“LTSS reform needed to ensure access to quality care, doctors’ group says”

  “LTSS reform needed to ensure access to quality care, doctors’ group says,” by Kimberly Bonvissuto, McKnight’s Senior Living Quote: “Specifically, the ACP recommended a multi-pronged, public-private sector approach to reforming LTSS financing. That approach, the group said, would include a publicly funded, universal LTSS insurance program as well as policies to make private long-term care insurance more affordable and home- and community-based services more accessible. The organization also called for workforce investments, including better wages and benefits, as well as career advancement opportunities. Funding, assistance and staff support to develop emergency preparedness plans also were recommended. … Previous recommendations
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Categories: Clippings and Industry News.

“Could a hybrid model be the solution to serving millions more older adults?”

  “Could a hybrid model be the solution to serving millions more older adults?,” by Kimberly Bonvissuto, McKnight’s Senior Living Quote: “A model of facility-based care that is a hybrid between an assisted living community and a nursing home could be the answer for millions of older adults who are not eligible for Medicaid and must pay out-of-pocket for care and services, according to one long-term care expert.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: So says Howard Gleckman, persistent advocate for more government LTC funding and interference. Ironically, it is precisely government LTC funding
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Categories: Clippings and Industry News.

Important Term Life Answers (TLA) Conversion Policy Changes

Mutual of Omaha allows term conversions to any product and rest assured, we will continue to offer this conversion option. One change that we are implementing is the way in which we compensate term conversions for TLA. After careful review, we have modified the compensation rates for TLA policies converted to one of our permanent policies: Now, term conversions years 2 through 9 will receive full new business first-year commissions payable — an increase to what is currently paid! For term conversions in years 10+, the year 2 renewal commission rate will apply Transition Rules These compensation changes are effective
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

All Thrivent LTCi solutions now at your fingertips

Our Materials-at-a-Glance one-pager has live links to the key consumer and producer pieces for both the traditional LTCi solution and CareForward. This piece will auto-update as pieces are revised. Download to your computer, and then click a link to open a document. Materials-at-a-Glance   #goldencareagent #thrivent #careforward
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Categories: Industry News, Linked Benefit/Hybrids, and Thrivent.

Inforce LTCi Rate Adjustments Effective October 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 October 1, 2022: Impacted Policy Forms Impacted States LTC04I Idaho, Maryland, New Hampshire, Texas LTC04I7 Idaho, Maryland, New Hampshire, Texas LTC09M Idaho, Maryland, New Hampshire, Texas LTC06UI Idaho, Maryland, New Hampshire, Texas LTC09U Idaho, Maryland, New Hampshire, Texas LTC04G Idaho, New Hampshire, Texas LT50, NH50, HCA, NHA & LTA Tennessee   For details on yearly rate adjustment percentages, view the supplemental
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Blueprint for Success: Our Medicare Solutions Options We have developed a video that provides a great overview about our Medicare Solutions portfolio and how we can help you become even more successful.   Don’t Forget to Get Qualified for the Trip to San Diego Time is runing out to get qualified for the San Diego trip happening in this fall.   Louisiana Open Enrollment Period New Open Enrollment period available in Louisiana starting August 2022.   New Medicare Supplement Plans in Indiana and Maryland Effective August 4, 2022, you may begin selling new Medicare supplement plans in Indiana
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Help Clients Understand Their IUL Express Allocation Options

The accumulation value within an Indexed Universal Life Express (IUL Express) policy earns interest at a rate that is calculated based on the performance of a market index. If you use the IUL Express Easy Solve, the 100% participation rate crediting strategy will be selected, but your clients also have additional crediting strategy options. Your clients can choose from three crediting strategies, all based on the performance of the S&P 500, as well as a fixed account. This allows them to tailor their policy based on how they believe the index will perform. Clients can choose to allocate all of
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

LTC Time Service Update

Mutual of Omaha would like to thank you for the business we have received, and continue to receive, due to your partnership! We are committed to keeping you updated on our service times. Our current time service levels are listed below. Please note that business days do not include weekends. Current Long-Term Care Service Levels: Application Entry: Within 3 business days New Business Review: Within 24 hours of receipt Pending Requirements Reviewed: Within 2 business days Approve to Issue Time: Within 2 business days Emails and Phone Calls Returned: Within 24 hours of receipt Tools to Help Here are some
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

NEW LTCi Claims Process Video

A long-term care triggering life event can be an emotional and stressful time for clients. Oftentimes, the agent of record is the first phone call an insured or a family member makes. Watch our claims process and best practices video to ensure you know what to expect.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   NEW LTCi Claims Process Video   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Upcoming Lumico Med Supp rate adjustment on 9/1

Upcoming rate adjustment for Med Supp Effective September 1, there will be a rate adjustment for our Med Supp policies in select states. For policies underwritten by Lumico Life Insurance Company: CO, IL, IN, MS and NC.* For policies underwritten by Elips Life Insurance Company: IN, MS, ND, SC and TN. There will be a 30 day cut-off period for applications written in these states, from 8/1 – 8/31/22: Applications signed and received on or after 8/1, with a requested effective date on or after 9/1, will be subject to the new rate. Applications signed and received on or before
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Categories: Industry News, Lumico, and Medicare Supp./Adv..