Advantage Plus HIP Training With GTL’s Michael Gende Are you offering GTL’s Advantage Plus® Hospital Indemnity Insurance to all of your Medicare clients? If not, you’re missing an easy sale and leaving gaps in your clients’ Medicare coverage! GTL’s Michael Gende will provide basic product training and sales tips to help you start the conversation, position the product and close the sale. He’ll cover strategies for cross-selling, with a complimentary phone script to help you reconnect with AEP clients! Couple GTL’s fast, transparent claim processing with a 15 year track record of developing innovative hospital indemnity benefits, and it’s clear
Read More
Good News | Updated 2021 Tax Deductible Limits Just Announced
Good News! New 2021 Tax Deductible Limits for LTCi Just Announced Increased tax deductible limits can be a significant benefit for those with tax-qualified long-term care insurance policies, according to the American Association for Long-Term Care Insurance. The following are the just-announced 2021 limits (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 ($1,630) More than 60 but not more than 70 $4,520 ($4,350) More than 70 $5,640 ($5,430) Click here for
Read More
Agents: Get Up to Speed with New Mutual of Omaha Training Videos!
November is LTC Awareness Month Get Agents Up to Speed with New Training Videos Learning about long-term care insurance is easy with a two-part series of short training videos. Start by focusing on why clients need LTCi. Then, move on to discover how policies in the MutualCare® Solutions portfolio can help meet the needs of any client. Part 1: Let’s Begin the Conversation Learn how LTCi helps people protect retirement assets, maintain their independence and control decisions about their care. Watch the Video Part 2: The MutualCare Solution Get details about our two stand-alone policies in the MutualCare Solutions
Read More
“Nursing home residents could start receiving COVID vaccines in about 2 weeks”
“Nursing home residents could start receiving COVID vaccines in about 2 weeks,” by Danielle Brown, McKnight’s LTC News Quote: “Nursing home residents could be just a little more than two weeks away from receiving the first doses of a COVID-19 vaccine, according to federal health officials.” LTC Comment: In other news, essential workers caring for nursing home residents will have even higher priority to receive the vaccine than their patients. Some are striking for better pay and conditions.
Read More
“89 percent of families with loved ones in long-term care facilities consider home care: survey”
“89 percent of families with loved ones in long-term care facilities consider home care: survey,” by Joe Jancsurak, McKnight’s Senior Living Quote: “Eighty-nine percent of families with loved ones living in nursing homes or assisted living communities who participated in a new survey said they have considered switching to in-home care due to the coronavirus pandemic. That’s just one finding from the Care.com COVID-19 Senior Care Survey of 1,000 U.S. adults with older loved ones receiving professional care.” LTC Comment: Hello, LTCI producers. Are you paying attention? The pandemic is doing what decades of Medicaid rebalancing couldn’t—waking up the public to the importance
Read More
GoldenCare Newsletter | November 23, 2020
Read Full GoldenCare Newsletter, November 23, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare: The GoldenCare Office will be closed Thurs, November 26th & Fri, November 27th for the Thanksgiving Holiday. PROMO TIME! Perfect Portfolio Sales Incentives Now through December 31, 2020 Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training. Stay up-to-date on the latest products and sales strategies. Check back for our next exciting promotion! Guest Article: “70 percent of long-term care claims begin with home care,” by Joe Jancsurak, McKnight’s Senior Living Enjoy! Compliance:
Read More
“How to Save Money on Assisted Living Costs”
“How to Save Money on Assisted Living Costs,” by Heidi Godman, U.S. News & World Report Quote: “Some people are able to knock down assisted living costs with contributions from Medicaid (if a facility accepts it), veterans benefits or long-term care insurance policies. And there other ways to save money on assisted living costs as well.” LTC Comment: Click through for ways to save money on assisted living. But the best way to save money remains to leverage against the risk and cost of LTC by means of private insurance. That’s the biggest bang for the buck if you end up needing
Read More
“Higher Medicare Premiums For 2021 Announced, Topping Out At $504.90”
“Higher Medicare Premiums For 2021 Announced, Topping Out At $504.90,” by Bob Carlson, Forbes Quote: “Medicare premiums and other costs will increase in 2021, the Centers for Medicare and Medicaid Services (CMS) recently announced. But the CMS reported earlier that premiums for the private sector version, Medicare Advantage plans, will decline for 2021. … The IRMAA rises as adjusted gross income increases. The maximum IRMAA in 2021 will be $356.40, bringing the total monthly cost for Part B to $504.90 for those in that bracket.” LTC Comment: OMG, IRMAAgod!
Read More
“CalPERS approves 90% price increase for long term care insurance plans”
“CalPERS approves 90% price increase for long term care insurance plans,” by Wes Venteicher, Sacramento Bee Quote: “CalPERS leaders approved a 90% premium increase for its long term care insurance plans Tuesday, seven years after the announcement of a similar increase spurred a lawsuit. The new rates will be introduced over two years, with a 52% hike coming in July 2021 and a 25% increase in July 2022, Chief Health Director Don Moulds told the California Public Employees’ Retirement System’s board Tuesday. Compounded, the rate of increase is 90% over the two years.” LTC Comment: Therein lies a lesson
Read More
“Where Are the Gray Panthers”
“Where Are the Gray Panthers,” by Steve Monroe, The Senior Care Investor Quote: “Where are the Gray Panthers when you need them? Many of you may not remember this 1970s activist group that got its start when someone really objected to forced retirement at 65. This was a full 50 years ago today. “As winter approaches and senior living providers prepare for another round of potential shutdowns, lockdowns, admission and tour bans because this pandemic is not going away, when will our senior citizens rise up and revolt? Senior living communities are ‘their’ homes, and it is about time
Read More