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.

“New Thinking About Reverse Mortgages,” by Jeff Brown, Wall Street Journal

“In recent years . . . more financial advisers have warmed up to the idea of homeowners taking a reverse-mortgage line of credit when they are as young as 62, as a way to boost their nest egg. The key to this strategy is that the credit line grows over time, by amounts tied to the course of interest rates, and the unused portion can be converted to a substantial monthly income years later. And today, with inflation and interest rates widely expected to rise, these credit lines could be particularly valuable.” LTC Comment (from Stephen A. Moses, President, Center
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Categories: Industry News.

GoldenCare Newsletter | February 13, 2017 Edition

In This Edition From GoldenCare: Join us for new product training brought to your by our Featured Guest Speakers!   We have some special product Consumer Presentations to give away to attendees on some topics. Click Here for details and to register. Promotions! See the Newsletter for a list of the Winners of the 3-in-1 Promotion.  Congratulations to the winners! Our current promo is Kemper February.  As a special thank you to our agents for making GoldenCare the 2nd highest Kemper seller of 2016, we are awarding Reward points for each approved Kemper applicant!   Promo details in the newsletter or at
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“Long Term Care Insurance Industry Paid $8.65 Billion in Claims,” by Jesse Slome, ExpertClick

“The nation’s long term care insurance companies paid $8.65 Billion in claim benefits to some 280,000 individuals in 2016 according to the American Association for Long-Term Care Insurance.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): By comparison, Medicare and Medicaid paid 55.7% of $156.8 billion total nursing home expenditures in 2015 and 75.7% of $88.8 billion spent on home health care.  For why government pays so much, private insurance so little, and why it matters, see LTC Bullet:  So What If the Government Pays for Most LTC?, 2015 Data Update, Tuesday, December 6, 2016. Long
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Categories: Industry News and Long-Term Care.

“Put long-term care within reach,” by Laurie Jinkins and Norm Johnson, Seattle Times

“Our legislation would create a long-term care insurance benefit to help seniors and their families pay for long-term services and support while protecting seniors’ retirement savings and assets. Funds from a 0.49 percent assessment deducted from workers’ pay would fund the trust and be disbursed through a program overseen by a public-private commission. Workers would be eligible to draw on the benefits of the trust after they’ve worked three of the past six years, or 10 years total.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): We lend today’s LTC Comment space to longtime Center friend
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Categories: Industry News and Long-Term Care.