GoldenCare Newsletter | December 5, 2016 Edition

From GoldenCare: We’ve added exciting new products and new carriers.   Take a few minutes and update your contracts.  It’s fast and easy! Join us for product training and if you haven’t already received your copy of LTCCEO Office, Home and Internet Selling Tools, find out how to get yours free! The winners of our 2nd Quarter 3-in-1 Promotion Bonus Cash Drawing have been announced!   See the winners in the Newsletter and get your apps in to finish off the year with a Cash Bonus, see the Newsletter for promo details.   Happy Selling! It’s that time again! Ring in 2017 with
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Good News | GoldenCare’s Winners of the 3-in-1 Promotion’s Bonus Cash Drawing (2nd Quarter)

  Announcing GoldenCare’s Winners of the 3-in-1 Promotion‘s Bonus Cash Drawing (2nd Quarter) All of GoldenCare’s Mutual of Omaha Custom Solution LTCi business submitted during the second quarter of our 3-in-1 Promotion  has been finalized! We are pleased to announce the GoldenCare winners of the Bonus Cash Drawing for the 2nd Quarter of 2016. (The Bonus Cash Drawing includes 20 prizes, totaling $5,000.) The winners are: $1,000 (1 winner) • Paul W. – IN   $500 (three winners, one from GoldenCare territory) • Cliff M. – WI   $250 (six winners, three from GoldenCare territory) • Sam R. – TN
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

December Holiday Solicitation Bans

Please be aware of the following holidays requiring a U.S. holiday telephone solicitation ban for the month of December. On Friday, December 23, 2016: Louisiana prohibits unsolicited marketing calls to residents in observance of a Governor-declared holiday On Sunday, December 25, 2016: Alabama, Louisiana, Mississippi, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of Christmas; however, each state already prohibits solicitations on Sundays On Monday, December 26, 2016: Alabama, Louisiana, Mississippi, Rhode Island, and Utah prohibit unsolicited marketing calls to residents in observance of Christmas (observed) December Holiday Solicitation Bans #goldencareagent #MutualOfOmaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

“Federal workers cling to long-term care insurance,” by Allison Bell, LifeHealthPRO

“About 172,000 of the affected enrollees made active decisions about their long-term care insurance benefits by the Sept. 30 decision deadline. About 96,000, or 56 percent, chose to keep their monthly premiums the same by accepting a lower level of long-term care insurance coverage. Another 40 percent agreed to pay higher premiums to keep their long-term care insurance coverage the same. Just 3.3 percent chose to stop paying premiums for long-term care insurance coverage. Many of those enrollees still have some coverage from the long-term care insurance program, because they received paid-up ‘nonforfeiture’ coverage when they decided to stop paying
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Categories: Industry News and Long-Term Care.

“Genworth’s CEO On The Future Of Long-Term Care Insurance, Public Coverage, And Going Private,” by Howard Gleckman, Forbes

“Genworth, the biggest seller of long-term care insurance policies in the US, has announced it will be acquired by a Chinese investor, China Oceanwide Holdings. I spoke with Genworth CEO Tom McInerney about the deal, the future of long-term care insurance, and the role of government in covering true catastrophic risk. Here is an edited version of our conversation.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Read this uncommonly candid interview with the Genworth CEO ironically conducted by one of the leading advocates for public policies that would destroy the private LTC insurance business.  Thankfully,
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Categories: Genworth, Industry News, and Long-Term Care.

“The politics of why long-term care leaders are smiling,” by James M. Berklan, McKnight’s LTC News

“Sometimes when things go wrong, they’re right. Oh, so right. That’s the position long-term care professionals now find themselves in — or at least hope they do.  Heading into the Nov. 8 elections, long-term care lobbyists were preparing for an entirely different script from the one they’re now holding. Republicans swept the White House and BOTH chambers of Congress, to the surprise of even the most political of wonks.  Like a kid who had found extra presents under the Christmas tree, the American Health Care Association’s lead lobbyist, Clifton J. Porter II, said perspectives changed overnight.” LTC Comment (from Stephen
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Categories: Industry News and Long-Term Care.

“A long-term care plan for clients who have failed to plan,” by Chris Orestis, LifeHealthPRO

“Fortunately, solutions are available to help those who failed to plan. A fast-growing area of long-term care planning is ‘crisis management.’  Strategies are available for financial and legal advisors to help families pay for the costs of long-term care. Among them: settling life insurance policy death benefits into a structured vehicle that will pay for the costs of senior retirement living and long-term care.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Hopefully, more people will choose this option than the far-more-common method of “crisis management” promoted by Medicaid planners:  shelter or divest and let welfare
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Categories: Industry News and Long-Term Care.

“3 Dumb Medicare Advantage Moves,” by Selena Maranjian, Fox Business

“It’s smart to start learning and thinking about Medicare before it’s time to sign up for it, so that you make the decisions that best suit your needs. For many people, one savvy decision is choosing a Medicare Advantage plan instead of the traditional Medicare package. But even with Medicare Advantage plans, for best results you need to know what you’re doing. Here are three dumb Medicare Advantage moves to avoid.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Advocates for traditional Medicare and marketers of Medi-Gap policies may have a different opinion. 3 Dumb Medicare
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Categories: Industry News and Medicare Supp./Adv..

“The Perils of Too Much Relaxation in Assisted Living,” by Margaret Danilovich, Next Avenue

“You wake up and someone makes you breakfast. You attend a lecture, eat lunch and enjoy a book club meeting, then eat dinner with friends, and finish the night with a movie before heading to bed. While this lifestyle sounds convenient and relaxing, it may be what is killing older adults in assisted living communities.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Will you be able to afford long-term living and care that does more than plant you in a chair in front of a TV set? The Perils of Too Much Relaxation in Assisted
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Categories: Industry News and Long-Term Care.

“Trump names Rep. Tom Price as next HHS secretary,” by Amy Goldstein and Philip Rucker, Washington Post

“President-elect Donald Trump has chosen Rep. Tom Price (R-Ga.),  a fierce critic of the Affordable Care Act and a proponent of overhauling the nation’s entitlement programs, to lead the department of Health and Human Services.  …  Trump also named Seema Verma, a health-care consultant who was the architect of Medicaid changes in Vice president-elect Mike Pence’s home state of Indiana, to run a crucial section of HHS: the Centers for Medicare and Medicaid Services.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Having watched the political apple cart overturned on Nov. 8, we’re beginning to see
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Categories: Industry News.