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

> Privileged Choice® and Classic Select® 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. Georgia has now allowed the following increases: Georgia Product Series Increase Percentage Privileged Choice 12% Classic Select 12%   This rate increase applies to AARP and non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Arkansas (PCS II)

> PCS II with Stable Premium Optionn 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. Arkansas has now allowed the following increases: Arkansas Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 25% 25%   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 17,
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Categories: Genworth, Industry News, and Long-Term Care.

Good News | Happy Holidays from Mutual of Omaha

  Happy Holidays from Mutual of Omaha Season’s Greetings As another year comes to an end, it’s important to take a moment to reflect on the many sales successes you’ve had and the strong relationships we’ve built. We look forward to more great things in 2020. Have a safe and happy holiday season! From Amanda Blackburn and all your friends at Mutual of Omaha Happy Holidays from Mutual of Omaha   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
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“MedPAC Commissioner: Underfunding Turns Medicaid-Heavy SNFs into ‘7th Circle of Hell’”

“MedPAC Commissioner: Underfunding Turns Medicaid-Heavy SNFs into ‘7th Circle of Hell’,” by Maggie Flynn, Skilled Nursing News   Quote: “The Medicare Payment Advisory Commission (MedPAC) once again advised that Medicare’s payments for skilled nursing facilities are too high — but also acknowledged the challenges for providers caused by low Medicaid reimbursement. A presentation by Dr. Carol Carter delivered to MedPAC on December 5 examined Medicare margins for SNFs amid the larger contexts of beneficiary access to care, quality-of-care indicators, access to capital markets, and changes in Medicare costs and payments. While Medicare margins for SNFs remain high, with an aggregate margin of
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Categories: Clippings, Industry News, and Long-Term Care.

“Out-of-Pocket Costs for Medicare Recipients Will Rise in New Year”

“Out-of-Pocket Costs for Medicare Recipients Will Rise in New Year,” by Dennis Thompson, U.S. News & World Report   Quote: “Seniors on Medicare are going to take a hit to the pocketbook in 2020, with premiums and deductibles set to increase on coverage for medical services and prescription drugs. The standard monthly premium for Medicare Part B will rise $9.10, to $144 a month, the U.S. Centers for Medicare and Medicaid Services (CMS) announced. The annual deductible for Part B also will increase $13 to $198 per year, CMS said. Both increases are relatively large compared to 2019, when the
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Categories: Clippings, Industry News, and Long-Term Care.

“The Hidden Drug Epidemic Among Older People”

“The Hidden Drug Epidemic Among Older People,” by Jane E. Brody, New York Times   Quote: “While news reports focus on an epidemic of opioid abuse among young adults, another totally legal and usually hidden drug epidemic is occurring at the other end of the age spectrum: the fistfuls of remedies — both prescription and over-the-counter — taken by older adults. According to the American Association of Consultant Pharmacists, people aged 65 to 69 take an average of 15 prescriptions a year, and those aged 80 to 84 take 18 prescriptions a year. And that’s in addition to the myriad
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Categories: Clippings, Industry News, and Long-Term Care.

Reminder: End of Year Pay Schedule

As the holiday season quickly approaches, it’s easy to forget important dates with all the hustle and bustle. Don’t forget to mark our end of year pay dates in your calendar. Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on the following days: Christmas: Wednesday, December 25, 2019 New Year’s Day: Wednesday, January 1, 2020 The past pay cutoff in 2019 for Life is December 30 and for Health is December 27. This is the last pay cycle to be paid in 2019. Life Cutoff Dates Holiday Date Holiday Observed Cutoff – New
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Categories: Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Good News | There’s Still Time To Earn Some Extra Holiday Cash!

  There’s Still Time To Earn Some Extra Holiday Cash! Remember, Guarantee Trust Life Insurance Company’s 4th Quarter Bonus Programs are still taking place, through December 31, 2019! Cash bonuses are available for qualifying Hospital Indemnity & Precision Care Cancer Insurance, and Medicare Supplement business. Click here for more information on each program   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, Long-Term Care, and Mutual of Omaha (& Affiliates).

“An ‘Epidemic of Loneliness’ in America? Maybe Not”

“An ‘Epidemic of Loneliness’ in America? Maybe Not,” by Amy Norton, US News & World Report   Quote: “Despite media stories about a ‘loneliness epidemic’ plaguing the elderly, two new studies find that they feel no more lonely than their peers from past generations. The studies — one in the United States, one in the Netherlands — reached the same basic conclusion: Yes, people tend to feel more lonely after age 75 or so. But today’s older adults are no more likely to feel isolated or lacking in companionship than previous generations.”   LTC Comment (from Stephen A. Moses, President,
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Categories: Clippings, Industry News, and Long-Term Care.

Special Invitation! 2019 Industry Updates featuring Jesse Slome

  Join us for an exciting Industry Updates presentation! Our very own Dennis Rinner will interview LTC Industry Expert and Director of the American Association of Long-Term Care Insurance (AALTCI), Jesse Slome. Join us for expert-level insight on the current state of the LTC industry, details on some of the year’s most stunning changes, the surge in public awareness and how identified increases in LTC care costs are changing the preferred setting of senior care. This is a special, one-time presentation that will not be repeated. Register now!   Questions? Call the GoldenCare Marketing Team at 800-842-7799! Don’t forget to
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Categories: GoldenCare News, Industry News, and Long-Term Care.