“Many Retirees Are Not Spending Down Their Accumulated Assets To Fund Their Retirement Needs”

“Many Retirees Are Not Spending Down Their Accumulated Assets To Fund Their Retirement Needs,” Advisor Magazine Quote: “New research by the Employee Benefit Research Institute (EBRI) finds that retirees are not spending down their accumulated assets to fund their retirement needs—even though the risk of large out-of-pocket health care costs may be modest. The EBRI Issue Brief, “Asset Decumulation or Asset Preservation? What Guides Retirement Spending?” shows that even when assets are plentiful or when there is guaranteed income available to ensure that retirees will not run out of money, rates of decumulation are low. … ‘The evidence shows that many
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Categories: Clippings, Industry News, and Long-Term Care.

“High-quality, short-term nursing stays lower risk of seniors entering long-term care”

“High-quality, short-term nursing stays lower risk of seniors entering long-term care,” by Kimberly Marselas, McKnight’s LTC News Quote: “Seniors who seek rehab at higher-rated short term nursing facilities are less likely to transition into long-term care facilities afterward, finds a study published online first in the Journal of the American Geriatrics Society. … Investigators found that a person’s risk of eventual placement in long-term care nursing homes varied, based on the facility where they received care. Staffing ratios and inspections were most closely associated with LTC placement rate.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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Categories: Clippings, Industry News, and Long-Term Care.

“Investors Should Still Be Skeptical About GE’s Long-Term Care Obligations”

“Investors Should Still Be Skeptical About GE’s Long-Term Care Obligations,” by Anders Keitz, The Street Quote: “General Electric Co.’s (GE – Get Report) finance unit, which is already planning to spend $15 billion over the next six years to bolster its legacy insurance portfolio, may have to add to that sum in future years, analysts said. Long-term care obligations still weigh on the Boston-based industrial conglomerate’s balance sheet, even though GE largely exited its insurance business more than a decade ago, under former CEO Jeff Immelt.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Drip, drip, drip. Investors
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Categories: Clippings, Industry News, and Long-Term Care.

“Thought Leaders Want Alzheimer’s At The Top Of G20 Agenda”

“Thought Leaders Want Alzheimer’s At The Top Of G20 Agenda,” by Robin Seaton Jefferson, Forbes Quote: “Thought leaders, researchers and scientists from around the world last week released a Consensus Statement and Research Framework that outlines the urgent need to adopt Aging and Dementia as a theme of the G20 Summit next year, and puts forward recommendations on what exactly they want to see done about the disease that is fast becoming a global crisis.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Oh good, a lot of politicians and bureaucrats talking about Alzheimer’s. That’ll surely find a
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Categories: Clippings, Industry News, and Long-Term Care.

New Business Amendment Enhancement

At Mutual of Omaha, we value your feedback on process improvement. As a result, the LTC New Business team has enhanced amendment processing on submitted applications. The following changes will go into effect on May 1, 2018. If your client’s application is missing information or has information that needs to be changed prior to issue, most changes can now be submitted via email or phone call. Application information submitted in this manner will require an amendment to be signed and dated by the client upon delivery of the policy. (Application changes submitted prior to policy issue will still be accepted
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Premium Payment Emails to Begin 10 Days Prior to Withdrawal Date

Effective May 1, 2018, premium payment reminder emails will be sent to all individual life and health policyholders approximately 10 days prior to the withdrawal date. Previously, this email was only sent to life customers who have registered on Customer Access. With this change, all individual life and health policyholders who pay their renewal premiums via automatic deduction and who have a deliverable email address in our records will receive this email. If you have any questions, please contact Mutual of Omaha’s Customer Service at 800-775-6000.   Premium Payment Emails to Begin 10 Days Prior to Withdrawal Date   #goldencareagent
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

New Dental Product Available in Kentucky

Effective April 27, 2018, you may begin selling our Mutual Dental PreferredSM and Mutual Dental ProtectionSM insurance policies with an optional vision care rider underwritten by Mutual of Omaha Insurance Company in Kentucky. While this product is positioned for individuals who are Medicare eligible, the issue age is 19 – 99 for these policies. For more information and to see rates view the Dental Insurance Product and Rate Guide. Appointment: If you are not already appointed for the Dental product, click here to add this product to your appointments. Dental e-App available April 27, 2018 For ease and convenience use
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Categories: Dental, Industry News, and Mutual of Omaha (& Affiliates).

New Medicare Cards are Coming

The Center for Medicaid and Medicare Services (CMS) began mailing new Medicare cards in April 2018 to individuals with Medicare. Cards will be mailed in phases based on geographic locations and other factors. All existing individuals with Medicare will have their card replaced by April 2019. All existing individuals with Medicare will have their card replaced by April 2019. Individuals can get information regarding these mailings by signing up at https://www.medicare.gov/newcard/ to receive emails about the status of cards mailing in their area. New Medicare cards are being sent in an effort to combat identity theft. The old Health Insurance
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Medicare Supplement News – Omaha Family of Companies

New Medicare Cards are Coming The Center for Medicaid and Medicare Services (CMS) began mailing new Medicare cards in April 2018 to individuals with Medicare. Cards will be mailed in phases based on geographic locations and other factors. All existing individuals with Medicare will have their card replaced by April 2019.   Upcoming Rate Adjustments View upcoming rate adjustments for IN, KY, NC and WV. •  2010 Modernized – KY •  1990 Standardized – IN, NC, and WV   #goldencareagent #mutualofomaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

U.S. Holiday Telephone Solicitation Bans for the Month of May 2018

Please be aware of the following U.S. holiday telephone solicitation bans for the month of May. On Friday, May 4, 2018: Rhode Island prohibits unsolicited marketing calls to residents in observance of Rhode Island Independence Day On Monday, May 28, 2018: Alabama, Louisiana, Mississippi, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of Memorial Day U.S. Holiday Telephone Solicitation Bans for the Month of May 2018   #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).