Good News | Thank You To Our Agents!

  A Special Thank You to Our Agents on Their Hard Work! In mid-March, we announced our Mutual of Omaha LTCi sales promotion, and we’re pleased to report that LTCi business submission has reached a fever pitch! We appreciate all of your hard work in the field. Keep up the momentum and maximum your earnings by utlizing Omaha’s LTCi e-App! Need help getting started? Click the link below for a live e-App demonstration: DEMO: Mutual’s Electronic Application 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
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“Medicaid Could Save $2.6 Billion a Year With Dip in Smoking”

“Medicaid Could Save $2.6 Billion a Year With Dip in Smoking,” by Robert Preidt, HealthDay “Just a 1% decrease in the number of Medicaid recipients who smoke could save the insurance program billions of dollars a year, a new study suggests. Over one year, that small decline in smoking and its associated health harms would lead to $2.6 billion in total Medicaid savings the following year and millions for each state, researchers found.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): The sad irony is that those smoking quitters will live longer, die slower, and cost
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Categories: Clippings, Industry News, and Long-Term Care.

GoldenCare Newsletter | April 22, 2019

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTC CEO Office, Home and Internet Selling Tools Software has been updated! This Must-Have Resource can dramatically increase your LTC sales, providing sales presentations, calculators, pre-recorded training, instruction for successful Internet Selling, LTC resources, and  MORE! Find out how to get your copy free! Our Guest Article in this
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, and Transamerica.

“Medicare Will Be Insolvent by 2026, Government Report Warns”

“Medicare Will Be Insolvent by 2026, Government Report Warns,” by Andrew Taylor, Time “The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security. It paints a sobering picture of the programs, though it’s relatively unchanged from last year’s update. Social Security would become insolvent in 2035, one year later than previously estimated.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): By any legitimate measure both of these programs are
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Categories: Clippings, Industry News, and Long-Term Care.

“Is 75 the new 65? Wealthy countries need to rethink what it means to be old”

“Is 75 the new 65? Wealthy countries need to rethink what it means to be old,” by Warren Sanderson and Sergei Scherbov, The Conversation “When we say that 75 is the new 65, we mean something similar – that 75-year-olds now have the same remaining life expectancy as 65-year-olds in the past. Adjusting age for changes in remaining life expectancy is called adjustment for “age inflation.” It’s just like adjusting the value of the dollar for changes in purchasing power. … When exactly will population aging end? It depends on whether you’re looking at the adjusted proportion of people who are
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Categories: Clippings, Industry News, and Long-Term Care.

“Washington State’s Public Long-Term Care Program Is On The Verge Of Becoming Law”

“Washington State’s Public Long-Term Care Program Is On The Verge Of Becoming Law,” by Howard Gleckman, Forbes “A first-in-the-nation state long-term care insurance program is likely to become law within a few weeks. In Washington State, both houses of the legislature have approved the measure, though they must resolve relatively minor differences between the two bills. Gov. Jay Inslee has promised to sign it. … At a recent industry conference, private long-term care insurance carriers expressed some interest in developing products to supplement Washington’s relatively limited state coverage.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Will
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Categories: Clippings, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Washington DC (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. Washington DC has now allowed the following increases: Washington DC Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% 10%   Policyholders who selected Stable Premium Option with the previous premium increase (announced 4/9/2018) are not included with this increase. Communications Timeline Servicing agents will receive a list of
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Pennsylvania (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. Pennsylvania has now allowed the following increases: Pennsylvania Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% for policies issued before 9/16/02 10% for policies issued before 9/16/02 20% for policies issued on or after 9/16/02 20% for policies issued on or after 9/16/02   Policyholders who selected Stable
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Illinois (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. Illinois has now allowed the following increases: Illinois Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55% 72%   This rate increase applies to policies issued before 1/1/2003. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start
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Categories: Genworth, Industry News, and Long-Term Care.

Expanded E-APP Availability

Effective 4/26/19, National Guardian Life’s E-APP will now be available in all states where EssentialLTC is available, except FL. Log in to the Agent Resource Center to familiarize yourself with the EssentialLTC E-APP by using the E-APP Sandbox.   Don’t have a login yet? Register for access.   If you have questions , please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com.   #goldencareagent #ngl
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Categories: Industry News, Long-Term Care, and National Guardian Life.