GTL has made an even faster option to process your clients’ Short-Term Home Health Care Prescription Drug claims! VIEW THE NEW CLAIM FORM GTL’s Prescription Drug underwriting now uses the power of artificial intelligence to process claims even faster! To fully take advantage of this upgrade, we’ve updated the optional Prescription Drug claim form to include some “Do’s” and “Don’t’s” for your clients to follow when submitting a claim. This new, optional Prescription Drug claim form is available for your clients on GTLIC.com by selecting “File a Claim” and clicking “Standalone Prescription Drug Claim Form (Short-Term Home
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LTC New Business Rate Refresh and Benefit Changes
As a leading long-term care insurance carrier, Mutual of Omaha has a responsibility to our policyholders and distribution partners to ensure our pricing strategy and product offerings are effective. We have been monitoring industry trends, internal claims data and the economic environment over the past several years. As a result, we are refreshing our rates and implementing benefit option changes to the MutualCare® Solutions Portfolio effective September 1, 2020. The details are outlined below: Impacted States Alabama, Alaska, Arkansas, Colorado, Georgia, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio,
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Good News | Help Keep Clients OUT of Nursing Homes with This Unique Rider
Get Maximum Benefits for Professional Home Health Care If staying at home is your client’s top priority, here’s a way to ensure the policy provides maximum benefits for home health care. The Professional Home Health Care rider, available only on a MutualCare® Custom Solution policy, makes additional funds available for long-term care services provided by a nurse or skilled health-care professional. These extra funds can make it possible for some of your clients to stay OUT of a nursing home. Click the link below to learn how this optional rider works, and for an example: Get Maximum Benefits for
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Transamerica Operations Disrupted by Storm
TRANSAMERICA OPERATIONS DISRUPTED BY STORM WE APPRECIATE YOUR PATIENCE On Monday afternoon, severe storms passed through central Iowa and affected our Cedar Rapids operations. Most importantly, we believe our employees are safe despite widespread damage in the area. Power and internet outages are widely reported, which will lead to a few days of uncertainty. In response, Transamerica and our administrative partner, TCS, have enacted our Business Continuity Plan. During this time, several phone lines will be temporarily closed or rerouted to other locations. Lines that remain open will have longer wait times as we try to balance customer support. These
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GoldenCare Newsletter | August 10, 2020
Read Full GoldenCare Newsletter, August 10, 2020 Edition In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training. Stay up-to-date on all the latest and greatest in the industry. For a list of current topics and to get in on the discussion Click Here. Appoint with all the Top Carriers LTCCEO Updates: NEW UPDATE! If you haven’t updated yet or you haven’t got your copy, contact us today to find out how! Current installs: Double click “Check for Updates” on your desktop to receive
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“When Covid-19 Hit, Many Elderly Were Left to Die”
“When Covid-19 Hit, Many Elderly Were Left to Die,” by Matina Stevis-Gridneff, Matt Apuzzo and Monika Pronczuk, New York Times Quote: “Of all the missteps by governments during the coronavirus pandemic, few have had such an immediate and devastating impact as the failure to protect nursing homes. Tens of thousands of older people died — casualties not only of the virus, but of more than a decade of ignored warnings that nursing homes were vulnerable. Public health officials around the world excluded nursing homes from their pandemic preparedness plans and omitted residents from the mathematical models used to guide their
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Clippings, Industry News, and Long-Term Care.
“Dementia on the Retreat in the U.S. and Europe’”
“Dementia on the Retreat in the U.S. and Europe,” by Gina Kolata, New York Times Quote: “Despite the lack of effective treatments or preventive strategies, the dementia epidemic is on the wane in the United States and Europe, scientists reported on Monday. The risk for a person to develop dementia over a lifetime is now 13 percent lower than it was in 2010. Incidence rates at every age have steadily declined over the past quarter-century. If the trend continues, the paper’s authors note, there will be 15 million fewer people in Europe and the United States with dementia than there are
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Clippings, Industry News, and Long-Term Care.
“Long-term care groups, 490 others, call for enactment of COVID-related legal protections ‘as soon as possible’”
“Long-term care groups, 490 others, call for enactment of COVID-related legal protections ‘as soon as possible’,” by Lois A. Bowers, McKnight’s Senior Living Quote: “Proposed legislation that would protect healthcare providers from COVID-19-related lawsuits ‘is critically needed and should be enacted as soon as possible,’ 495 organizations, including several associations representing senior living and other long-term care providers, wrote in a letter to all members of Congress.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Averting a feeding frenzy by trial attorneys or sheltering deficient Medicaid care from redress?
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Clippings, Industry News, and Long-Term Care.
“COVID-19 May Fix GE’s Long-Term Care Problem”
“COVID-19 May Fix GE’s Long-Term Care Problem,” by Adam Levine-Weinberg, Seeking Alpha Quote: “In early 2018, GE took a $9.5 billion pre-tax charge and announced that it would have to add nearly $15 billion to its long-term care insurance reserves by 2024. Many investors have continued to worry that GE would eventually need to set aside even greater reserves. The COVID-19 pandemic appears to have sparked an uptick in long-term care policy terminations, reducing future liabilities. With long-term care premiums rising and skilled-nursing facilities increasingly seeming dangerous, policy terminations could continue in the quarters ahead. GE stock has fallen too
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Clippings, COVID-19, Industry News, and Long-Term Care.
“COVID-19 long-term toll signals billions in healthcare costs ahead”
“COVID-19 long-term toll signals billions in healthcare costs ahead,” by Caroline Humer, Nick Brown, Emilio Parodi, Reuters Quote: “With mounting evidence that some COVID-19 survivors face months, or possibly years, of debilitating complications, healthcare experts are beginning to study possible long-term costs.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This may offset savings on reserves from pandemic deaths of people insured for long-term care.
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Clippings, COVID-19, Industry News, and Long-Term Care.
