“Seniors on Medicare Advantage less likely to have issues paying medical bills: CDC study”

February 18, 2020 | by | Comments Off on “Seniors on Medicare Advantage less likely to have issues paying medical bills: CDC study”

“Seniors on Medicare Advantage less likely to have issues paying medical bills: CDC study,” by Robert King, Fierce Healthcare   Quote: “Seniors on traditional Medicare were more likely to be a part of a family that has problems paying medical bills compared to beneficiaries on Medicare Advantage (MA), a new study found. But beneficiaries on MA were also more likely to struggle with medical bills compared to those on private insurance coverage. The study, (PDF) released Wednesday from the Centers for Disease Control and Prevention (CDC), found that overall the percentage of people in families that had a problem paying a
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Categories: Clippings, Industry News, and Long-Term Care.

LTC Commission Timing and No Cash with Application Update

February 17, 2020 | by | Comments Off on LTC Commission Timing and No Cash with Application Update

Beginning February 23, compensation will be paid at the time the first premium payment is received, all Post Issue Requirements (PIRs) are complete and the case is considered placed. Applications signed on or after this date will be effective on the date the policy is issued. Date of application will no longer be a coverage effective date option. As we implement these changes, there are important dates and details to remember: February 23, 2020 Policies issued will be effective on the date of issue. Replacement cases will still have the option to elect a date after policy issue. Initial premium
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTC Awareness Month, LTC Conversation, LTC Planning, LTCi, mutual of omaha, and omaha.

Save Time with the DI Tele-Application!

February 17, 2020 | by | Comments Off on Save Time with the DI Tele-Application!

The DI tele-app facilitates a faster application process, you don’t have to ask medical questions, and reduces the need for call-backs to your customers by allowing our trained nurses to gather your clients’ medical information. Advantages of the DI Tele-app Simplifies the sales process for both the agent and the client Don’t have to ask awkward medical questions Quicker issue time Fewer attending physician statements Client answers medical questions only once by a trained nurse regarding activities, health habits, occupation(s), and medical history Materials Available Next Steps brochure If you have any questions, please contact Mutual of Omaha’s Sales Support
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).
Tags: DI, disability income, Disability Income Insurance, income protection, insurance, mutual of omaha, omaha, paycheck protection, PIP, and Priority Income Protection.

Legacy Rate Adjustments Effective May 1, 2020

February 17, 2020 | by | Comments Off on Legacy Rate Adjustments Effective May 1, 2020

Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha, and we intend to remain a key player in this market for years to come. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective May 1, 2020: Block of Business Impacted States LT50, NH50, HCA, NHA & LTA Hawaii   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
Tags: insurance, Long-Term Care, long-term care insurance, LTC, LTCi, mutual of omaha, omaha, and United of Omaha.

iGO e-App Training

February 17, 2020 | by | Comments Off on iGO e-App Training

If you’re looking for an even faster way to submit business, use our iGO (in Good Order) e-App featuring Automated Underwriting for Living Promise and Term Life Express. Both of these online applications ensure you have the right forms and all required fields are highlighted in yellow preventing mistakes and saving you time. Even better? We also offer Automated Underwriting on Living Promise and Term Life Express e-Apps so you will receive an instant underwriting decision while you’re with the client. Want to learn more? Watch our agent training videos below. > Living Promise Email Signature Method > Living Promise
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, insurance, Life Insurance, mutual of omaha, omaha, risk, simplified underwriting, tax, tax bracket, tax guide, tax reference guide, tax season, and United of Omaha.

Help Clients Understand Their IUL Express Allocation Options

February 17, 2020 | by | Comments Off on Help Clients Understand Their IUL Express Allocation Options

The accumulation value within an Indexed Universal Life Express (IUL Express) policy earns interest at a rate that is calculated based on the performance of a market index. If you use the IUL Express Easy Solve, the 100% participation rate crediting strategy will be selected, but your clients also have additional crediting strategy options. Your clients can choose from three crediting strategies, all based on the performance of the S&P 500, as well as a fixed account. This allows them to tailor their policy based on how they believe the index will perform. Clients can choose to allocate all of
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).
Tags: express, insurance, Life Insurance, mutual of omaha, omaha, risk, simplified underwriting, tax, tax bracket, tax guide, tax reference guide, tax season, and United of Omaha.

