In-Force Rate Action Announcement: Alaska (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 19.2% premium increase in Alaska. 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.

“Global plan on dementia adopted by WHO,” Alzheimer’s Disease International

“The World Health Organization (WHO) has unanimously adopted a global plan on dementia at the 70th session of the World Health Assembly in Geneva. . . . The plan includes targets for the advancement of dementia awareness, risk reduction, diagnosis, care and treatment, support for care partners and research. . . . Dementia affects 50 million people worldwide – a number that will almost triple by 2050. More than half of all people with dementia live in low and middle income countries, where as few as 10% of individuals receive a diagnosis. In 2018, dementia will become a trillion-dollar disease.”
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Categories: Industry News and Long-Term Care.

Introducing the Marketing Solution Center

Stay in front of your agents with turnkey co-branded materials, tools and resources that promote our products on your behalf. It’s all on our Marketing Solution Center website. Start reaching out today with emails, banner ads, videos, etc. about our: Critical Advantage℠ portfolio’s cancer, heart attack/stroke insurance Medicare supplement insurance MutualCare® Solutions long-term care insurance Priority Income Protection® disability insurance Life insurance Before you begin, read this flyer for details and helpful ideas. Visit the Marketing Solution Center   #goldencareagent #mutualofomaha
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Medicare Supplement News – Omaha Family of Companies

Upcoming Rate Adjustments Please review upcoming rate adjustments in OH, ND, NV and TN. •  Modernized Rate Adjustment – OH supp/SELECT •  Modernized In-force Only Rate Adjustment – NV •  Standardized Rate Adjustment – TN, ND •  Plan N Rate Adjustment – NV 2017 Anniversary Rating To improve our customer experience, we have been migrating the administration of our rate increases to occur only on the policy anniversary. All new business sold in 2017 will be administered as anniversary rated. The rate increase on the anniversary will include both age steps and rate-up, if applicable.   #goldencareagent #mutualofomaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

GTL’s New Short-Term HHC Now in 4 More States!

Now available in Georgia, Kentucky, North Carolina & Tennessee! $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 our new e-App for Apple and Android now: App Store or Google Play HIP, Critical Accident, Dental/Vision and Ambulance riders available     PLEASE NOTE: You will have to go to Google Play or the App Store to update the e-App on your Apple or Android device.   Available in the following states:
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Categories: Guarantee Trust Life, Industry News, and Short-Term Care.

Your prospects are online. Why not enroll them online too?

You’ve downloaded the Ascend Virtual Sales Office app. Now it’s time to get started. With the Ascend app you can enroll MA/MAPD and PDP prospects electronically. With the app, you can: • Shorten the sales cycle • Eliminate paperwork and hold more appointments • Reduce application errors • Quickly access resources all in one place • Record your meetings and sales presentations   So you’ve downloaded the app. Now what? Here are few tools you can review to start using the Ascend app today: training video, Ascend to do list and the Aetna Ascend user guide. Still have questions about
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Categories: Aetna, Industry News, and Medicare Supp./Adv..

“Older Americans Want Medicare to Pay for Long-Term Care,” by Emily Swanson, U.S. News & World Report

“More than half of older Americans — 56 percent — think the federal government should devote a great deal or a lot of effort to helping people with the costs of long-term care, and another 30 percent think it should make a moderate effort to do so. . . . Most also favor tax policies to encourage long-term care planning, including tax breaks to encourage saving for long-term care and the ability to use nontaxable accounts like 401(k)s and IRAs to pay for long-term care insurance premiums. . . . Fifty-seven percent plan to rely on Medicare quite a bit
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Categories: Industry News and Long-Term Care.

“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

“U.S. adults aged 85 or more years are approximately three times as likely to need assistance with activities of daily living as are adults aged 75 to 84 and are six times as likely to require help as those aged 65 to 74, according to newly released data from the Centers for Disease Control and Prevention.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Key takeaway: boomers start turning 85 in 2031, about the time Social Security and Medicare run out of IOUs in their “trust funds.” Our window of opportunity to prepare for the age
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Categories: Industry News and Long-Term Care.

“Municipalities Grapple With Whether Nursing Homes Should Be Taxpayer-Funded,” by Jennifer Levitz, Wall Street Journal

“In these places, ‘residents want a nursing-home option for themselves in the future, and they’re willing to pay taxes to support that,’ he said. But government-owned and -run facilities often have deficits and have outdated institutional styles that don’t attract the wealthier private-pay customers that offset Medicaid patients, said Jeff Binder, managing director of Senior Living Investment Brokerage Inc. Medicaid payments also face uncertainty, with the new White House budget proposing heavy cuts to the federal-state health program for the poor.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Medicaid made nursing home care free in
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Categories: Industry News and Long-Term Care.

In-Force Rate Action Announcement: Wyoming (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 18.8% premium increase in Wyoming. 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.