Errors and Omissions Insurance

Mutual of Omaha and its affiliates (United of Omaha and United World) require Errors and Omissions Insurance in the amount of $1 million (per claim) prior to selling the following insurance products: • AccumUL Answers • AccumUL Plus • GUL • GUL Plus • GUL Survivor • Term Life Answers • Bonus Flexible Annuity • Ultra Secure Plus • Income Access • Ultra-Income product • Critical Illness • Disability • Long-Term Care • Medicare Advantage • Prescription Drug Plans As a GoldenCare producer, you have the ability to get this valuable coverage at a discount! Check out our Errors and
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

In-Force Rate Action Announcement: Michigan AARP (Privileged Choice®)

> Privileged Choice® with Stable Premium Option > 1% Benefit Increase 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. Michigan has now allowed the following increases: Michigan AARP Product Series Increase Percentage Privileged Choice 20.9%   This rate increase applies to AARP 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 January
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Categories: Genworth, Industry News, and Long-Term Care.

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

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. Kansas has now allowed the following increases: Kansas Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 55% 72% PCS II 55% 72% Choice 1 55% 72%   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 January
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Categories: Genworth, Industry News, and Long-Term Care.

Good News | 2019 Industry Updates On-Demand Replay Now Available!

On-Demand Replay Now Available: 2019 Industry Updates Did you miss GoldenCare’s “Industry Updates – 2019 Year-End Grand Finale” presentation January 8th with Jesse Slome? We had an overwhelming response from the webinar, and in light of the invaluable information shared, wanted to make the replay available to everyone! Available for a limited time: Click here or click below to access the replay:     Read Full Good News Article Questions? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare News
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Categories: GoldenCare News, Industry News, and Long-Term Care.

“Growing gap between what insurers and Medicare spend on hospital stays,” by Jack Craver”

“Growing gap between what insurers and Medicare spend on hospital stays,” by Jack Craver, BenefitsPRO     Quote: “A new analysis takes a look at the difference between what private health plans and Medicare pay for hospital stays. The analysis, published by Thomas M. Selden in Health Affairs, examines the cost of hospital stays from 2000 to 2016. Between 2000 and 2012, the cost of inpatient hospital stays rose much faster for privately insured patients than Medicare enrollees. At the beginning of the millennium, private plans were only paying 10 percent more than Medicare, but that gap grew to 75 percent by
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Categories: Clippings, Industry News, and Long-Term Care.

“The Longevity Economy® Outlook: How people age 50 and older are fueling economic growth, stimulating jobs, and creating opportunities for all”

“The Longevity Economy® Outlook: How people age 50 and older are fueling economic growth, stimulating jobs, and creating opportunities for all,” AARP     Quote: “The contributions of people age 50 and older benefit the economy, which is good for everyone.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Rosy scenario nonsense. This report from AARP focuses entirely on alleged contributions to the economy by people over age 50. It suggests longevity is an economic boon. The words Social Security, Medicaid, Medicare, unfunded liability and bankrupt do not appear in the text. Denial still isn’t a
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Categories: Clippings, Industry News, and Long-Term Care.

“Anticholinergic Drug Exposure and the Risk of Dementia”

“Anticholinergic Drug Exposure and the Risk of Dementia,” by Carol A. C. Coupland, PhD1; Trevor Hill, MSc; Tom Dening, MD; et al., Journal of the American Medical Association     Quote: “The present study adds further evidence of potential risks associated with strong anticholinergic drugs, particularly those that are antidepressants, bladder antimuscarinic drugs, antiparkinson drugs, and epilepsy drugs. Adverse effects should be considered alongside benefits when these drugs are prescribed, and alternative treatments should be considered where possible, such as other types of antidepressant or nonpharmacological treatments for depression, alternative antiparkinsonian drugs, and bladder training or mirabegron for overactive bladders. We found
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Categories: Clippings, Industry News, and Long-Term Care.

“Health Savings Account Balances Show Continued Growth”

“Health Savings Account Balances Show Continued Growth,” Advisor Magazine     Quote: “Excerpts from new research by the Employee benefit Research Institute’s (EBRI) Paul Fronstin & Jake Spiegel reveal that as individuals become more familiar with HSAs, they are more likely to take advantage of the benefits. Reprinted with permission. Read the full report here. According to a new EBRI report, average health savings account (HSA) balances increased from $1,990 in 2011 to $2,803 in 2018. ‘Trends in Health Savings Account Balances, Contributions, Distributions, and Investments, 2011‒2018: Estimates From the EBRI HSA Database’ is a longitudinal study from EBRI’s HSA database, examining trends
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Categories: Clippings, Industry News, and Long-Term Care.

“US cancer death rate sees largest-ever single-year drop, report says,” by Jacqueline Howard”

“US cancer death rate sees largest-ever single-year drop, report says,” by Jacqueline Howard, CNN     Quote: “The rate of people dying from cancer in the United States continued to decline for the 26th year in a row, according to a new American Cancer Society report. From 2016 to 2017, the United States saw its largest-ever single-year drop in overall cancer deaths, a 2.2% plunge spurred in part by a sharp decline in lung cancer deaths, according to the report, published Wednesday in CA: A Cancer Journal for Clinicians.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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Categories: Clippings, Industry News, and Long-Term Care.

Updated: NAIC Shopper’s Guide to Long-Term Care

With the ever-growing popularity of linked-benefit insurance plans, or “hybrid” plans, the National Association of Insurance Commissioners (NAIC) has updated their consumer publication, A Shopper’s Guide to Long-Term Care Insurance. Most states’ laws require insurance companies or agents to give prospective clients the Shopper’s Guide to help them better understand long-term care insurance and decide which, if any, policy to buy. Please download the latest version here or by clicking the image above. Note: Some states produce their own unique shopper’s guide.   Questions? Call our Marketing Team at 1-800-842-7799!   Updated: NAIC Shopper’s Guide to Long-Term Care   #goldencareagent
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Categories: GoldenCare News, Industry News, and Long-Term Care.