Upgraded Short-Term HHC | Now Available in Idaho!

NOW AVAILABLE IN IDAHO! Innovative Support and Cash Benefits to Family Caregivers through GTL’s Short-Term Home Health Care product! The upgraded Short-Term Home Health Care product is now available in Idaho on GTL’s Agent Portal and available soon on the e-App! Guarantee Trust Life Insurance Company has enhanced our Short-Term Home Health Care product to also provide support and cash benefits for family caregivers provided by TCARE! That’s not all… Home Health Care Aide Benefits have increased: Plan A – $50 per day Plan B – $100 per day Plan C – $150 per day In the state of Idaho,
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Categories: Guarantee Trust Life, Industry News, and Short-Term Care.

Upcoming Lumico Med Supp rate adjustment on 4/1

Upcoming rate adjustment for Med Supp Effective April 1, 2024, there will be a rate adjustment for Med Supp policies underwritten by Lumico Life Insurance Company (Lumico) in select states. For OR only New policies will continue to be underwritten by Lumico in Oregon. Please note the following cut off dates: Applications signed on or after 3/1/24, with a requested effective date on or after 4/1/24, will be subject to the new rate. Applications signed on or before 2/29/24, with a requested effective date on or after 4/1/24, will receive the current rate. For AL, KS, MD, UT and VA
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Categories: Industry News, Lumico, and Medicare Supp./Adv..

Inforce LTCi Rate Adjustments Effective May 1, 2024

Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments in the state of Arkansas, effective May 1, 2024. Impacted Forms 2024 Increase LTC04G 15% LTC04I 15% LTC04I7 15% LTC09M 15% LTC06UI 15% LTC09U 15%   Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate increase effective date as outlined above. Along with the premium rate increase notification letters, most policyholders will
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Good News: Attend Our PIVOT Consumer Presentation Demo With Tom

Clients With Health Concerns? No Problem!   Just Updated: Our Industry-Leading PIVOT Presentation! We’ve just updated our industry-leading PIVOT Presentation to include the latest Short-Term Care solutions to enter the market! We couldn’t be more pleased to have Tom Randall provide a live demonstration next Wednesday! Our PIVOT Consumer Presentation shows the strength of utilizing our Perfect Portfolio, links to a vast array of resources, and pairs brilliantly with our innovative tools! Join us Wednesday the 28th as we unveil GoldenCare’s 2024 Pivot Presentation: Wed, Feb 28, 2024 3:00 p.m. Central Register now to join Tom Randall for the demo
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Categories: GoldenCare News, Industry News, Long-Term Care, and Manhattan Life.

GoldenCare Newsletter | February 19, 2024

  Read Full GoldenCare Newsletter,  February 19, 2024 Edition In this GoldenCare Newsletter Edition Take Advantage Of Our “Bring In An Expert” Service Thurs, Feb 22, 2024 11:00 AM  to  11:30 AM CST Guest Article: “CareScout, a Genworth Company, Aims to Redefine Quality and Build Trust in Long-Term Care,” BusinessWire   Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on the latest products and sales strategies. We’re making it easier than ever to get a hold of us and have your favorite tools available at your fingertips! Click here to
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Manhattan Life, Medicare Supp./Adv., Mutual of Omaha (& Affiliates), OmniFlex, Short-Term Care, and Thrivent.

You’re Invited! Bring in an Expert

Are you taking advantge of our Bring In An Expert service? Our experts are available to help you close a sale, answer detailed product questions, help clients feel at ease, or even pivot to a different insurance solution if health requires. Join us as we explain the two ways to take advantage of this service, with a live demo of the online scheduling process.     #goldencareagent
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Categories: GoldenCare News and Industry News.

“Spending on nursing home, home healthcare growing fast”

“Spending on nursing home, home healthcare growing fast,” by Kathleen Steele Gaivin, McKnights Senior Living “Nursing home care and home healthcare were two of the fastest-growing categories of healthcare spending in 2023, according to Altarum’s monthly Health Sector Economic Indicators brief, released Tuesday. Initial data show that national health spending overall grew by 6.2% for the year, whereas the gross domestic product grew by 6.3%. Personal healthcare spending grew by 7.7%. … Spending on home healthcare increased 10.7% in 2023, and spending on nursing home care increased by 9.8%, according to the report.” LTC Comment, Stephen A. Moses, President, Center for
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Categories: Clippings and Industry News.

“New Eligibility Rules Are a Financial Salve for Nearly 2 Million on Medi-Cal”

“New Eligibility Rules Are a Financial Salve for Nearly 2 Million on Medi-Cal,” by Bernard J. Wolfson, KFF Health News “Until Jan. 1, 3 million Medi-Cal beneficiaries, mainly those who are aged, blind, disabled, in long-term care, or in the federal Supplemental Security Income program, faced limits on the value of financial accounts and personal property they could hold to qualify for coverage. Now, nearly 2 million of them will no longer face these restrictions, putting them on par with the roughly 12 million other Medi-Cal beneficiaries who don’t have asset limits. Until Jan. 1, 3 million Medi-Cal beneficiaries, mainly those who
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Categories: Clippings and Industry News.

“Medicare home care eligibility standards unfairly burden family caregivers, think tank argues”

“Medicare home care eligibility standards unfairly burden family caregivers, think tank argues,” by Adam Healy, McKnights Home Care “Researchers called on the Centers for Medicare & Medicaid Services to act now to integrate more kinds of home care benefits for Medicare beneficiaries to help patients and their caregivers grappling with strict eligibility criteria and inadequate support systems. … Medicare’s criteria for a beneficiary to be eligible for home care is too high, they argued, and unpaid family caregivers bear the greatest responsibilities caring for those that do not make the cut. Oftentimes these caregivers are forced to ‘spend down’ to
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Categories: Clippings and Industry News.

“About 30 percent of older adults who need care are caring for another”

“About 30 percent of older adults who need care are caring for another,” by Kristen Fischer, McKnights LTC News “More than 30% of older adults who are caregivers are also receiving care to assist with completing their own daily activities. The older adult caregivers are also more likely to care for a spouse, be older than their spouse, have limited financial assets and be in worse physical health, according to a new study. The report was published Monday in the Journal of the American Geriatrics Society.” LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: This whole caregiving challenge just keeps getting scarier
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Categories: Clippings and Industry News.