“What You Need to Know About Medicaid’s Personal Needs Allowance”

August 23, 2022 | by | Comments Off on “What You Need to Know About Medicaid’s Personal Needs Allowance”

“What You Need to Know About Medicaid’s Personal Needs Allowance,” ElderLawAnswers Quote: “Seniors who rely on Medicaid and live in nursing homes receive a personal needs allowance — a monthly stipend the Medicaid recipient can use to pay for needs that Medicaid does not cover. Medicaid restricts the amount of the allowance and how it is used. If recipients do not use all the money they received in a month, they may risk losing their coverage.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Generous government grants Medicaid recipients a monthly allowance? Hardly. Medicaid takes all
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Categories: Clippings and Industry News.

“Social Security: 3 Reasons Why Record COLA Increase in 2023 Could Backfire on Seniors”

August 23, 2022 | by | Comments Off on “Social Security: 3 Reasons Why Record COLA Increase in 2023 Could Backfire on Seniors”

“Social Security: 3 Reasons Why Record COLA Increase in 2023 Could Backfire on Seniors,” GOBankingRates Quote: “Seniors with additional income from interest, dividends, investments or earned income could have to pay taxes on their Social Security benefits for the first time. Seniors who are married, filing jointly, and earn more than $44,000 for the year could have to pay taxes on up to 85% of their benefits, according to the SSA. Those who earn between $32,000 and $44,000 may be taxed on up to 50% of their benefits. Individuals earning $25,000 to $34,000 may see 50% of their benefits taxed.
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Categories: Clippings and Industry News.

Important Update to Gerber Life’s Secure Email

August 22, 2022 | by | Comments Off on Important Update to Gerber Life’s Secure Email

Gerber Life Secure Email Update   In order to protect confidential and Personal Identifiable Information (PII), Gerber Life is in the process of updating our Secure Email system. Beginning August 24, 2022, Gerber Life Secure Email users will no longer have to register or login to Iron Port to use the secure email feature. Secure email will be available to all users simply by clicking the Secure Email Tab in the Agent Portal. A secure email window will appear, you can compose your email, and then select the “Send Secure” button. Secure Email is designed to pass confidential and PII
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Categories: Gerber Life, Industry News, and Life Insurance.
Tags: Gerber, Gerber Life Insurance Company, guaranteed issue, Guaranteed Life, Guaranteed Life Insurance, insurance, and Life Insurance.

Challenging times? Budget-friendly and easy to apply

August 22, 2022 | by | Comments Off on Challenging times? Budget-friendly and easy to apply

Here’s a big benefit for your clients during these challenging times: Gerber Life makes it easy to obtain budget friendly insurance coverage to protect their loved ones. Our guaranteed issue1 products offer an easy application process and fast approval, with no medical exam necessary. Plus, your clients can find comfort and confidence in knowing they’re prepared for the future with a financially strong company that’s been providing insurance to families for more than 50 years. Here are some highlights of Gerber Life’s guaranteed issue1 products: Gerber Life Guaranteed Life — a great way to help counter the effects of inflation
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Categories: Gerber Life, Industry News, and Life Insurance.
Tags: Gerber, Gerber Life Insurance Company, guaranteed issue, Guaranteed Life, Guaranteed Life Insurance, insurance, and Life Insurance.

Inforce LTCi Rate Adjustments Effective November 1, 2022

August 22, 2022 | by | Comments Off on Inforce LTCi Rate Adjustments Effective November 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 November 1, 2022: Impacted Policy Forms Impacted States LTC04G Mississippi, Wyoming LTC04I Mississippi, Washington, Wyoming LTC04I7 Mississippi, Washington, Wyoming LTC09M Mississippi, Washington, Wyoming LTC06UI Mississippi, Washington, Wyoming LTC09U Mississippi, Washington, Wyoming LT50, NH50, HCA, NHA & LTA North Carolina   For details on yearly rate adjustment percentages, view the supplemental grid here. Policyholder Notification Process Policyholders will receive a letter notifying
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: adjustment, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, Mutual of Omaha Insurance Company, omaha, premium adjustment, rate adjustment, and United of Omaha.

