Critical Advantage Rate Decrease for Existing Policyholders – OH

Another state has approved the Critical Advantage rate decrease of 20% for current policyholders. Effective May 1, 2019, the rates for existing policyholders in Ohio will be reduced by 20%. Your current customers in Ohio will not have to do anything to get the new rates. Their premiums will be at the new 20% rate cut automatically starting on 05/01/2019. Here is what your clients can expect with the lower rates. Age Current Monthly Rate New Monthly Rates Monthly Savings Yearly Savings 35 $22.81 $18.25 $4.56 $54.72 45 $38.09 $30.48 $7.61 $91.32 55 $59.69 $47.75 $11.94 $143.28 65 $86.69 $69.35
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Categories: Critical Illness, Industry News, and Mutual of Omaha (& Affiliates).

The Power of Care Coordination Benefit

The need for long-term care services can come on slowly or happen overnight. No matter when the need for care arises, a care coordinator can help. Once an insured files a claim, a care coordinator may be assigned to help manage their long-term care needs. The care coordinator becomes the point of contact to help arrange services and ensure all needs are met. Best of all: This benefit is built in to both the MutualCare® Custom and Secure Solutions, and the elimination period does not need to be satisfied in order to use the Care Coordination services. Take a look
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Target Small Business Owners with Tax Advantages of LTCi

When it comes to long-term care insurance, there are a lot of advantages: A long-term care policy makes funds available to help people get the care they need. It can help preserve a retirement nest egg. And it allows people to maintain their independence and protect their plans for the future. But did you know long-term care insurance also offers significant tax advantages? It’s tax season, and this is a great way to begin conversation with small-business owners. Premiums may be tax-deductible Using business dollars to purchase a long-term care policy has the potential to save the business considerable amount
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

LTCi Career Development Program

The MutualCare® Solutions Long-term Care Insurance Career Development Program has been developed to offer a proven, structured methodology to master the knowledge and skills to sell our long-term care products. Throughout the program, you will cover the following: Long-Tern Care Overview Marketing Long-term Care Coverage (With Review Questions) Medicare and Medicaid Overview Long-term Care Partnership plans (With Review Questions) How to Evaluate Your Clients Long-term Care Needs Long-term Care Tax Clarifications and Consumer Questions (With Review Questions) MutualCare® Solutions Product Overview Provisions, Exclusions and Other Features Underwriting Overview (With Review Questions) Sales Support, Marketing and Prospecting Materials Take your first
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

New Medicare ID numbers | Welcome calls | Preferred pharmacies

New welcome/onboarding calls help members engage with their plan early Did you know? All 2019 Allina Health | Aetna Medicare members now receive a welcome call from an onboarding representative after they enroll. During the call, we review the member’s provider network, formulary medications, pharmacy network, and 2019 plan benefits. To learn more about what members can expect after they enroll, just visit allinahealthaetnamedicare.com. New CMS Medicare ID numbers are here Make sure all your enrollment applications are processed efficiently, without delays, by including your clients’ new Medicare number. The Medicare number is a CMS-assigned number that can be found
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Categories: Aetna, Industry News, and Medicare Supp./Adv..

Good News | 2019/2020 Errors & Omissions Pricing Now Available: Enroll Today

Pricing for GoldenCare’s Discounted E & O Now Available       Plus, earn yourself a better discount on next year’s enrollment! Here’s how: Enroll in GoldenCare’s 2019/2020 Errors & Omissions Program Submit any of the following: (written & issued between 4/1/2019 and 4/1/2020), • 1 Mutual of Omaha LTCi Application • 1 CareShield Application with Securian • 1 GTL Critical Cash/Critical Care Application, or • 1 Omaha Medicare Supplement Application and Receive a Renewal Discount on Next Year’s (2020/2021) Enrollment! For more information, call 800-842-7799 and speak with your Regional Director. Read Full Good News Article   Questions? Call
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Categories: GoldenCare News, Industry News, and Long-Term Care.

EssentialLTC – Partnership Exchange Mailings in 4 States

With the recent Partnership policy approval in select states, we are happy to announce that the exchange of eligible National Guardian Life (NGL) EssentialLTC policies is scheduled to occur in the following four states: Maine Missouri North Carolina Nevada Exchanges of eligible EssentialLTC policies in these states are scheduled to begin March 12, 2019.   Eligibility for Automatic Exchange to a Partnership Policy To be considered as eligible for an automatic exchange to a Partnership policy, the inforce EssentialLTC Long Term Care insurance policy would need to meet all of the following LTC Partnership eligibility requirements. active policy issued and
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Categories: Industry News, Long-Term Care, and National Guardian Life.

In-Force Rate Action Announcement: Oklahoma (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. Oklahoma has now allowed the following increases: Oklahoma Product Series Increase Percentage Privileged Choice 10% Classic Select 10%     This rate increase applies to non-AARP, non-partnership policies only. 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 March 19, 2019 and will continue throughout the next
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Carolina (PCS I)

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. North Carolina has now allowed the following increases: North Carolina Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 95.31% phased 25%, 25%, 25% cumulative 95.31% phased 25%, 25%, 25% cumulative       This rate increase applies to non-AARP, non-partnership policies for policies issued before 2/1/2003. Communications Timeline Servicing agents will receive a list of their
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Categories: Genworth, Industry News, and Long-Term Care.

Our Term Upsell Program Gives You New Opportunities

Oftentimes, clients will select their term coverage level based on their budget, even if they may actually have a need for more coverage. If you have a client who gets approved better than applied for, this is the perfect time to use the Term Life Answers Upsell Program since they can potentially get more coverage and still be within their budget. Agents who are consistently talking to their client about the upsell offer have found great success. Since we started offering the upsell opportunities, we’ve had a 15 percent acceptance rate with the average increase being just over $275,000 per
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).