Inforce Long-Term Care Insurance Rate Adjustments Effective May 1, 2022

Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective May 1, 2022: Impacted Policy Forms Impacted States LTC04I Michigan, Nebraska LTC04G Michigan LTC04I7 Michigan, Nebraska LTC09M Michigan, Nebraska LTC06UI Michigan, Nebraska LTC09U Michigan, Nebraska LT50, NH50, HCA, NHA & LTA Alabama, South Carolina and Utah   For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process Policyholders will receive a letter notifying them at least
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Good News | Omaha’s 2021 Contributions to Strengthen & Support Community

Mutual of Omaha Foundation 2021 Community Investment Numbers Mutual of Omaha is proud to announce their 2021 Community Investment Numbers. Last year, Mutual of Omaha Foundation granted more than $5 million to 120 local nonprofit organizations. Operating with a mission to break the cycle of poverty and invest in projects that strengthen the Omaha metropolitan area, the organization provided grants that focused on basic needs, adult self-sufficiency and youth development. Click the link below to read more: Mutual of Omaha Foundation 2021 Community Investment Numbers If you are not yet contracted, get started now. If you’re already appointed through GoldenCare,
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

TODAY at 2 Central! Jeff Clark’s Medicare Selling Crash Course

Watch Jeff’s Invitation   GETTING STARTED IN MEDICARE Yes, this year’s Annual Enrollment Period is coming to an end, but over 10,000 Americans turn 65  EVERY DAY! Seize the opportunity by taking advantage of Open Enrollment as individuals age-in!   Wed, March 2, 2022 2:00 PM  to  2:45 PM CST         Questions or help registering? Call the GoldenCare 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  
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Categories: GoldenCare News, Industry News, and Medicare Supp./Adv..

“Illumifin to acquire LTCG to expand third-party administration capabilities”

“Illumifin to acquire LTCG to expand third-party administration capabilities,” by Ross Norton, GSA Business Report   Quote: “Illumifin, a Greenville-headquartered insurance third-party administration and software provider, has signed an agreement to acquire LTCG, a provider of administrative solutions and clinical services to the long-term care insurance industry. The transaction is expected to close within the next 60 days, according to a news release. … ‘Given our 25-year history as the leading partner for long-term care insurers and our deep customer relationships, the integrated company will allow us to build more strategic partnerships with our clients and help them enhance the customer experience
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Categories: Clippings and Industry News.

“Trappings of LTC system leave operators trapped”

“Trappings of LTC system leave operators trapped,” by Stephen A. Moses, McKnight’s LTC News   Quote: “Long-term care operators are trapped in a public financing system that pays too little, expects too much, rewards cronyism, discourages creativity, punishes profit making and disserves aging Americans. … In a free market, prices are set by supply and demand, not by government decree or pressure. So prices would reflect the kind, amount and quality of care options for which people are willing and able to pay. … Public assistance should be a last resort instead of the universal safety net its advocates demand
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Categories: Clippings and Industry News.

“The pandemic pummeled long-term care – it may not recover quickly, experts warn”

“The pandemic pummeled long-term care – it may not recover quickly, experts warn,” by Rhitu Chatterjee, NPR   Quote: “Nursing homes and other long term care facilities have lost a record number of residents and staff to COVID-19 – representing about a quarter of all COVID deaths in this country. Now, the industry is suffering through a historic staffing shortage, further exacerbated by omicron. Workers have quit in record numbers since the pandemic started. And during the worst of omicron many frontline staff had to stay home because of breakthrough infections. … Researchers are concerned the situation could have a lasting impact
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Categories: Clippings and Industry News.

“15 Most Expensive States for Long-Term Care: 2021”

“15 Most Expensive States for Long-Term Care: 2021,” by Michael S. Fischer, ThinkAdvisor   Quote: “The cost of long-term care services increased across all provider types in 2021 and increased more substantially in certain settings, according to Genworth’s annual cost-of-care survey, released last week.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Happy “Twosday,” 2/22/22. How interesting. Remember how all the experts tried to convince us that home and community-based care was so much cheaper than institutional, i.e. nursing home care? They pushed to rebalance Medicaid from nursing homes to home care to save money. Oops. Turns out, as
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Categories: Clippings and Industry News.