“Medicaid initiatives that push long-term home, community care over nursing homes could end this year”

Medicaid initiatives that push long-term home, community care over nursing homes could end this year,” by Danielle Brown, McKnight’s LTC News   Quote: “Funding deadlines are nearing for two initiatives that encourage Medicaid beneficiaries to use long-term home and community care, according to two Kaiser Family Foundation reports. The short-term funding extension for Medicaid’s Money Follows the Person (MFP) program and the spousal impoverishment provision under the Affordable Care Act are both set to expire Dec. 31. States receive enhanced federal matching funds to help seniors and people with disabilities move from institutions to the community through the MFP program,
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Categories: Clippings, Industry News, and Long-Term Care.

“Jeffrey Brown: Saving for Retirement ‘Only Half the Puzzle’”

“Jeffrey Brown: Saving for Retirement ‘Only Half the Puzzle’,” Morningstar   Quote: “Our guest on the podcast today is Dr. Jeffrey Brown, the Josef and Margot Lakonishok Professor and the Dean of the University of Illinois Gies College of Business. A key focus of Dean Brown’s research is how to create sustainable retirement income, including the role of annuities, Social Security, 401(k)s, pensions and long-term care planning. He’s a research affiliate at the National Bureau of Economic Research, a faculty affiliate of the Institute on Government and Policy Affairs, and a fellow at the TIAA Institute. He also serves as
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Categories: Clippings, Industry News, and Long-Term Care.

“About the Certification for Long-Term Care (CLTC)”

“About the Certification for Long-Term Care (CLTC),” by Sarah Fisher, Yahoo! Finance   Quote: “With millions of people living into their 70s, 80s and 90s, the costs of healthcare, long-term care, aides and nursing homes are straining finances in many families. In response to this chronic problem, the financial and insurance industries have created many specializations for professional advisors. One of these, the Certification for Long-Term Care (CLTC), focuses on the complexities and expenses of services for the aged. If you’re making a plan for yourself or a loved one, you may want to engage an advisor with this certification.
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Categories: Clippings, Industry News, and Long-Term Care.

Be the First to See Our New LTC Consumer Video

We’re excited to debut something you’ve been asking for: a new consumer video designed to help you introduce the need for LTCi. Show it in a face-to-face setting. Include it as the kick-off for an LTC seminar. Attach it to an email prior to meeting with a client. Use it to generate interest so people will want to meet with you. Despite LTC Awareness Month being behind us, put this video to work for you and keep the momentum going!   Be the First to See Our New LTC Consumer Video   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Email Submission for Paper Applications

Sending a fax can be time-consuming and frustrating, that’s why we are pleased to announce paper applications can now be submitted via email. This update is effective immediately and available for all Life products and Health products, excluding Medicare Supplement, Medicare Advantage, Prescription Drug Plans and Long Term Care. While this new capability will streamline the submission process there are some very important steps to follow in order to make sure applications are being submitted correctly and securely. Please ensure you follow this guide when submitting new business and additional requirements via email. Thank you for your business and if
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).

In-Force Rate Action Announcement: Idaho (Pre-PCS, PCS I, PCS II, Choice 1)

> Choice 1 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. Idaho has now allowed the following increases: Idaho Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 10% 30% PCS I 10% 25% PCS II 10% 20% Choice 1 15% 20%   Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to
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Categories: Genworth, Industry News, and Long-Term Care.

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

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. Idaho has now allowed the following increases: Idaho non-AARP Product Series Increase Percentage Privileged Choice 15% Classic Select 15%   Idaho AARP Product Series Increase Percentage Privileged Choice 15%   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 December 3, 2019 and will continue throughout the
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Categories: Genworth, Industry News, and Long-Term Care.

Understanding your Exposure with Telephone Solicitations

Telephone solicitations are an important aspect of insurance marketing. Unfortunately, this has become a high-risk endeavor. The Telephone Consumer Protection Act of 1991, better known as the TCPA, was enacted to protect consumers from unwanted telemarketing calls and faxes. It imposes liability in the form of regulatory fines and incentivizes private plaintiffs to pursue claims with statutory damages of $500 to $1,500 per call, with no limit. Attorneys’ fees for defending TCPA actions can easily reach hundreds of thousands of dollars and multi-million dollar settlements are, unfortunately, a common occurrence. Agents and brokers are expected, and contractually required, to act
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Holiday Telephone Solicitation Bans for the Month of December 2019

Please be aware of the following holidays requiring a holiday telephone solicitation ban for the month of December. On Tuesday, December 24, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of a Governor declared holiday for Christmas Eve On Wednesday, December 25, 2019: Alabama, Louisiana, Mississippi, Pennsylvania, Rhode Island and Utah prohibit unsolicited marketing calls to residents in observance of Christmas On Tuesday, December 31, 2019: Louisiana prohibits unsolicited marketing calls to residents in observance of a Governor declared holiday for New Year’s Eve Holiday Telephone Solicitation Bans for the Month of December 2019   #goldencareagent #mutualofomaha
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Categories: Industry News and Mutual of Omaha (& Affiliates).

Real Win– Why Choose Mutual of Omaha for DI?

Planning for the Unexpected Margaret, a married 30-year-old female, lives in the Midwest. In her profession as a nurse practitioner she sees individuals becoming sick and injured daily and knows why having an income protection plan is important. Her employer does not currently offer any disability benefits to their employees, so she began to research individual coverage for herself. As a member of the medical field, she was aware of the statistics with disabilities among those in her profession and knew that this plan was important to have for her and her family should an unexpected life event happen. During
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Categories: Disability Income Insurance, Industry News, and Mutual of Omaha (& Affiliates).