Medicare Supplement News – Omaha Family of Companies

WI Outline Correction The new Wisconsin United World outline effective June 3, 2017, contained incorrect rates for the male non-tobacco – Part B Excess Rider (OPC4W) on page 15. Also the Part B Copay/Coinsurance Rider (0PC5W) premium now appears as a negative number to reflect that this is a premium reduction. These corrections have been made to the outline. Upcoming Medicare Supplement Rate Adjustments Please review the upcoming Medicare supplement rate adjustments in: GA, IA, IN, NY, OK, OR, and VA. •  Modernized Rate Adjustment – VA and NY •  Modernized In-force Only Rate Adjustment – GA •  Standardized Rate
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

When Medicare Supplement Insurance Isn’t Enough

Nearly everyone knows someone who has been affected by cancer or heart disease. And people who are 65 and older have a higher risk of contracting these conditions. Mutual of Omaha’s Critical Advantage Portfolio can help. A Cancer and/or Heart Attack and Stroke policy has a lifetime coverage option that can be issued up to age 89. Benefits are paid upon first diagnosis of any covered condition and are paid directly to your client. Explain to your Med Supp clients how a cancer and/or heart attack and stroke policy will be a great complement to their existing coverage. For more
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

Over 100 Years of Promises Kept

Did you know the first policy sold by Mutual of Omaha back in 1909 was a disability income insurance policy? Since then we have kept our promise to our customers. In 2016, we paid out more than $40.1 million in DI claims. That’s an average of $3.34 million per month. Mutual of Omaha remains a leader in the DI marketplace providing coverage to nearly 67,000 individuals. To learn more about our ability to pay claims, click here. If you have any questions, please contact your Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Over 100 Years
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).

“New BPC Report Suggests Fixes to LTC Financing Challenge”

“New BPC Report Suggests Fixes to LTC Financing Challenge,” by Melanie Waddell, ThinkAdvisor “Financing of long-term care continues to plague lawmakers in Washington as people live longer and the rate of dementia and Alzheimer’s cases continues to skyrocket, driving the increased need for long-term care coverage. Just-released research by the Bipartisan Policy Center sets out recommendations for improving the financing and delivery of long-term care.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): I watched the presentation of this “new research” today. I’m sorry to say: “Don’t bother.” Old ideas sprinkled with a few new recommendations
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Categories: Industry News and Long-Term Care.

“Medicare, Medicare Advantage physician rates nearly equal”

“Medicare, Medicare Advantage physician rates nearly equal,” by Emily Gersema, USC News “Medicare Advantage plans managed by private insurers pay physician prices that are similar to traditional Medicare rates, according to a new USC-led study. . . . For example, the mean rate for an office visit in Medicare Advantage was 97 percent of the traditional Medicare rate. Medicare Advantage’s mean reimbursement rate ranged from 91 percent of traditional Medicare’s rate for the physician fee for a cataract removal in an ambulatory surgery center to 102 percent of traditional Medicare for a complex emergency department visit. The researchers concluded that
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Categories: Industry News and Long-Term Care.

“Aging in America: Crisis in long-term care”

“Aging in America: Crisis in long-term care,” CBS News   “There are currently about 40 million Americans over the age of 65, and those over 80 are the fastest-growing segment of our population. Rita Braver reports on a group of seniors who have banded together and found a way to make their golden years not just affordable, but truly ‘golden.’” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This moving story is a bit dated and certainly naïve to suggest the “Villages” movement will fix long-term care. It also shows how little progress has been made
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Categories: Industry News and Long-Term Care.

“Thinking Boomer: Understanding This Generation and What They Need From You”

“Thinking Boomer: Understanding This Generation and What They Need From You,” by Olivia Mellan, and Sherry Christie, ThinkAdvisor “‘Leading boomers, born from 1946 to 1955, and trailing boomers, born from 1956 to 1964, have different outlooks on retirement and money in general,’ said Cam Marston, author, speaker, coach and founder of demographic profiling firm Generational Insights. Understanding these two echelons, and incorporating their differences into your approach, can be the key to connecting with a boomer client.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): A boomer is a boomer is a boomer? Well, no there
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Categories: Industry News and Long-Term Care.

Good News | Double-Dip Cash CareShield Promo

   The Summer Couldn’t Possibly Get Any Better! This promotion is all about CareShield – the simple solution clients of all ages are waiting for! You can Double-Dip this summer! CareShield business will earn you cash awards with this promotion in addition to the prizes awarded for our Sizzling Summer Promo! For July & August, earn up to a $250 Summer Bonus — ON EVERY CARESHIELD CASE! IT’S ALL ABOUT CARESHIELD Submit contracting and complete appointment: $20 Cash Each CareShield application submitted*: $50 Cash And, for every CareShield policy issued: $100 Cash Read Full Good News Article   #goldencareagent #promo
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Categories: GoldenCare News, Industry News, and Securian.

GTL: Important Changes to Kentucky HHC

  Plan A will No Longer be Available in Kentucky Old paper apps will need to be received by July 14, 2017. Anything received after will adhere to the new app guidelines. Plans B and C are unchanged! Details below.   $300 or $450 maximum daily benefit options!   Issue ages: 56 – 85   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   Short-Term Home Health Care Aide Benefit and Restoration Benefit included     Please update
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Categories: Guarantee Trust Life, Industry News, and Short-Term Care.

Form Required 8/1; Revised Application Required 10/1

Model Replacement Form Required Aug. 1, 2017, Newly Revised MO Application required 10/1/2017 Effective August 1, 2017, the Model Replacement form (REPL-2000) is required to be completed and submitted with new business paperwork whenever a proposed insured states they have existing insurance coverage, even if they don’t plan on replacing that coverage. The REPL-2000 replaces the existing Model Replacement form, form MO-R1. This form is required for Individual Life and Annuity agents/producers; Missouri Preneed agents/producers are exempt from this change.   The MO application form 2735FE has also been revised to accommodate the State of Missouri’s Model Replacement requirement; a
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Categories: Industry News, Life Insurance, and National Guardian Life.