Time to Start the LTC Conversation November is LTC Awareness Month. That makes it a perfect time to start talking with your clients about the importance of planning for LTC. Mutual of Omaha has the tools you need to begin the conversation, including tips on how to get people talking plus a variety of materials – flyers, brochures and more. Click below to view the flyer: November is LTC Awareness Month | Time to Start the Conversation Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to
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You’re Invited | Feel Uncomfortable With Client LTCi Questions? Here’s Our Solution!
Click above to see Tom Randall’s short Intro Video Have The LTCi Conversation Without The Stress Of Certification We’re pleased to introduce a brand new Longevity Planning Referral Program in collaboration with Integrity Marketing Group’s Long-Term Care insurance branch. The Referral Program is EASY. You don’t have to become a Longevity Planning Specialist: no hassling with carrier contracts, producer certifications or DOI appointments. Thurs, Nov 5, 2020 2:00 PM to 2:45 PM CST Thurs, Nov 12, 2020 2:00 PM to 2:45 PM CST For more info Visit IntegrityLTCDirect.com Download Referral Program Brochure
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“BREAKING: First Alzheimer’s commercial blood test to detect amyloid beta hits the market”
“BREAKING: First Alzheimer’s commercial blood test to detect amyloid beta hits the market,” by Alicia Lasek, McKnight’s LTC News Quote: “A new blood test that detects the likelihood that a patient has Alzheimer’s brain plaques on Thursday became the first to hit the commercial market. The PrecivityAD test is performed using a small blood sample taken in a clinical setting which is then processed in the test developer’s lab. It detects the presence of amyloid beta biomarkers, helping to predict the likely results of a diagnostic brain scan, the company said in a statement.” LTC Comment: Whether you
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“Older Americans 2020: Key Indicators of Well-Being”
“Older Americans 2020: Key Indicators of Well-Being,” AgingStats.gov Quote: “This report provides the latest data on the 40 key indicators selected by the Forum to portray aspects of the lives of older Americans and their families. It is divided into six subject areas: population, economics, health status, health risks and behaviors, health care, and environment. Download the Full 2020 Report (PDF)” LTC Comment: Generally a good source for aging stats, but this quote from page 52 is false: “In 2017, about 44 percent of long-term care facility costs for Medicare beneficiaries age 65 and over were covered by
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“2021 Tax Deductibility Limits”
“2021 Tax Deductibility Limits,” by Jesse Slome, American Association for Long-Term Care Insurance Quote: “The following are the new 2021 deductible limits per-individual (2020 in brackets): Attained Age Before Close of Taxable Year 2021 Limit (2020) 40 or less $450 ($430) More than 40 but not more than 50 $850 ($810) More than 50 but not more than 60 $1,690 ($1,6,30) More than 60 but not more than 70 $4,520 ($4,350) More than 70 $5,640 ($5,430)” LTC Comment: Thanks to Jesse Slome and the AALTCI for this latest annual
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“Report shows 51% growth for home-based services”
“Report shows 51% growth for home-based services,” by Joe Jancserak,McKnight’s Senior Living Quote: “Home-based services such as home health, home care, adult-day care, Continuing Care at Home programs and Program for All-Inclusive Care for the Elderly continue to grow, according to the 17th Annual LeadingAge Ziegler (LZ) 200 Report. Approximately 51% of the not-for-profit senior living organizations listed on the 2020 LZ 200 offer some type of home and community-based service to non-residents, a 1% increase over 2019 data.” LTC Comment: Philanthropic and other private financing have done more for “rebalancing” than Medicaid has.
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“How do you get the new Medicare Advantage benefits? It’s not easy”
“How do you get the new Medicare Advantage benefits? It’s not easy,” by Walecia Konrad, MarketWatch Quote: “If you’re tempted by the new benefits some Medicare Advantage plans are touting, the annual open enrollment season (Oct. 15 through Dec. 7) is the time to look. But finding a plan offering the benefits might be hard. … These new rules open the door to coverage for adult day care services, home-based palliative care, in-home support services, caregiver support, non-opioid pain management, memory fitness services, home and bathroom safety devices and modifications, transportation, meal delivery, pest control, over-the-counter health items, virtual
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“Retirement: Average Boomer’s savings would only last seven years, study finds”
“Retirement: Average Boomer’s savings would only last seven years, study finds,” by Dhara Singh, Yahoo!Money Quote: “The average baby boomer’s savings will last only seven years in retirement, a new study found, unless they curb their spending during their golden years. Boomers on average have $920,400 saved for retirement, the Charles Schwab survey of 2,000 Americans aged 55 to 75 with at least $100,000 in investable assets found. But they expect to spend $135,100 per year to sustain their ideal lifestyle in retirement, meaning their savings would run out after seven years. … So how do they expect to stick
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Important Announcement | Reminder: LTC Rate Refresh & Benefit Changes In 5 States 11/1
Important Update LTC Rate Refresh Transition Rule Best Practices Reminder: Mutual of Omaha’s LTCi new business rate refresh and benefit changes will be taking effect in Kansas, Maryland, Massachusetts, Pennsylvania and Wisconsin on November 1, 2020. We want to reinforce how important it is to take note of our transition rules as they were outlined: Old applications signed after October 31, 2020, will not be accepted. Old applications signed by October 31 but received by Mutual of Omaha after November 13, 2020, will not be accepted. In both both scenarios, new applications would be required, and new rates and benefits
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LTC Rate Refresh Transition Rule Best Practices
Recently, you should have received our communication outlining the transition rules, implementation dates and benefit option changes to the MutualCare® Solutions Portfolio for the states of Kansas, Maryland, Massachusetts, Pennsylvania and Wisconsin. I want to reinforce how important it is to take note of our transition rules as they were outlined: Old applications signed after October 31, 2020, will not be accepted Old applications signed by October 31st but received by Mutual of Omaha after November 13, 2020 will not be accepted In both scenarios, new applications would be required, and new rates and benefits options would apply. No exceptions
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