Medicare News – Omaha Family of Companies

February 17, 2020 | by | Comments Off on Medicare News – Omaha Family of Companies

Medicare Supplement: Upcoming March Rate Adjustments View upcoming rate adjustments for Kentucky and Pennsylvania.   Upcoming Rate Adjustment View upcoming rate adjustments for Hawaii, Mississippi and Texas.   Rate Release for March 2020 View March 1, 2020 Rate Releases in Illinois, Iowa, Nebraska, South Dakota and West Virginia.   Spotlight on Dental- Our Product Our dental insurance may be the answer to your clients healthcare needs.   New Med Supp Customer eNewsletter In January Mutual released a new e-Newsletter exclusively for their Medicare supplement policyholders. Learn more.   Medicare Advantage and Prescription Drug Plans: Prescription Drug Plan Commissions There has
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
Tags: insurance, medicare, Medicare Advantage, mutual of omaha, omaha, Omaha Insurance, Omaha Supplemental Insurance Company, OSIC, PDP, Prescription Drug Plans, and Rx.

In-Force Rate Action Announcement: Oregon (Privileged Choice® and Classic Select®)

February 17, 2020 | by | Comments Off on In-Force Rate Action Announcement: Oregon (Privileged Choice® and Classic Select®)

> Privileged Choice® and Classic Select® with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Oregon has now allowed the following increases: Oregon Product Series Increase Percentage Privileged Choice 48.1% Classic Select 48.1%   Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin February 18, 2020 and will continue throughout the next
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: Genworth, Genworth Life Insurance Company, insurance, Long-Term Care, LTC, LTC Rate Increases, and premium increase.

2020 Partnership Minimum Benefit Requirements for CA, CT, IN and NY

February 17, 2020 | by | Comments Off on 2020 Partnership Minimum Benefit Requirements for CA, CT, IN and NY

Each year, the original Partnership states (CA, CT, IN and NY) revisit certain minimum benefit requirements to qualify for their Partnership programs. The requirements that are changing for 2020, as well as some (but not all) minimum Partnership requirements that not changing, are listed below. California Partnership The following minimum benefit requirements for Partnership in California are changing for 2020. Requirements 2019 2020 Minimum Daily Benefit $220 $230 Minimum Monthly Benefit $6,820 $7,130   Connecticut Partnership The following minimum benefit requirements for Partnership in Connecticut are changing for 2020. Requirements 2019 2020 Minimum Daily Benefit $283 $291 Minimum Monthly Benefit
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Categories: Genworth, Industry News, and Long-Term Care.
Tags: Genworth, insurance, Long-Term Care, long-term care insurance, LTC, and LTCi.

EssentialLTC Sales Guide Redesigned!

February 17, 2020 | by | Comments Off on EssentialLTC Sales Guide Redesigned!

NGL Sales Guide Redesigned The EssentialLTC Sales Guide is redesigned to highlight popular product features with case studies demonstrating when and how each product feature can be used. Understanding the product features allows you to better customize plans and meet the needs of your clients. The hypothetical examples included in the new Sales Guide illustrate how EssentialLTC may benefit a client’s situation and are listed below: Lifetime Benefit Period Extension Rider Shared Benefit Amount Rider Return of Premium Riders Return of Premium with Optional Policy Surrender Riders Flexible Premium Payment Options Inflation Protection Riders Click here to log in to
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Categories: Industry News, Long-Term Care, and National Guardian Life.
Tags: EssentialLTC, insurance, Long-Term Care, long-term care insurance, LTC, LTCi, National Guardian Life, and NGL.