“Long-Term Care Planning Firm Sees Life-LTC Hybrid Prices Rising”

  “Long-Term Care Planning Firm Sees Life-LTC Hybrid Prices Rising,” by Allison Bell, ThinkAdvisor    Quote: “A long-term care (LTC) planning firm says it’s seeing signs that low interest rates are starting to affect prices for new life insurance policies that offer LTC benefits. Murray A. Gordon & Associates Long Term Care Planning (MAGA) of Bannockburn, Illinois, says one life-LTC hybrid issuer has warned it that prices on new life-LTC hybrids will go up about 8% to 10% in January.” LTC Comment: Well, maybe, but on the other hand, the Fed’s money-printing binge has caused equity portfolios and real estate
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Categories: Clippings and Industry News.

“Long-Term Care Planning Firm Sees Life-LTC Hybrid Prices Rising”

“BREAKING: HHS awards nursing homes $523M in COVID-19 performance payments,” by Danielle Brown, McKnight’s LTC News     Quote: “Federal authorities announced Monday that it will be distributing $523 million in the second round of performance payments. More than 9,000 nursing homes that have successfully reduced COVID-19 related infections and deaths between September and October will receive the payments. … “This half a billion dollars in incentive payments will reward nursing homes that have shown results in their tireless work to keep their residents safe from the virus,” [HHS Secretary Alex Azar] added.” LTC Comment: Ironically, rewarding success in this way is tantamount
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Categories: Clippings and Industry News.

“BREAKING: HHS awards nursing homes $523M in COVID-19 performance ”

“BREAKING: HHS awards nursing homes $523M in COVID-19 performance payments,” by Danielle Brown, McKnight’s LTC News     Quote: “Federal authorities announced Monday that it will be distributing $523 million in the second round of performance payments. More than 9,000 nursing homes that have successfully reduced COVID-19 related infections and deaths between September and October will receive the payments. … “This half a billion dollars in incentive payments will reward nursing homes that have shown results in their tireless work to keep their residents safe from the virus,” [HHS Secretary Alex Azar] added.” LTC Comment: Ironically, rewarding success in this way is tantamount
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Categories: Clippings and Industry News.

GoldenCare Newsletter | December 7, 2020

Read Full GoldenCare Newsletter, December 7, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare:     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: “Cost of Care: Trends & Insights” Genworth Enjoy!   Compliance: Updates to GoldenCare Contracting Made Easy Paperwork GoldenCare Agent Compliance Guide GoldenCare Agent Marketing Guide   Industry Updates: From Mutual of Omaha: December LTC Claims Webinar
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Categories: GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Thrivent, and Transamerica.

PROMO TIME | Still Time to Get Your Apps In and Earn Big in Q4

    Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare News #goldencareagent
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Mutual of Omaha (& Affiliates), and True Freedom.

You’re Invited | Feel Uncomfortable With Client LTCi Questions? Here’s The Solution!

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.     Join us for a Live Webinar to Learn More! Thurs, Dec. 10, 2020 2:00 PM  to  2:45 PM CST   For more info Visit IntegrityLTCDirect.com Download Referral Program Brochure           Questions or help registering? Call the GoldenCare Marketing Team
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Categories: GoldenCare News, Industry News, and Mutual of Omaha (& Affiliates).

“Cost of Care: Trends & Insights”

  “Cost of Care: Trends & Insights,” Genworth   Quote: “Since 2004, families across America have counted on us to help them understand the cost of care. Our research in 435 cities and towns across all 50 states has not only helped individuals plan for their own care but helped policymakers with forecasting and legislative reform. Over the years, we’ve tracked various trends that have come and gone but one thing hasn’t changed: long term care costs for nursing homes, assisted living facilities, and in-home care are higher than most people have planned for and only continue to rise.” LTC
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Categories: Clippings and Industry News.

“Genworth, China Oceanwide Push Deal Deadline Back”

“Genworth, China Oceanwide Push Deal Deadline Back,” by Allison Bell, ThinkAdvisor    Quote: “Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. today announced they have extended their merger negotiations agreement to Dec. 31. … China Oceanwide has been trying to acquire Genworth since October 2016. The companies said they now have received most of the regulatory approvals they need to consummate the $2.7 billion deal.” LTC Comment: Déjà vu all over again.  
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Categories: Clippings and Industry News.

“Medicaid is hemorrhaging $100B on Americans ineligible for the program”

“Medicaid is hemorrhaging $100B on Americans ineligible for the program,” by Brian Blase, New York Post   Quote: “The federal government’s improper Medicaid payments now exceed $100 billion a year. This means that more than one-in-four dollars flowing out of Medicaid — our nation’s third-largest government program — do not meet program rules. This staggering failure doesn’t just reduce health-care access for the truly eligible, it also harms taxpayers who fund it.” LTC Comment: This is an excellent piece by my co-author of “Nursing Homes, Coronavirus and Medicaid,” published June 1, 2020, in the Wall Street Journal. The problem of
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Categories: Clippings and Industry News.

Lumico Medicare Supplement Rate Adjustment (Oklahoma)

The following rate adjustments are effective January 1, 2021 for new and in-force business in Oklahoma. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Oklahoma 8.0% 3.0% 4.0% -5.0%   Please refer to the points below to determine which rates should be applied. Any application dated on or after December 1, 2020, requesting a policy effective date before January 1, 2021, will receive the current 1-1-20 rates. Any application dated on or after December 1, 2020 requesting a policy effective date of January 1, 2021 or after will receive the new 1-1-21 rates. Marketing Materials: For
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Categories: Industry News, Lumico, and Medicare Supp./Adv..