assistant for all that you need to sell GTL this AEP! If you need help walking through how to use the e-App or Agent Portal, tap the “Agent Help” button on the login screen. By clicking on the button you will have access to every step-by-step video that addresses the most common questions agents have regarding the e-App.      
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Categories: Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Medicare Supp./Adv., and Short-Term Care.

GoldenCare Newsletter | November 4, 2019

In this GoldenCare Newsletter Edition Read Full GoldenCare Newsletter, November 4, 2019 Edition   From GoldenCare:   Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTCCEO Updates: Be sure you’ve got the latest version!  Double click “Check for Updates” on your desktop to receive the latest update or call us at 800-842-7799! Happy Selling! Current Promotion: Check back for our next exciting
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“How Much Do Medicare Beneficiaries Spend Out of Pocket on Health Care?”

“How Much Do Medicare Beneficiaries Spend Out of Pocket on Health Care?,” by Juliette Cubanski, et al., Kaiser Family Foundation “In 2016, the average person with Medicare coverage spent $5,460 out of their own pocket for health care (Figure 1). This average includes spending by community residents and beneficiaries residing in long-term care facilities (5% of all beneficiaries in traditional Medicare). Among community residents alone, average out-of-pocket spending on premiums and health care services was $4,519 in 2016. But some groups of beneficiaries spent substantially more than others. Current Medicare-for-all proposals in Congress and from presidential candidates would largely eliminate out-of-pocket costs
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Categories: Clippings, Industry News, and Long-Term Care.

“Wearable activity trackers a reliable tool for predicting death risk in older adults”

“Wearable activity trackers a reliable tool for predicting death risk in older adults,” MedicalXPress “A federally funded study by Johns Hopkins Medicine researchers shows that wearable accelerometers—mechanical sensors worn like a watch, belt or bracelet to track movement—are a more reliable measure of physical activity and better than patient surveys and other methods used by physicians at assessing five-year risk of death in older adults.”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): No wonder Google bought Fitbit: more searchers longer.
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Categories: Clippings, Industry News, and Long-Term Care.

“What Retirement? People Over 65 Are Launching Encore Careers and Finding Fulfillment Like Never Before”

“What Retirement? People Over 65 Are Launching Encore Careers and Finding Fulfillment Like Never Before,” by Alix Langone, CNN Money “A growing number of older Americans are challenging the idea of traditional retirement, as more retirees decide they want to keep working or pursue passions after leaving the rat race behind: the number of Americans age 65 and over who continue to work has doubled since 1985, according to a study by United Income. Some people simply need to keep a paycheck coming in to cover the bills, but many want some combination of rewarding work on their own terms
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Categories: Clippings, Industry News, and Long-Term Care.

“CDC: U.S. life expectancy rises slightly, mortality rates fall compared to ’07″

“CDC: U.S. life expectancy rises slightly, mortality rates fall compared to ’07,” by Alicia Lasek, McKnight’s LTC News “Long-Term Care Planning Is Still a Great Way to Connect With Clients: Kristi Rodriguez,” by Allison Bell, ThinkAdvisor “United States life expectancy has increased slightly and mortality rates are down compared to 2007 numbers, while nursing homes are the third-most-used long-term care service, according to new data released this week by the U.S. Centers for Disease Control & Prevention. Life expectancy rose to 78.6 years in 2017 – up 0.5 years from 2007, reported the agency’s National Center for Health Statistics. In
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Categories: Clippings, Industry News, and Long-Term Care.