Reminder, effective Monday, January 1, 2024, the sale of the Critical Advantage portfolio will be discontinued in the state of New Mexico. Effective Date January 1, 2024 Impacted States New Mexico Transition Rules Critical Advantage applications in New Mexico must be signed by the customer and received in the home office by December 22, 2023. Any applications signed or received after December 22, 2023 (regardless of date received) will not be accepted. We will not make any exceptions to these dates. Applications for Critical Advantage in NM must be signed on or before and received in the home office by
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Inforce LTCi Rate Adjustments Effective March 1, 2024
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 March 1, 2024 impacting the states of Georgia, Alabama and Delaware. Policy Forms Impacted – Georgia & Alabama LTC04G, LTC0417, LTC04I, LTC06UI, LTC09M, LTC09U Policy Forms Impacted – Delaware LTC06UI For details on yearly rate adjustment percentages, view the supplemental grid. Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate
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Med Supp Withdrawn In 9 States Effective 1-1-24
Med Supp Withdrawn In 9 States Effective 1-1-24 Effective January 1, 2024, acceptance of new Med Supp applications in the following states will be discontinued: Lumico States — NV and WY ELIPS States — IA, IL, MD, MO, NE, OK and SD Here’s what you need to know: Effective 1/1/24, we will no longer accept applications in the above states. Any apps started in our e-App must be submitted by 12/31/23, or they will expire on 1/1/24. Paper applications received on or after 1/1/24 will be returned. Applicants may request an effective date that is after 1/1/24, so long as:
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GTL’s End of the Year Insider
Short on time? Podcasts under 10 minutes! Earlier this year we introduced a mini podcast series designed specifically for busy agents like you! Tune in to GTL’s Quick Cast episodes for 5-10 minutes of training, sales tips, product information, interviews and more. Access all episodes from the e-App or Agent Portal home screen. TUNE IN TO GTL QUICKCAST HERE New Mexico Product Updates: The New Mexico Department of Insurance has made significant changes to the minimum standards for supplemental health insurance products which will take effect on January 1, 2024. Until further notice, we are unable to accept
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