LTCi Advanced Markets Podcast

August 22, 2022 | by | Comments Off on LTCi Advanced Markets Podcast

Listen to the latest Advanced Markets Podcast to hear Stephen Alloy and Corri Campbell discuss the long-term care insurance industry, our cost of care tools, and how we may be entering enter the Golden Age of LTC. Listen now. View the Tools Discussed here: Rising Costs of Long-Term Care Services → LTCi Conversations → If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   LTCi Advanced Markets Podcast   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, insurance company, long-term, Long-Term Care, long-term care insurance, LTC, LTCi, Mutual, mutual of omaha, Mutual of Omaha Insurance Company, omaha, and policy.

Creating a Critical Advantage Cross-Sell

August 22, 2022 | by | Comments Off on Creating a Critical Advantage Cross-Sell

As you work with clients to create a custom life insurance solution, take advantage of the opportunity to position Mutual of Omaha’s Critical Advantage portfolio products. Learn how this portfolio acts as a complement to the client’s current coverage and how the products can help replace lost income, pay health insurance deductibles, and even cover the cost of household expenses. View the Offer Critical Advantage when Selling Life Insurance Sales Idea.   If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Creating a Critical Advantage Cross-Sell   #goldencareagent #mutualofomaha
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).
Tags: cancer, Cancer Heart Attack Stroke, CHS, CI, critical advantage, critical illness, heart attack, insurance, Lump Sum Cancer, mutual of omaha, omaha, and Underwriting'.

Four Truths about Long-Term Care

August 22, 2022 | by | Comments Off on Four Truths about Long-Term Care

Four Truths about Long-Term Care In August, we are focusing on helping you have better proactive long-term care discussions with your clients. The Four Truths of Long-Term Care flyer is a consumer approved piece to introduce clients to the need to create an extended care strategy. Give this piece to clients to open the door for a conversation about their future care needs. State specific versions of this piece can be downloaded or ordered from www.tfltcstore.com. Download ICC version     #goldencareagent #thrivent #ltc
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Categories: Industry News, Long-Term Care, and Thrivent.
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTC Partnership, LTCi, Thrivent, Thrivent Financial, and Thrivent Financial for Lutherans.

Just days remaining in our CareForward sales incentive

August 22, 2022 | by | Comments Off on Just days remaining in our CareForward sales incentive

Earn an additional $150 for each qualifying CareForward contract* For each Thrivent CareForward application submitted between 6/1/22 and 9/1/22, and where the policy is paid and in-force by 12/1/22 you can earn an extra $150 per life. There is no cap to this incentive. This promotion is limited to the CareForward product. Sales of Thrivent’s traditional LTCi policies will not qualify. CareForward contracts that replace an existing LTCi policy will be excluded. * See the incentive flyer for complete rules. Incentive Flyer   #goldencareagent #thrivent
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Categories: Industry News, Linked Benefit/Hybrids, and Thrivent.
Tags: CareForward, hybrid, insurance, linked benefit, Long-Term Care, long-term care insurance, LTC, LTC Benefits, LTC Partnership, LTCi, Partnership, Thrivent, Thrivent Financial, and Thrivent Financial for Lutherans.

Upcoming Lumico Med Supp rate adjustment on 10/1

August 22, 2022 | by | Comments Off on Upcoming Lumico Med Supp rate adjustment on 10/1

Upcoming rate adjustment for Med Supp Effective October 1, there will be a rate adjustment for our Med Supp policies underwritten by Lumico Life Insurance Company in Arkansas. Applications signed and received on or after 9/1, with a requested effective date on or after 10/1, will be subject to the new rate. Applications signed and received on or before 8/31, with a requested effective date on or after 10/1, will receive the current rate. Applications requesting an effective date prior to 10/1 will also continue to receive the current rate. NOTE: The rate adjustment on 10/1 applies to existing Med
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Categories: Industry News, Lumico, and Medicare Supp./Adv..
Tags: insurance, Lumico, Lumico Medigap Solutions, Med Supp, medicare, Medicare Supplement, Medigap, Medigap Solutions, supplemental coverage, and Swiss RE.