Good News | Help Keep Clients OUT of Nursing Homes with This Unique Rider

  Get Maximum Benefits for Professional Home Health Care If staying at home is your client’s top priority, here’s a way to ensure the policy provides maximum benefits for home health care. The Professional Home Health Care rider, available only on a MutualCare® Custom Solution policy, makes additional funds available for long-term care services provided by a nurse or skilled health-care professional. These extra funds can make it possible for some of your clients to stay OUT of a nursing home. Click the link below to learn how this optional rider works, and for an example: Get Maximum Benefits for
Read More

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

Transamerica Operations Disrupted by Storm

TRANSAMERICA OPERATIONS DISRUPTED BY STORM WE APPRECIATE YOUR PATIENCE On Monday afternoon, severe storms passed through central Iowa and affected our Cedar Rapids operations. Most importantly, we believe our employees are safe despite widespread damage in the area. Power and internet outages are widely reported, which will lead to a few days of uncertainty. In response, Transamerica and our administrative partner, TCS, have enacted our Business Continuity Plan. During this time, several phone lines will be temporarily closed or rerouted to other locations. Lines that remain open will have longer wait times as we try to balance customer support. These
Read More

Categories: Industry News and Long-Term Care.

GoldenCare Newsletter | August 10, 2020

Read Full GoldenCare Newsletter, August 10, 2020 Edition In this GoldenCare Newsletter 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. Appoint with all the Top Carriers   LTCCEO Updates: NEW UPDATE!  If you haven’t updated yet or you haven’t got your copy, contact us today to find out how! Current installs: Double click “Check for Updates” on your desktop to receive
Read More

Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), Securian, and Thrivent.

“When Covid-19 Hit, Many Elderly Were Left to Die”

“When Covid-19 Hit, Many Elderly Were Left to Die,” by Matina Stevis-Gridneff, Matt Apuzzo and Monika Pronczuk, New York Times Quote: “Of all the missteps by governments during the coronavirus pandemic, few have had such an immediate and devastating impact as the failure to protect nursing homes. Tens of thousands of older people died — casualties not only of the virus, but of more than a decade of ignored warnings that nursing homes were vulnerable. Public health officials around the world excluded nursing homes from their pandemic preparedness plans and omitted residents from the mathematical models used to guide their
Read More

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

“Dementia on the Retreat in the U.S. and Europe’”

“Dementia on the Retreat in the U.S. and Europe,” by Gina Kolata, New York Times Quote: “Despite the lack of effective treatments or preventive strategies, the dementia epidemic is on the wane in the United States and Europe, scientists reported on Monday. The risk for a person to develop dementia over a lifetime is now 13 percent lower than it was in 2010. Incidence rates at every age have steadily declined over the past quarter-century. If the trend continues, the paper’s authors note, there will be 15 million fewer people in Europe and the United States with dementia than there are
Read More

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

“Long-term care groups, 490 others, call for enactment of COVID-related legal protections ‘as soon as possible’”

“Long-term care groups, 490 others, call for enactment of COVID-related legal protections ‘as soon as possible’,” by Lois A. Bowers, McKnight’s Senior Living Quote: “Proposed legislation that would protect healthcare providers from COVID-19-related lawsuits ‘is critically needed and should be enacted as soon as possible,’ 495 organizations, including several associations representing senior living and other long-term care providers, wrote in a letter to all members of Congress.”     LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Averting a feeding frenzy by trial attorneys or sheltering deficient Medicaid care from redress?        
Read More

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

“COVID-19 May Fix GE’s Long-Term Care Problem”

“COVID-19 May Fix GE’s Long-Term Care Problem,” by Adam Levine-Weinberg, Seeking Alpha Quote: “In early 2018, GE took a $9.5 billion pre-tax charge and announced that it would have to add nearly $15 billion to its long-term care insurance reserves by 2024. Many investors have continued to worry that GE would eventually need to set aside even greater reserves. The COVID-19 pandemic appears to have sparked an uptick in long-term care policy terminations, reducing future liabilities. With long-term care premiums rising and skilled-nursing facilities increasingly seeming dangerous, policy terminations could continue in the quarters ahead. GE stock has fallen too
Read More

Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“COVID-19 long-term toll signals billions in healthcare costs ahead”

“COVID-19 long-term toll signals billions in healthcare costs ahead,” by Caroline Humer, Nick Brown, Emilio Parodi, Reuters Quote: “With mounting evidence that some COVID-19 survivors face months, or possibly years, of debilitating complications, healthcare experts are beginning to study possible long-term costs.”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This may offset savings on reserves from pandemic deaths of people insured for long-term care.        
Read More

Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“What We Know About Provider Consolidation”

“What We Know About Provider Consolidation,” by Karyn Schwartz, el al., Kaiser Family Foundation Quote: “The COVID-19 pandemic has led to dramatic decreases in health care spending, as patients and providers have delayed a wide range of health care services. The decrease in service use and spending resulted in a decline in revenue for many providers at the same time that some are facing increased costs due to the pandemic. Given the uncertain timing of a ‘return to normal’ and potentially lingering effects of the current economic crisis, some providers may continue to experience sustained declines in revenue even with
Read More

Categories: Clippings, COVID-19, and Industry News.

Product updates to SecureCare in AZ, CT, DE and ND

Product updates to SecureCare Universal Life Securian Financial is committed to building secure tomorrows by doing the right thing today. To deliver on this promise and in response to the historically low interest rate environment, Securian Financial will implement the following updates to SecureCare in Arizona, Connecticut, Delaware and North Dakota on September 5, 20201. Please note: these changes impact new business only, there are no changes to in-force policies. There is no change to the product structure, contract language, forms, compensation or types of benefits provided.   Pricing update Given the extremely low interest rate environment and historic volatility
Read More

Categories: Industry News, Life Insurance, and Securian.