GoldenCare Newsletter | October 10, 2016 Edition

In this Edition This edition is jam packed with the latest announcements and news from all the Top Carriers! From GoldenCare:  Our full list of complimentary agent training events, attend a session on one of our popular topics. Our 3-in-1 Fourth Quarter Promotion has begun!   It’s the race to the finish line.   October 1st through December 31st.   See the newsletter for terms and conditions and get your Mutual of Omaha LTCi apps in for cash and a chance to win the grand prize – a 3 year lease on a brand new Ford Mustang! Our Guest Article is
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Life Insurance, Life Secure, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“Broken federal system threatens elderly patients’ safety,” by Amanda Eisenberg, Washington Post

“Nursing home operators and consumer advocates both agree on at least one point: The Medicaid system is overly cumbersome and too slow to provide benefits. This problem illustrates the regulatory and economic complexities of the nation’s long-term care system.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): One more reason to plan to pay privately and stay off Medicaid. Broken federal system threatens elderly patients’ safety #goldencareagent
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Categories: Industry News and Medicare Supp./Adv..

“The Two Mysteries of Medicare,” by Austin Frakt

“A growing proportion of Medicare beneficiaries are opting out of the government-run insurance program. They are instead choosing a private plan alternative, one of the Medicare Advantage plans. The strength of this trend defies predictions from the Congressional Budget Office, and nobody can fully explain it.  Here’s another mystery. Traditional Medicare spending growth has slowed, bucking historical trends and expectations. Though there are theories, we don’t fully know what’s causing that either.  Pinning down explanations for these two mysteries is important. Doing so could help us understand the structure and cost of Medicare in the future.  …  If Medicare Advantage
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Categories: Industry News and Medicare Supp./Adv..

“How The Senior Wave Will Reshape The Economy,” by Neil Howe, Forbes

“Even startup culture is gearing up for the senior boom—whether it’s meal delivery kits or Uber rides for seniors. And with more Boomers living independently, the demand for sharing-economy services is sure to grow. Envoy, for example, allows people to hire stay-at-home parents to do a wide array of everyday activities—from shopping to transportation to household chores. GreatCall (the company that sells Jitterbug phones) now gives customers the ability to press a single button to contact an operator who can hail a Lyft for them—no app required!” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): More
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Categories: Industry News and Medicare Supp./Adv..

“Avalere: Prescription Drug Plan Premiums to Rise, Medicare Advantage Premiums Stay Stable,” by Mary Ellen McIntire, Morning Consult

“Monthly premiums for enrollees on Medicare Part D prescription drug plans will see their premiums rise next year and have fewer policies to choose from, according to an analysis released Wednesday by Avalere Health.  Avalere found consumers of the 10 most popular standalone prescription drug plans will see their premiums increase by an average of 4 percent. The top 10 prescription drug plans cover 85 percent of all consumers enrollees in the plans.  The number of available prescription drug plans is also projected to fall by 23 percent, from 886 in 2016 to 678 in 2017. Even so, Avalere projects
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Categories: Industry News and Medicare Supp./Adv..

Holiday Telephone Solicitation Bans for October 2016

Please be aware of the following holiday requiring a holiday telephone solicitation ban for the month of October. On Monday, October 10, 2016: Alabama, Louisiana, Rhode Island and Utah prohibit unsolicited marketing calls to residents in observance of Columbus Day Holiday Telephone Solicitation Bans for October 2016 #goldencareagent #MutualOfOmaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

“Assisted living use is above average in 13 states,” by Lois A. Bowers, McKnight’s Senior Living

“Adults aged 85 or more years in 13 states used assisted living at a statistically significant higher rate than the national average in 2014, according to data recently released by the Centers for Disease Control and Prevention’s National Center for Health Statistics as a supplement to the 2014 National Study of Long-Term Care Providers.  The highest use occurred in states in the Northwest and Midwest.  Whereas the national rate (of residents aged 85 or more years living in an assisted living community or similar residential care community on any given day per 1,000 persons) was 62 in 2014, the rate
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Categories: Industry News and Long-Term Care.

“Would delay in a long-term care price hike for federal workers do any good?,” by Joe Davidson, Washington Post

“Placing a good portion of the blame for the cost increase on the Office of Personnel Management (OPM), three Democratic lawmakers expressed their ‘outrage over the dramatic premium increases,’ in a letter sent Friday to acting OPM director Beth Cobert. Reps. Chris Van Hollen (Md.), Gerald E. Connolly (Va.) and Don Beyer (Va.) signed the letter.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Answer to title question:  No!  Members of Congress who want to know who’s to blame for premium increases should look in the mirror.  They made LTCI (1) unmarketable by making Medicaid too
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Categories: Industry News and Long-Term Care.

Good News! | A Brand-New Solution For Aging Clients

Good News! A Brand-New Solution For Aging Clients Launched 9/20/16! Minnesota Life/Securian Life announced that their new CareShield™ product became available as of Tuesday last week! This provides both a simplified option for guaranteed premium life insurance protection and a solution for your clients’ future care needs! By combining a universal life insurance policy with built-in living benefits, clients may: Provide a tax-free death benefit to loved ones upon their death. Receive living benefits for chronic and terminal illness. Receive a premium refund if they elect to discontinue coverage after a specific number of years. Click Here for CareShield™ Product
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Categories: GoldenCare News, Industry News, and Life Insurance.

GoldenCare Newsletter | September 26, 2016 Edition

In this Edition From GoldenCare:   Our full list of complimentary agent training events, attend a session on one of our popular topics. Our 3-in-1 Third Quarter Promotion ends this Friday!   See the newsletter for terms and conditions and get your Mutual of Omaha LTCi apps in for cash and a chance to win the grand prize – a 3 year lease on a brand new Ford Mustang! Our Guest Article is “5 insider tips for finding affordable long-term care insurance,” by Barbara Marquand, USA Today.  Enjoy!   From Mutual of Omaha: Attention Minnesota agents – MoO’s NEW Cancer, Heart Attack
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, John Hancock, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).