“To Help Others, One Couple Talks About Life With Early-Onset Alzheimer’s”

“To Help Others, One Couple Talks About Life With Early-Onset Alzheimer’s,” by Brian Mann, National Public Radio “Researchers say as many as 200,000 Americans experience Alzheimer’s younger than the typical age of 65, developing dementia-like symptoms in their 40s and 50s. . . . The Doolittles launched a podcast together called Alzheimer’s Chronicles. In their first broadcast in November, Will laid out the challenges that younger families experience with Alzheimer’s.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): I wonder how many young people and families will think about LTCI having read this article or heard
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Categories: Industry News and Long-Term Care.

“Why Tax Hospitals? It’s a Medicaid Shell Game”

“Why Tax Hospitals? It’s a Medicaid Shell Game,” by Red Jahncke, Wall Street Journal “Taxing hospitals sounds strange, especially since most are nonprofits. It also would seem to increase their costs and, thus, the cost of care—much of which, thanks to Medicaid, is borne by the state that levies the tax. Yet 42 states tax hospitals. Why? One answer is the perverse incentives built into the Medicaid law. When a state returns tax money to hospitals through Medicaid ‘supplemental payments,’ it qualifies for matching funds from Washington. . . . No wonder taxes on medical providers have both risen and
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Categories: Industry News and Long-Term Care.

“Rising Number Of Older Americans Carrying Debt Into Retirement”

“Rising Number Of Older Americans Carrying Debt Into Retirement,” by Jadah Riley, Financial Advisor “Between 2003 and 2015, debt among borrowers between the ages of 50 and 80 increased by roughly 60 percent, according to a 2016 study by the New York Federal Consumer Credit Panel. Student debt among retirement aged borrowers 65 and older swelled 385 percent between 2005 and 2015, while overall debt levels for the age group spiked from 2 billion to 22 billion in roughly the same time period, according to the Government Accountability Office (GAO).” LTC Comment (from Stephen A. Moses, President, Center for Long-Term
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Categories: Industry News and Long-Term Care.

Good News | LTCi Tax Flyers Updated For 2018

  LTCi Tax Flyers Updated For 2018 It’s a new year and it’s time to start thinking about taxes. Mutual of Omaha’s LTCi tax flyers have been updated with the 2018 tax amounts. Let your clients know buying a tax-qualified long-term care insurance policy may offer tax advantages. Also, if you have clients who are small business owners, there may be significant tax savings if they use business dollars to purchase long-term care insurance. For more information on the tax advantages of LTCi policies, review the following: For tax advantages for consumers, click here. For tax advantages for small business
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

LTCi Tax Flyer Updates

It’s a new year and it’s time to start thinking about taxes. The LTCi tax flyers have been updated with the 2018 tax amounts. Let your clients know buying a tax-qualified long-term care insurance policy may offer tax advantages. Also, if you have clients who are small business owners, there may be significant tax savings if they use business dollars to purchase long-term care insurance. For more information on the tax advantages of LTCi policies, review the following: For tax advantages for consumers, click here. For tax advantages for small business owners, click here. If you have any questions, please
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | December 29, 2017

In this GoldenCare Newsletter Edition From GoldenCare: The GoldenCare Office will be closed Monday, January 1st for New Year’s. Join us for complimentary product and sales training and receive a Continuing Education Voucher for each unique event!  Voucher does not apply in KY. SPECIAL:  We are honored to bring you one of the most influential and respected people in long-term care for this year’s Industry Updates 2017 Grand Finale, Steve Moses, President of the Center for Long-Term Care Reform! This is a must-see presentation that will not repeat! Reserve your seats for this special event now, Click Here. Our Guest Article in
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Transamerica, and United Security.

Seats Are Still Available For Our 2017 LTC Industry Updates Presentation

   Join us for an exciting Industry Updates presentation! Our discussion will be centered around the year’s most stunning changes, current LTCi industry events, how proposed changes to tax deductions could transform the industry, insight on the Genworth / Oceanwide transaction and the potential impact should regulatory approval be denied. GoldenCare is honored to bring you one of the most influential and respected people in long-term care, Steve Moses! He will be joining us as our special guest speaker for this presentation. Be sure to register – this is a ONE TIME EVENT, and these seats will be going quickly!
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Categories: GoldenCare News, Industry News, and Long-Term Care.

Regulation Update: Maryland

The Maryland Insurance Administration is requiring that all Long Term Care Insurance applicants in Maryland are provided with a LTCi Partnership Disclosure Notice at the time of application. This document is included with Maryland’s LTC Application & Forms in your Agent Portal. Please begin providing this form to LTCi applicants in Maryland. It is also required for producers to maintain records demonstrating that the required disclosure statement was provided to each LTCi applicant. Additional information can be found in the following Maryland Insurance Administration bulletin. You can also contact LifeSecure’s Agent Support team with any questions at 866-582-7701 or via
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Categories: Industry News, Life Secure, and Long-Term Care.

LifeSecure: Alert Regarding Rate Increases

Alert Regarding Rate Increases Earlier this year, the Delaware Department of Insurance was made aware that various members of the insurance industry have been responding to consumer inquires related to premium rate increases by claiming the Department of Insurance has required an insurer to raise premium rates. In response, the department released a bulletin to reiterate that it is unlawful for all persons and companies engaged in the aspect of insurance to make any assertion, representation or statement with respect to the business of insurance which is untrue, deceptive or misleading. Please refer to the bulletin above and Delaware Insurance
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Categories: Industry News, Life Secure, and Long-Term Care.

LifeSecure: LTCi Rate Increase Announcement

LTCi Rate Increase Announcement Based on our analysis, earlier this year we began seeking premium rate increases in certain states for our first generation Long Term Care Insurance business (policy series LS-0002 et al, issued prior to Feb. 3 2014). Agents with impacted clients will receive a notification via email once the rate increase receives state approval. We expect this process to be completed by the end of 2018. The notification timeline for agents and policyholders is as follows: Agents — at least five days prior to policyholder notifications Policyholders — at least 45 days before the rate increase effective
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Categories: Industry News, Life Secure, and Long-Term Care.