“LTCG Introduces the 14th Edition of Its LTC Underwriting Standards,” LTCG

“LTCG, the recognized leader in business processing outsourcing for long term care insurance, has announced the release of its Guide to Long Term Care Insurance Underwriting, considered the gold standard in the industry today. The 14th edition of this manual includes new standards based on the latest medical research, ongoing analysis of LTCG’s extensive underwriting and claims experience, and the introduction of new medical therapies. LTCG’s staff of risk management experts and several outside clinicians are on the development team.” LTC Comment (from Stephen A. Moses, Administrative Coordinator, Center for Long-Term Care Reform): Congratulations to Center corporate member LTCG for
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Categories: Industry News and Long-Term Care.

Minnesota Agents: LIVE On-Location Sales Workshops

Attention: Minnesota Agents You Are Cordially Invited To Attend Our Dynamic Sales Training Workshop Coming To Your Area! Presented by National Marketing Director, Tom Randall, and Regional Director, Jenn Felten. DYNAMIC SALES TRAINING WORKSHOPS 9:00 a.m. to 12:00 p.m. Registration Begins At 8:30 a.m. To Enroll, Call 800-842-7799 or Click Here to complete the online registration form. Topics to be discussed: • Quick Overview of Industry Updates – What’s Going  On In The LTC Market?! • In-Depth Product Training – Review Of Products That Make Up A Perfect Portfolio • Sales Techniques & Strategies – For Continued Success in 2017
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“This is what Alzheimer’s looks like: ‘It looks like me’” by Judy Woodruff, PBS NewsHour

“Now to another in our Brief But Spectacular series, where we ask people to describe their passions. Five-and-a-half million Americans are living with Alzheimer’s disease, and another 15 million serve as their unpaid caregivers. Tonight, two individuals diagnosed with Alzheimer’s, Chris Hannafan and Pam Montana, share their experiences.”” LTC Comment (from Damon V. Moses, Administrative Coordinator, Center for Long-Term Care Reform): “Brief but spectacular,” indeed. Watch the short video or read the transcript. This is what Alzheimer’s looks like: ‘It looks like me’ #goldencareagent #neurology
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Categories: Industry News and Long-Term Care.

“The Link Between Falls And Brain Activity,” by Angie Szumlinski, Provider

“A study recently published in the December issue of Neurology finds that people whose brains work the hardest when they try to walk and talk at the same time may have a higher risk of falling in the future than those who can do both with ease. The ability to multi-task is directly related to what is considered ‘executive function’ and/or ‘dual-task performance.’ What makes this truly exciting is that it appears to be the first study to link brain activity changes that precede behavioral changes to risk of falls.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term
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Categories: Industry News and Long-Term Care.

“Myth-Busting Medicare for Long Term Care Skilled Services,” by Elizabeth McLaren, Provider

“The guidelines for Medicare are lengthy and complex. Yet, understanding the inner workings of the Medicare program is necessary for providers to guide patients and their families through the maze of long term/post-acute care coverage. With any program, especially one that has been in existence for more than 50 years, it’s common for myths to develop over time. Below are eight Medicare myths and truths to keep in mind while navigating coverage for long term care skilled services.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Central planning especially with Medicare-style regulatory micro-management leads to great
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Categories: Industry News and Long-Term Care.

GoldenCare Newsletter | June 6, 2017 Edition

In this GoldenCare Newsletter Edition From GoldenCare: Join us for brand new webinar topics including a brand new short-term Home Health Care product and special guest speakers. See our full list of hot topics. PROMO TIME!!   Get in on our Sizzling Summer Promo, June 1 – August 31st.  See the Newsletter for details on this exciting new promotion. Our Guest Article in this edition is “CDC: Those 85+ are six times as likely to need ADL help than those aged 65 to 74,” by Lois A. Bowers, McKnight’s Senior Living.   Enjoy! Industry Updates: Mutual of Omaha has been conducting significant
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Categories: Genworth, GoldenCare News, Industry News, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Advantages of Traditional LTCi

Seventy percent of people turning age 65 can expect to use some form of long-term care during their lifetime, according to ltc.gov. Some of the advantages of a traditional Mutual of Omaha LTCi policy include: ♦   The least expensive way to fund long-term care services, providing strong value to the customer ♦   Flexible policies that can provide coverage during the progression of care ♦   Policies that are qualified for various states’ Partnership programs ♦   Helps prevent having to liquidate assets to pay for care Consumers today have more choices than ever before when it comes to
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Our Repriced TLA Rates Will Take You to New Places

Effective June 1, 2017, we repriced Term Life Answers to help you outdistance the competition. Here’s where we win the sale: • Preferred Plus risk classes • Males and Females ages 35-50; AGE LAST BIRTHDAY • Term Life Answers 10-year and 20-year • Face amount bands of $250,000 and $500,000+ Here’s how we’re your #1 Carrier for Life: • Top Accelerated Death Benefit for Terminal Illness rider features up to $1,000,000 • Leading conversion opportunities prior to age 75 • Competitive Fit underwriting credits to keep your clients at Standard up to age 75 Quoting Tools All major quoting tools
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

In-Force Rate Action Announcement: Montana (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. In September 2013, we began to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequently, we received approval for, and implemented, a 12.8% premium increase in Montana. At the time, a larger increase was justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In 2016, we began requesting the
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Categories: Genworth, Industry News, and Long-Term Care.