COVID-19 and underwriting guidelines

COVID-19 and underwriting guidelines We reevaluated and adjusted our underwriting guidelines for applicants who have had a negative COVID-19 test. The current guidelines are: If a test is taken: There will be no waiting period for negative testing scenarios such as work, travel, visiting family or testing in advance of an elective surgery (colonoscopy, etc.). There will be a one month waiting period for a negative test result on an applicant with symptoms or direct exposure to another person who was positive. A positive test is a 6 month waiting period after a full recovery to assess any residuals. These
Read More

Categories: COVID-19, Industry News, Long-Term Care, and National Guardian Life.

Thrivent LTC: COVID-19 Underwriting Update

Long Term Care: COVID-19 Underwriting Update Effective 12/8/20: Applicants ages 18-60 who are positive for COVID with no hospitalization, fully recovered and are symptom free for 30 days can be considered for coverage. Applicants ages 61-69 who are positive for COVID with no hospitalization, fully recovered and are symptom free for 60 days can be considered for coverage. If the applicant has not met the 60 day requirement but has a physician’s statement noting they have been seen and are fully recovered can be considered for coverage. Applicants age 70 & up who are positive for COVID with no hospitalization,
Read More

Categories: COVID-19, Industry News, Long-Term Care, and Thrivent.

Care Solutions News

Product News Annuity Care and Annuity Care II updates launching Nov. 21 We’re making updates to the Continuation of Benefits options on our Annuity Care and Annuity Care II products starting Nov. 21. Review the key details, including transition rules, states where changes apply and more. Attention California producers: Regulatory requirement impacting Asset-Care IV effective Oct. 24 Due to a change in calculation requirements under the non-forfeiture regulations, there will be a small impact to values illustrated prior to Oct. 24 and how the policy is issued for Asset-Care IV only. The result will be a slight increase in surrender
Read More

Categories: COVID-19, Industry News, Linked Benefit/Hybrids, and OneAmerica.

“Was COVID-19 Really the Killer?”

“Was COVID-19 Really the Killer?,” by Ed Susman, MedPageToday Quote: “As deaths attributed to the COVID-19 pandemic soar above 200,000, physicians and medical examiners have to decide whether decedents with positive SARS-CoV-2 tests died from COVID-19 or merely ‘with’ it — with autopsies providing the only sure answer. At a press conference at the 2020 virtual meeting of the College of American Pathologists (CAP), specialists noted that while autopsies – the gold standard for cause of death – can’t be performed on everyone, national totals for COVID-19 deaths probably come close to an accurate count.”   LTC Comment:   For more on
Read More

Categories: Clippings, COVID-19, and Industry News.

Important Life Underwriting Update

Throughout the pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a high level of service and maintain our financial strength. As a result, we will be expanding the cases we will accept beginning Thursday, October 1, 2020. The following guidelines will apply to all fully-underwritten life insurance cases. This includes any newly submitted and pending in-house cases, whether formal or informal. Please note, the guidelines below are temporary. International Travel Guidelines All All fully-underwritten life insurance cases where the proposed insured plans to travel or has traveled internationally to
Read More

Categories: COVID-19, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

“Extreme confusion most common Covid-19 symptom in frail older adults, new research discovers”

“Extreme confusion most common Covid-19 symptom in frail older adults, new research discovers,” by Ciara O’Loughlin, Independent Quote: “Extreme confusion or ‘delirium’ is more common than any other Covid-19 symptom in frail older adults, a new study has revealed. … Out of the hospital patients they studied almost one-fifth had confusion as the only presenting feature of the disease. Data from more than 800 people over the age of 65 were analysed, which included 322 patients in hospital with Covid-19 and 535 people at home with a positive result using an app on behalf of friends and family. … Possible
Read More

Categories: Clippings, COVID-19, and Industry News.

“Can You Pass the New York State COVID-19 Death Risk Test?”

“Can You Pass the New York State COVID-19 Death Risk Test?,” by Allison Bell,ThinkAdvisor Quote: “The New York State Office for the Aging is using the power of the online quiz to try to help people reduce their risk of dying from COVID-19. The agency has joined with the Association of Aging in New York and BellAge, a New York-based aging tech firm, to offer consumers a free, no-signup CV19 CheckUp assessment tool. The quiz includes questions about matters such as age, lifestyle and social distancing habits. The system then spits out four graphics. One graphic rates how well the
Read More

Categories: Clippings, COVID-19, GoldenCare News, and Industry News.

“Vitamin D deficiency may nearly double coronavirus risk, study finds”

“Vitamin D deficiency may nearly double coronavirus risk, study finds,” by Kimberly Marselas, McKnight’s LTC News Quote: “Low vitamin D levels may increase risk for coronavirus, according to a new study from medical and social science researchers at the University of Chicago. … ‘Since African American and Hispanic populations in the U.S. have both high rates of vitamin D deficiency and bear a disproportionate burden of morbidity and mortality from COVID-19, they may be particularly important populations to engage in studies of whether vitamin D can reduce the incidence and burden of COVID-19,’ the researchers wrote.”     LTC Comment
Read More

Categories: Clippings, COVID-19, and Industry News.

“Key Questions About the Impact of Coronavirus on Long-Term Care Facilities Over Time”

“Key Questions About the Impact of Coronavirus on Long-Term Care Facilities Over Time,” by Priya Chidambaram, Kaiser Family Foundation Quote: “Long-term care (LTC) facilities have experienced a disproportionate share of deaths during the COVID-19 pandemic. The most recently available data show long-term care facilities making up 8% of all coronavirus cases, but more than 40% of all COVID-19 deaths. This analysis evaluates trends of long-term care cases and deaths between April and August 2020 to evaluate where and when the pandemic has hit long-term care facilities the hardest, how the share of cases and deaths attributed to long-term care facilities has changed
Read More

Categories: Clippings, COVID-19, and Industry News.

“COVID-19 shifts mindset of family caregivers about senior living decisions”

“COVID-19 shifts mindset of family caregivers about senior living decisions,” by Kimberly Bonvissuto, McKnight’s Senior Living Quote: “Research from Toledo, OH-based Transcend Strategy Group reveals family caregivers’ opinions about how to best care for older adults changed due to COVID-19, with facility-based care suffering a blow in consumer confidence. The research assessed the effects of the global pandemic on the impressions of a variety of care settings from 1,000 family healthcare decision makers across the country, 23% of whom indicated they have a loved one who resides in an assisted living community. Among family caregivers surveyed, 65% said COVID-19 has completely changed
Read More

Categories: Clippings, COVID-19, and Industry News.