Effective June 18, 2019 we are implementing updated TransCare II Application and Disclosure Packets for the various states due to adding the 3% Compound Benefit Increase Option Rider. Click here for state availability. Previous versions of the packets will need to be signed on or before June 17th and received on or before June 25th, 2019. Questions? Please contact Transamerica’s LTC sales desk at 888-545-2713. Important TransCare II Application and Form Changes #goldencareagent #transamerica
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LTC Inflation Protection Buy-Up Option
Your clients need to be assured the LTCi policy they purchase today will be enough to help pay for services they may need in the future. And there’s good news! The Mutual Care Custom Solution policy includes an inflation protection buy-up option that allows clients to increase their inflation protection percentage annually. This important feature also enables your clients to to decrease their inflation percentage at any time. Best yet, any gains previously applied to the policy are theirs to keep. Offering a benefit with flexibility to meet your client’s changing needs could be the competitive advantage you need to
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NGL Welcomes Lori Gubash as New National Sales Vice President
Lori Gubash has joined NGL as their National Sales Vice President. Many of you may know Lori from her years at Newman LTC as their National Sales Director. “I am pleased to join NGL during this time of growth and look forward to building brand recognition for the individual portfolio of products, including the EssentialLTC product,” Lori said. View the press release We’re excited to have Lori on the EssentialLTC Team! If you have questions, please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com. NGL Welcomes Lori Gubash as New National Sales Vice President #goldencareagent #ngl
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In-Force Rate Action Announcement: Kentucky (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. Kentucky has now allowed the following increases: Kentucky Non-AARP Product Series Increase Percentage Privileged Choice 35% Classic Select 35% Kentucky Non-AARP Product Series Increase Percentage Privileged Choice 41.84% phased 20%, 18.2% cumulative Classic Select 41.84% phased 20%, 18.2% cumulative This rate increase applies only to policies that include a simple or compound Benefit Increase Option (BIO). Communications Timeline Servicing agents will receive a list
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Have You Tried the LTC Cost of Care Calculator?
Do your clients realize how expensive long-term care services can be? Based on national average costs, people can expect to pay more than $91,000 per year for a semiprivate room in a nursing home** – and that figure is expected to keep rising. Use our Cost-of-Care Calculator to Help Your Clients Understand the Need Mutual of Omaha’s Cost of Care calculator on our LTC Rider site provides national and state averages for a variety of long-term care services, including those received at home, in an assisted living facility and in a nursing home. It also provides estimates of what future
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Let’s Talk About Our Underwriting Guidelines
Our Next “Underwriting Operation” Teleconference is scheduled for 10 a.m. CST June 20th, 2019 Topic: Let’s Talk About Our Underwriting Guidelines We invite you to talk to our leadership to talk about the underwriting guidelines Mutual of Omaha is currently reviewing. Do you agree? Share your feedback and gather more insight on what you’d like to see change in the future. When: Thursday, June 20 at 10 am CT Conference Number: 1-866-220-3018 Conference ID: 5172044 Check out this flyer for all the details. Do you have questions on the topic, or do you have something you’d like to discuss?
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Good News | Is CI/DI Your Niche? Check Out Omaha’s New Sales Incentive
Take Advantage Of Mutual of Omaha’s CI/DI Incentive! Gear up for more sales in 2019! For every qualifying Mutual of Omaha Critical Advantage and Disability Income Insurance application you submit now through November 30, 2019, you may be eligible for an extra reward! Cross the finish line and win big with this Mutual of Omaha incentive! For contest information, click here. Don’t forget! Our current promotion on Mutual of Omaha LTC insurance sales may also put extra cash in your pocket, now through the end of June! Read Full Good News Announcement Questions? Call the GoldenCare Marketing Team at 800-842-7799!
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“10 Things to Know About Medicare Part D Coverage and Costs in 2019”
“10 Things to Know About Medicare Part D Coverage and Costs in 2019,” by Juliette Cubanski, Kaiser Family Foundation “The Medicare Part D program provides an outpatient prescription drug benefit to older adults and people with long-term disabilities in Medicare who enroll in private plans, including stand-alone prescription drug plans (PDPs) to supplement traditional Medicare and Medicare Advantage prescription drug plans (MA-PDs) that include drug coverage and other Medicare-covered benefits. This analysis provides the latest data about Medicare Part D coverage and costs in 2019 and trends over time.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care
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Clippings, Industry News, and Long-Term Care.
“Skilled nursing chain’s collapse leaves HUD holding the bag on $146M”
“How to Pick Your Retirement Home When There Are More Choices Than Ever,” by Reshma Kapadia, Barron’s “And shoppers certainly have plenty to choose from, as the new iterations of senior housing run the gamut. Condos equipped with aging-friendly counters and wheelchair-friendly doorways are popping up near major metro areas in mixed-use condo buildings, adjacent to bike trails and within walking distance of restaurants, entertainment, and transportation. Assisted-living and continuing-care retirement communities offer independent living, but also assisted living, memory care, and nursing homes on campus. They can boast executive chefs, concierge services, and amenities on par with four-star resorts.”
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Clippings, Industry News, and Long-Term Care.
“2018 Profile of Older Americans”
“2018 Profile of Older Americans,” Administration for Community Living “In the United States, the population age 65 and over numbered 50.9 million in 2017 (the most recent year for which data are available). They represented 15.6% of the population, more than one in every seven Americans. The number of older Americans increased by 13 million or 34% since 2007, compared to an increase of 4% for the under-65 population.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This annual report is the best statistical snapshot you’ll find of aging in America.
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Clippings, Industry News, and Long-Term Care.
