“FAQs About Coronavirus and Long-Term Care Insurance”

“FAQs About Coronavirus and Long-Term Care Insurance,” by Kimberly Lankford, US News & World Report   Quote: “The situation highlights the importance of having a plan to pay for potential long-term care expenses, which can give you more options if you end up needing care yourself. But it’s also made it more difficult to qualify for long-term care insurance, especially as you get older or have had a positive COVID-19 test. And if your aging parents already have a long-term care policy and are receiving care now, you may be wondering if any changes to their care from the pandemic will
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Few Medicare Advantage plans cover social needs for chronically ill patients”

“Few Medicare Advantage plans cover social needs for chronically ill patients,” by Lisa Rappaport, Managed Health Care   Quote: “Most Medicare Advantage plans are not offering chronically ill enrollees supplemental benefits to address social needs that were added to the government health program in 2018 in an effort to improve health outcomes and achieve cost savings, a U.S. study suggests. … In 2020, 139 of 3,052 plans (4.6%) offered benefits for social needs under the CHRONIC Care Act. The most commonly offered benefit was pest control, provided by 2.2% of plans, followed by produce at 2.1%, and meal delivery at
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Categories: Clippings, Industry News, and Long-Term Care.

Omaha Now Ranked #300 On Fortune 500 List

We improved our position on Fortune Magazine’s 500 list. We moved up to No. 300.  #fortune500   #mutualofomaha     Mutual of Omaha Improves Position on Fortune 500 List   #goldencareagent #mutualofomaha #fortune500
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Categories: Accident Insurance, Critical Illness, Dental, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Good News | Securian Financial: Strength Reaffirmed Amid The Uncertainty

  Fitch Ratings affirms Securian Financial’s AA rating and stable outlook On Friday, May 8, 2020, Fitch Ratings affirmed the insurance financial strength rating for Securian Financial at AA (Very Strong) and maintained our Stable outlook. The AA (Very Strong) rating is Fitch’s third highest of 19 ratings. Fitch also cited our ratings continue to reflect our “extremely strong capitalization…very strong investment asset and risk profile … and diverse earnings profile.” Fitch Ratings affirms Securian Financial’s AA rating and stable outlook Join a growing community of insurance agents and producers sharing positive stories, and sales tips for success while working
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Categories: GoldenCare News, Industry News, Long-Term Care, and Securian.

“Reopening Guidance by CMS Wins Praise for Aggressive Stance on Staff, Resident Testing”

  “Reopening Guidance by CMS Wins Praise for Aggressive Stance on Staff, Resident Testing,” by Patrick Connole, Provider Quote: “​Amid the state-by-state reopening of the United States while the coronavirus (COVID-19) pandemic continues, the Centers for Medicare & Medicaid Services (CMS) on Monday issued new guidance for state and local officials to ensure the safe reopening of skilled nursing facilities (SNFs), which quickly won the support of the long term and post-acute care profession for its focus on extreme caution and the call for aggressive testing for staff and residents alike.” LTC Comment (from Stephen A. Moses, President, Center for
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Home Health Industry ‘Getting Closer’ to Reimbursement for Telehealth Visits”

  “Home Health Industry ‘Getting Closer’ to Reimbursement for Telehealth Visits,” by Robert Holly, Home Health News Quote: “Despite significant roadblocks, the home health industry is getting closer to securing direct reimbursement for visits delivered via telehealth technology, industry insiders believe. … Currently, there isn’t a way for home health providers to bill for in-home telehealth visits — or count remote visits toward low-utilization payment adjustment (LUPA) thresholds. … As a result of the coronavirus, the demand for telehealth technology is projected to increase seven-fold by 2025, according to research from business consulting firm Frost & Sullivan research.” LTC Comment (from Stephen
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

GoldenCare Newsletter | May 18, 2020

Read Full GoldenCare Newsletter, May 18, 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. Update Your Contracts 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 the latest update or
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Categories: GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), and Securian.

“COVID-19-caused kidney injuries heighten demand for dialysis”

  “COVID-19-caused kidney injuries heighten demand for dialysis,” by Alicia Lasek, McKnight’s LTC News Quote: “A large number of coronavirus patients are suffering kidney damage, contributing to a growing need for onsite dialysis in eldercare facilities, according to experts.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Another story said Study Suggests Delirium, Agitation May Follow COVID-19 Infection. Complications are piling up with regard to Covid-19 treatment in nursing homes and assisted living facilities. New York first required nursing homes to take virus patients, then prohibited them when so many sickened and died. As normality returns in
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“Governors eye Medicaid cuts to ease COVID-19 budget pain”

  “Governors eye Medicaid cuts to ease COVID-19 budget pain,” by Jessie Hellman, The Hill Quote: “Governors facing huge budget shortfalls are eyeing cuts to Medicaid, even as millions of unemployed Americans flock to the health insurance program after losing their employer-based coverage. States that are buckling under declining revenues and increased Medicaid enrollment due to COVID-19 say they may have no choice but to cut the program for the poor unless they get more financial support from the federal government.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Don’t cut the “program for the poor.”
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.

“States face looming crisis over Medicaid growth, which could trigger changes for providers and payers”

  “States face looming crisis over Medicaid growth, which could trigger changes for providers and payers,” by Robert King, Fierce Healthcare Quote: “States are about to face a major budget crisis due to exponential growth in Medicaid enrollment and a decline in tax revenue, which experts say could lead to provider payment cuts or other measures to contain costs.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Very true, but the remainder of this article focuses on Medicaid’s acute care side. That’s not where the biggest financial shortfall will come. Long-term care users, who are 5.9
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Categories: Clippings, COVID-19, Industry News, and Long-Term Care.