“Why a Pennsylvania insurer’s collapse could whack Californians in the wallet”

“Why a Pennsylvania insurer’s collapse could whack Californians in the wallet,” by Chad Terhune, Kaiser Health News “Among all the reasons for rising health insurance premiums, this one might be the most obscure: A long-term care insurer in Pennsylvania just went belly-up. Health insurers across the country are on the hook for hundreds of millions of dollars in losses stemming from the insolvency of Penn Treaty American Corp., of Allentown, Pa., and its two subsidiaries. . . . This is one of the largest insurance failures in U.S. history, said Joseph M. Belth, a professor emeritus of insurance at Indiana
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Categories: Industry News and Long-Term Care.

“Medicare Advantage Spends Less on Care, So Why Is It Costing So Much?”

“Medicare Advantage Spends Less on Care, So Why Is It Costing So Much?,” by Austin Frakt, New York Times “The Medicare Advantage program was supposed to save taxpayers money by allowing insurers to offer older Americans private alternatives to Medicare. The plans now cover 19 million people, a third of all those who qualify for Medicare. Enrollee satisfaction is generally high, and studies show that plans offer higher quality than traditional Medicare. But the government pays insurers more than they pay out for patient care — in some years, it turns out, a great deal more. . . . One
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Categories: Industry News and Long-Term Care.

Good News | Attention MI, SC and MO Med Supp Agents!

  New Medicare Supplement Plans Are Available In MI, SC and MO!   Effective August 5, 2017, new competitively priced Medicare supplement plans were made available: •  United World — Michigan & South Carolina    (Cash for Apps Promotion) •  Omaha Insurance Company — Missouri    (Cash for Apps Promotion) Special Incentive:  Click the links above for information on special Cash for Apps Promotions, taking place from August 5 – September 30, 2017! Besides the new low rates on the popular Plan F and G, these three states also offer Plans High Deductible F & Plan N, a 12% household discount, and Anniversary rating.
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, and Kemper.

GTL’s New Short-Term HHC Now in DC and PA!

Now available in DC and Pennsylvania! $150, $300 or $450 maximum daily benefit options! Prescription benefit year maximum of 300 or 600! Great cross-selling opportunity and complements our other great products! Policyholder Access to Ask Mayo Clinic Nurseline and Critical Illness Support Available on paper — e-App availability coming soon! HIP, Critical Accident, Dental/Vision and Ambulance riders available Available in the following states: Alabama, Alaska, Arkansas, Delaware, District of Columbia, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Utah, West Virginia & Wyoming — with more coming soon!
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Categories: Guarantee Trust Life, Industry News, and Short-Term Care.

“LTC worker shortage a ‘train wreck waiting to happen,’ expert says”

“LTC worker shortage a ‘train wreck waiting to happen,’ expert says,” by Alyssa Salela, McKnight’s LTC News “Low wages and a lack of respect for direct care workers is putting the long-term care industry on a dangerous path to worker shortages, a professor warned last week. . . . There will be a national shortage of 151,000 paid direct care workers and 3.8 million unpaid family caregivers by 2030, he said. That’s expected to increase consistently, with an estimated gap of 355,000 paid workers by 2040.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): What’s the
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Categories: Industry News and Long-Term Care.

“Insurers Think They’ve Found the Perfect Patients for Profits”

“Insurers Think They’ve Found the Perfect Patients for Profits,” by Zachary Tracer, Bloomberg “The turmoil around the Affordable Care Act has created heartburn for health insurers. The industry is betting that a different government program will soothe its ills. Big insurers have retreated from Obamacare’s individual market, where fighting over the future of the health law has contributed to financial losses. They’re focusing instead on Medicare Advantage, a politically popular program that’s being embraced by a growing population of older Americans.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): MA continues to emerge as a model
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Categories: Industry News and Long-Term Care.

“Reverse Mortgage: Yes or No?”

“Reverse Mortgage: Yes or No?,” by Kim Blanton, Squared Away Blog “The older people who either consider a reverse mortgage or actually get one don’t have much else to fall back on.  Their primary assets – outside of their homes – are a car worth no more than $7,000 and about $2,000 in a checking account. This was one salient fact unearthed about reverse mortgage users – or people who’ve looked into them – in a 2014-2015 survey led by Stephanie Moulton at Ohio State University. This supports a later study by Moulton that found that people who take out the
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Categories: Industry News and Long-Term Care.

“10 Tips for Children of Aging Parents”

“10 Tips for Children of Aging Parents,” by Marshall, Parker and Weber, LLC “Understand your parents’ strategy and options for long-term care. Statistics Methods of payment for long-term care Gifts Family Asset Protection Trust” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is what Medicaid planners are telling your prospects. 10 Tips for Children of Aging Parents #goldencareagent #medicaid
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Categories: Industry News and Long-Term Care.

CareOptions List Of Services

Now you can find out quickly and easily about each feature and benefit the CareOptions program offers your existing clients and prospects. Simply click the link below for a complete list of available resources – you won’t find most of these resources anywhere else. CareOptions is a valuable service with totally unbiased care resources and health care planning tools with no ads and nothing to buy. If your clients are already taking advantage of CareOptions, there is nothing to apply for – access to these unique services is already available at no charge. CareOptions provides everything from local costs of
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Categories: GoldenCare News and Industry News.