“Improper payments, bad data threaten access to long-term care, GAO health leader testifies”

“Improper payments, bad data threaten access to long-term care, GAO health leader testifies,” by Kimberly Marselas, McKnight’s LTC News Quote: “Despite efforts to reduce improper payments in Medicaid, they continue to increase — rising to about $37 billion in fiscal year 2017,  the Government Accounting Office’s healthcare director told members of Congress Thursday. ‘The Medicaid program alone accounted for 26.1 percent of the fiscal year 2017 government-wide improper payment estimate,’ Carolyn L. Yocom testified before the House subcommittees on Government Operations and Intergovernmental Affairs. ‘It is critical to take appropriate measures to reduce improper payments, as dollars wasted detract from
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Categories: Clippings, Industry News, and Long-Term Care.

“Breakthrough: Researchers fix Alzheimer’s gene”

“Breakthrough: Researchers fix Alzheimer’s gene,” by Ana Sandoiu, Medical News Today Quote: “Groundbreaking research shows, for the first time, how the most well-known genetic risk factor for Alzheimer’s disease causes signs in human brain cells. Also, the scientists managed to correct the gene and erase its harmful effects.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):  After so much heart-breaking news about Alzheimer’s research, it’s hard not to be dubious now. But hope springs eternal. Breakthrough: Researchers fix Alzheimer’s gene #alzheimer’s #goldencareagent
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Categories: Clippings, Industry News, and Long-Term Care.

“Is There Such A Thing As Normal Aging?”

“Is There Such A Thing As Normal Aging?,” by Bruce Horowitz, Kaiser Health News Quote: “Drawing on their decades of practice along with the latest medical data, Gill and three geriatric experts agreed to help identify examples of what are often — but not always – considered to be signposts of normal aging for folks who practice good health habits and get recommended preventive care.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):  If you’re older, read this article to see how you’re doing in comparison to others. If you’re younger, find out what you have
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Categories: Clippings, Industry News, and Long-Term Care.

Optimize Your Clients’ Benefits

Optimize Your Clients’ Benefits with Genworth’s Shared Coverage View case study   For couples, the Shared Benefit on our enhanced Privileged Choice® Flex 3 product offers a great way to optimize their benefits. With this optional benefit, couples can combine their benefits and either spouse or partner can access those benefits when they need them. Unique to Genworth, if one of the spouses or partners uses all of the benefits, the other one will have access to half of their coverage amount even though it was already used if they have a long term care need.   Check out this
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Categories: Genworth, Industry News, and Long-Term Care.

Discontinuing Payroll Allotment Option for Final Expense Products

Transamerica has determined payroll allotment will no longer be an option for Final Expense products due to market conditions, effective April 16, 2018. The Underwriting and New Business departments have deemed Final Expense products will no longer accept payroll allotment as a form of payment. Impacted products include: Immediate Solution (WL08) 10-Pay Solution (WL08) Easy Solution (WL09) Guaranteed Whole Life (GWL) Guaranteed Whole Life Final Expense (GWLFE) This includes payroll deductions, list bill, government allotments, and military allotments for Final Expense products. Policies in force with payroll deduction or list bill active will continue to collect premiums in that manner.
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Categories: Industry News, Life Insurance, and Transamerica.

New Vantage Now Available in OH – Effective 4/9/18

As of April 9, 2018, Sentinel Security Life is now offering New Vantage in Ohio! Click on the link below to download the application packet. You can also visit our Agent Portal to access any of the product forms and the Life & Health Premium Calculator.   New Vantage Application Packet – OH   Applications can be submitted either via a paper app or electronic application.   #goldencareagent #sentinel
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Categories: Industry News, Life Insurance, and Sentinel Security Life.

Reminder: Guidelines for Use of Premium and Benefit Comparison Software Programs

The following guidelines apply to all premium and benefit comparison software programs, including programs marketed by StrateCision and Vital LTC, and any agent/producer-prepared comparative data. All premium quotes and illustrations that include information about Genworth* must satisfy regulatory and Genworth requirements, including using certain disclosures and other required information. In addition, because many state insurance regulators require such materials to be filed and approved, Genworth’s position has been, and continues to be, that only Company-approved software can be used to generate Genworth quotes and illustrations prepared for consumers. Company-approved software for individual long-term care insurance (LTCI) is Quote It!. An
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Categories: Genworth, Industry News, and Long-Term Care.

Important Reminder: Guaranteed Life Product Changes 4/13/18

Gerber Life Insurance Product Announcement Important changes to Gerber Life’s Guaranteed Life Insurance Plan went into effect December 7, 2017. These product changes include: Updated applications and marketing material New premiums As a reminder, paper applications that do not contain the 1117 revision date, must be signed and received in the home office before April 13, 2018 to obtain the old rates.   Any outdated applications and/or incorrect premiums received after April 13, 2018 will be returned to the Agent. The Agent will be required to resubmit the business on the new application with the correct premium.   Marketing Material:
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Categories: Gerber Life, Industry News, and Life Insurance.

Good News | Now You Have More Ways To Earn Marketing Credits With Omaha

  Mutual of Omaha Marketing Credits – Like Cash In Your Pocket! Marketing Credits can already be earned for the LTCi and Medicare Supplement applications agents place with Mutual of Omaha and its Affiliates. Here’s where it gets even better: The program was recently enhanced to pay marketing credits on Critical Illness, Cancer, Heart Attack/Stroke, and Priority Income Protection® (Disability Income). It’s like cash in your pocket, able to be used for all kinds of business-building activies and merchandise. Introducing More Ways To Earn Marketing Credits Questions? Call our Marketing Team at 800-842-7799! Read Full Good News Article #goldencareagent #marketing
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Categories: GoldenCare News, Industry News, and Mutual of Omaha (& Affiliates).

“Kaiser Study: Nursing homes have fewer residents, but those residents need more help”

“Kaiser Study: Nursing homes have fewer residents, but those residents need more help,” by Kimberly Marselas, McKnight’s LTC News Quote: “Though occupancy rates fell between 2009 and 2016, the needs of nursing home residents have grown considerably — placing more demands on sometimes unprepared nursing staff, according to an in-depth analysis published by the Henry J. Kaiser Family Foundation. In 2016, nearly half of nursing home residents had a dementia diagnosis, and just under one-third had other psychiatric conditions such as schizophrenia, mood disorders or other diagnoses. … Medicaid is the primary payer source for most certified nursing facility residents,
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Categories: Clippings, Industry News, and Long-Term Care.