GoldenCare Newsletter | July 22, 2024

  Read Full GoldenCare Newsletter,  July 22, 2024 Edition In this GoldenCare Newsletter Edition Webinars:       Plan Details & Advantages of Affinity by True Freedom Wed, July 24, 2024 10:00 AM  to  10:30 AM CDT   Live StrateCision Comparison Tool Demo   Thurs, July 11, 2024 2:00 PM  to  2:30 PM CDT GoldenCare’s new “Words.Of.Wisdom”  Register for the Next Wow Event: Thursday, August, 22 11 AM Eastern Short-Term Care Plan Design & e-App Tom Randall’s “Words.Of.Wisdom” webinar series offers expert sales strategies, product planning insights, and insider tips on various topics. Don’t miss this opportunity to enhance your
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Categories: Aetna, GoldenCare News, Industry News, Long-Term Care, Manhattan Life, Medicare Supp./Adv., Mutual of Omaha (& Affiliates), National Guardian Life, OmniFlex, Short-Term Care, and Thrivent.

Good News: Our Next GoldenCare Rewards Drop Is Coming Soon!

Our Next GoldenCare Rewards Drop Is Coming Soon! Our GoldenCare Rewards Program awards points for qualifying STC insurance business. In addition, Reward Codes are now being delivered quarterly, with one code containing all Points earned during the previous quarter. Our Rewards Drop for Q2 business will be taking place early next week. Be on the lookout for an email containing your GoldenCare Reward Code! What Are GoldenCare Rewards?     Questions? Call our Marketing Team at 800-842-7799!  
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Categories: GoldenCare News and Industry News.

You’re Invited! Offer Exclusive Affinity Plans and Rates to Your Clients

  Affinity plans were recently launched to offer more flexibility and options than ever before! Rest assured with eligibility because there is no medical underwriting, no issues ages and it is available in all 50 states! Register Now To Reserve Your Space! Click below to register: Wed, July 24, 2024 10:00 a.m. Central   Add this easy-to-sell product to your portfolio today!
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Categories: GoldenCare News, Industry News, and True Freedom.

“LTSS increasingly expensive, with fewer guardrails and more demand to come: new KFF analysis”

  “LTSS increasingly expensive, with fewer guardrails and more demand to come: new KFF analysis,” by Josh Henreckson, McKnights LTC News “Increasingly expensive long-term services and supports should prompt serious questions about how to meet the needs of the aging US population, say the authors of a new KFF report on senior care trends. Monday’s report from the health policy research group highlighted rising costs across the senior care spectrum that already far outstrip the incomes and savings of vulnerable older adults. … Making matters worse, the report showed the ineffectiveness of existing safety nets such as long-term care insurance and
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Categories: Clippings and Industry News.

“Genworth Unit Moves to File New Long-Term Care Policy”

  “Genworth Unit Moves to File New Long-Term Care Policy,” by Allison Bell, ThinkAdvisor “The stand-alone long-term care insurance business has been through hard times. Genworth’s CareScout LTC provider network now has relationships with 400 home care organizations. The new CareScout Insurance LTCI policies would provide a maximum of $250,000 in benefits.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: LTCI on the rebound. Subscribe to GoldenCare News  
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Categories: Clippings and Industry News.

“Who is eligible for both Medicare and Medicaid?”

  “Who is eligible for both Medicare and Medicaid?,” by Margie Zabel Fisher, Fortune “Income limits for full Medicaid vary both across and within states. Most commonly, they are based on Supplemental Social Security Income (SSI), which limits people to $943 per month in income and up to $2,000 in savings and other financial assets.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: This is literally true, but it almost never applies. In reality, income is unlimited if medical or LTC expenses are high enough. Nor are assets limited because most large assets are exempt and any countable assets are
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Categories: Clippings and Industry News.

“CDC report: Cognitive disability tops list of disabilities in US adults”

  “CDC report: Cognitive disability tops list of disabilities in US adults,” by Donna Shryer, McKnights LTC News “Cognitive disability emerged as the most prevalent disability in the United States in 2022, affecting 13.9% of adults. This is according to the Centers for Disease Control and Prevention’s annual update to the Disability and Health Data System (DHDS) released last week. On a broader level, more than 1 in 4 adults in the United States, totaling more than 70 million people, reported having a disability in 2022, DHDS said.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Ominous.
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Categories: Clippings and Industry News.

“My Dad Was Diagnosed With Dementia. Medicare’s 7-Word Response Baffled Me”

  “My Dad Was Diagnosed With Dementia. Medicare’s 7-Word Response Baffled Me,” by Kate Ferranti, HuffPost “‘If your parents were poor, I would say don’t worry about this. And if your parents had 2 to 3 million in their IRA accounts, I would say don’t worry about this. But your parents are middle-class, and in this case, that’s a problem.’ An elder care lawyer said this to me when my father was diagnosed with Lewy body dementia. … ‘We don’t consider dementia a medical issue,’ a Medicare rep told me, to my great disbelief. But my dad’s brain — which can no
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Categories: Clippings and Industry News.

“Home care spending outpaces nursing home spending ‘by”

  “Home care spending outpaces nursing home spending ‘by far’,” by Kathleen Steele Gaivin, McKnights Senior Living “Spending on healthcare goods and services grew by 8.3% between May 2023 and May 2024, according to the latest monthly Health Sector Economics brief from Altarum, released Thursday. ‘Spending on home healthcare showed the fastest growth by far among major categories, at 22.6% year over year. Nursing home care spending was a distant second, at 9.5% year-over-year growth,’ George Miller, Altarum fellow and senior researcher, told the McKnight’s Business Daily on Thursday.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Nearly all that home
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Categories: Clippings and Industry News.

“Genworth launches first LTC insurance plan in 5 years as Washington state residents consider ‘crazy’ plan that could end mandatory program”

  “Genworth launches first LTC insurance plan in 5 years as Washington state residents consider ‘crazy’ plan that could end mandatory program,” by Kathleen Steele Gaivin, McKnights Senior Living “The one-year anniversary of the effective date of Washington’s first-in-the nation mandatory, tax-based long-term care insurance program passed on July 1, but voters will have the opportunity to make the program voluntary come November. … ‘It would be crazy to kill it,’ [economist Alicia H. Munnell, director of the Center for Retirement Research at Boston College] said. … Meanwhile, private companies are beefing up efforts to provide long-term care insurance plans. Genworth Financial, for example,
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Categories: Clippings and Industry News.