“The Challenges of Funding Retirement and New Ways to Overcome Them: Part 1 of 2,” by Ken and Maddy Dychtwald, Huffington Post

“This article is the first of a two-part series in which we’ll explore some of the key findings from our new study. We will describe the hopes, dreams, worries, and priorities of Americans with regard to their finances in the years leading up to and through retirement. Tomorrow we’ll turn the corner to describe a wide spectrum of innovative solutions—specific course corrections, tradeoffs, and adjustments—you can make across all aspects of your life for a more personally satisfying and financially comfortable retirement. Some of them may surprise you and even motivate you to explore money-making and money-saving changes in your
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Categories: Industry News and Long-Term Care.

“Dementia Joins Ranks of Top Global Killers with No Drug in Sight,” by Naomi Kresge, Bloomberg

“Alzheimer’s disease and other forms of dementia killed 1.54 million people in 2015, more than twice the number of deaths from the disease in 2000, according to documents posted on the WHO website last month. It replaced HIV/AIDS as No. 7 on the global health watchdog’s list of the 10 biggest causes of death worldwide. New therapies helped push fatalities from HIV/AIDS from 1.5 million down to 1.1 million over the same 15-year period.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Much of the increase in dementia mortality derives from higher diagnosis and reporting, but
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Categories: Industry News and Long-Term Care.

“Plan ahead, protect assets from nursing home costs,” by Bonnie Kraham, Times Herald

“To plan ahead to protect assets from nursing home costs, you may either buy long-term care insurance or create a Medicaid Assets Protection Trust (MAPT) that protects trusts from nursing home costs after five years. . . . If you’re a single applicant, we have the ‘Gift and Loan’ strategy. . . . If you’re a married applicant, we have some general protections, and then we have ‘Spousal Refusal’ if your assets exceed the general protections.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): See why we need to close Medicaid LTC eligibility loopholes? Plan ahead,
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Categories: Industry News and Long-Term Care.

“The Urban Institute Model Of Financing Long-Term Services And Supports: A Critical Review,” by Mark Warshawsky, Health Affairs Blog

“Scoring in the LTSS area needs to be based on widely accepted facts (i.e., a fair reading of the literature and/or settled empirical findings), completely transparent (with all major assumptions disclosed and justified), and robust (to consider all types of policy interventions). Scoring should also be alternatively illustrated by conservative results and assumptions, to give a sense of the possible range of outcomes. Unfortunately, despite the great apparent effort of the Urban Institute, their model, as presently constituted, cannot serve this purpose.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is a devastating refutation of
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Categories: Industry News and Long-Term Care.

Medicare Supplement News – Omaha Family of Companies

Upcoming Rate Adjustment Please review information on upcoming rate adjustments in Al and TX. •  In-Force Only Rate Adjustment – TX supp •  1990 Standardized Rate Adjustment – TX supp and AL Modernized Rate Release The following rate adjustment is effective March 1, 2017, for new and in-force 2010 Modernized Medicare supplement in Mississippi and South Dakota. #goldencareagent #MutualOfOmaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Transamerica Holiday Closure February 20

The Transamerica Long Term Care administrative office in Plano, TX will be closed Monday, February 20, 2017, in observance of Presidents Day. Please allow additional time if necessary to order and receive materials during that time. Much of the important materials and resources you may need will be continue to be available on our Agent Resource Center. Transamerica Holiday Closure February 20 #goldencareagent #Transamerica
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Categories: Industry News and Transamerica.

“5 Long-Term Care Planning Lessons From ‘Willy Wonka And The Chocolate Factory’,” by Jamie Hopkins, Forbes

“Recently, a close family friend emailed me about his long-term care insurance policy, expressing his frustration over yet another premium increase. Despite the rising cost, he still feels good about his decision to have a long-term care insurance policy in place to help protect himself and his family. The discussion brought to my mind one of the most powerful and iconic scenes in children’s literature. I am referring to Willy Wonka and The Chocolate Factory . . ..” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): If you wonder where the author goes with that allusion,
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Categories: Industry News and Long-Term Care.

Good News | 2016 Kemper Production Standings Announced

In 2016, GoldenCare placed 2nd in the country  for issued Kemper Home Health Care applications. We were only 7 issued policies away from 1st place! We want to thank all of our agents for their hard work, for their business, and for helping make 2016 such as successful year! As a special “Thank You,” during the month of February earn 200 Points Per Approved Kemper Home Health Care Applicant in our GoldenCare Rewards Program!   Help us become Kemper’s number-one producer for 2017! Looking to become familiar with the Kemper Home Health Care plan? Join us for a live, in-depth
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Categories: GoldenCare News and Industry News.

“5 Biggest Tax Breaks for the Self-Employed,” by Jeff Reeves, USA Today

“Without the ready-made benefits package provided by larger corporations, many self-employed Americans also must be self-insured. Thankfully, premiums for medical insurance as well as dental and long-term care insurance are deductible from your taxes. The deduction can be very large, but also saves you by preventing the ‘individual mandate’ penalty suffered by uninsured taxpayers with the Affordable Care Act known as Obamacare. While it’s uncertain what will happen with the ACA going forward, for tax year 2016 there is a penalty of $695 per adult or 2.5% of household income if you’re uninsured, whichever amount is greater.” LTC Comment (from
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Categories: Industry News.

“GAO: CMS needs better data to prevent HCBS overpayments, fraud,” by Lois A. Bowers, McKnight’s Senior Living

“The Centers for Medicare & Medicaid Services needs better data to be able to ensure that it does not overpay for personal care services and to reduce the risk of fraud occurring, the Government Accountability Office said in a January report made public on Monday.  Medicaid spent approximately $80 billion to provide assistance with activities of daily living in home- and community-based settings such as assisted living communities in 2014, the report noted. The amount exceeds spending on institutional long-term care, according to the GAO, and is expected to increase along with the demand for such services.” LTC Comment (from
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Categories: Industry News.