GoldenCare Newsletter | January 6, 2020

Read Full GoldenCare Newsletter, January 6, 2020 Edition 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 LTCCEO Updates: Be sure you’ve got the latest version!  Double click “Check for Updates” on your desktop to receive the latest update or call us at 800-842-7799! Happy Selling! Current Promotion: Check back for our next exciting promotion!
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“Bundles cut spending on joint replacements, but not for other conditions”

“Bundles cut spending on joint replacements, but not for other conditions,” by Harris Mayer, Modern Healthcare     Quote: “Medicare’s voluntary bundled-payment program for hip and knee replacements reduced spending by 1.6% from 2013 to 2016 — less than previously estimated — with no overall change in quality, according to a new study in Health Affairs. Another new Health Affairs study reported that lower extremity joint replacement is the only type of clinical episode in Medicare bundled-payment programs that has produced savings so far. The meta-analysis found no evidence of reduced spending or quality improvement for other clinical episodes.” LTC Comment (from
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Categories: Clippings, Industry News, and Long-Term Care.

“How Much Do Medicare Beneficiaries Spend Out of Pocket on Health Care”

“How Much Do Medicare Beneficiaries Spend Out of Pocket on Health Care?,” by Juliette Cubanski  Wyatt Koma, Anthony Damico, and Tricia Neuman, KFF Issue Brief     Quote: “The oldest beneficiaries in traditional Medicare, people ages 85 and older, spent more than twice as much out of pocket as beneficiaries between the ages of 65 and 74 ($10,307 versus $5,021). This difference was primarily due to significantly higher spending on long-term care facility services among beneficiaries in the oldest age group. … In 2016, people with traditional Medicare spent an average of $5,460 out of pocket for health care expenses, including premiums, cost
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Categories: Clippings, Industry News, and Long-Term Care.

“The Health Care Promises We Cannot Keep”

“The Health Care Promises We Cannot Keep,” by Judith Graham, Kaiser Health News     Quote: “For family caregivers, this is a common, anxiety-provoking dilemma. They’ll promise Mom or Dad that they can stay at home through the end of their lives and never go to assisted living or a nursing home. Or they’ll commit to taking care of a spouse’s needs and not bringing paid help into the home. Or they’ll vow to pursue every possible medical intervention in a medical crisis. Eventually, though, the unforeseen will arise ― after a devastating stroke or a heart attack, for instance,
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Categories: Clippings, Industry News, and Long-Term Care.

“7 Rules For Wealth: #3 Long-Term Care End Run”

“7 Rules For Wealth: #3 Long-Term Care End Run,” by William Baldwin, Forbes     Quote: “People of limited means shouldn’t put money into LTC policies; they can reasonably expect that Medicaid will cover their stay. Prosperous people shouldn’t, either; they can fund a nursing home out of what would have been a legacy. … Plan on using home equity to cover the nursing bill. That means the mortgage should be paid off before you retire. If it isn’t, you were living beyond your means. Keep working until you own the house. If the house is paid for, then if
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Categories: Clippings, Industry News, and Long-Term Care.

NGL launching new LTC sales team

NGL has exciting plans for our long term care product in 2020, including enhancing our technology offerings, building and implementing robust sales and marketing plans and growing the business. New this year we have an experienced NGL team in place who are dedicated to long term care sales and marketing. If you haven’t already heard from them, Joe, Lori or Lawrence will be reaching out to you in the upcoming weeks to learn how we can best offer training and application materials, guides, etc. to make selling NGL’s EssentialLTC long term care product easier for you. Joe has more than
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Categories: Industry News, Long-Term Care, and National Guardian Life.

Updated Personal Worksheets for Montana and North Dakota

Effective January 1st, 2020, the Montana and North Dakota paper and e-app personal worksheets have been updated. MT LTC13: M119106_MT (Potential Premium Increase form) replaces M28370 M28385_MT (MT LTC13 Outline of Coverage form) updated, same form number ND LTC13: M119106 (Potential Premium Increase form) replaces M28370 Old forms will not be accepted after January 31st, 2020.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or email sales.support@mutualofomaha.com.   Updated Personal Worksheets for Montana and North Dakota   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“New York slashing Medicaid payments by 1% as state faces massive $6 billion budget deficit”

“New York slashing Medicaid payments by 1% as state faces massive $6 billion budget deficit,” by Dennis Slattery, New York Post   Quote: “The state Health Department is cutting Medicaid payments by 1% starting Wednesday as the Cuomo administration seeks ways to reduce a ballooning budget gap projected to exceed $6 billion. A notice in the New York State Register published Tuesday said the move will reduce gross Medicaid payments, including federal matching aid, by $124 million in the final quarter of the current fiscal year and $496 million in following years. … The cut applies to the majority of
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Categories: Clippings, Industry News, and Long-Term Care.

“The 2020s Will Be A Tipping Point For Elder Care In The US”

“The 2020s Will Be A Tipping Point For Elder Care In The US,” by Howard Gleckman, Forbes   Quote: “As 2020 dawns, the US is about to reach a critical, historic tipping point in its need to care for frail older adults. And we are tragically unprepared. In just five years, the first of the 77-million strong Baby Boom generation will reach age 80—the time when people’s frailty increases dramatically and they begin to need high levels of long-term supports and services. And by the end of the new decade, millions of those early Boomers will reach 85, when their
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Categories: Clippings, Industry News, and Long-Term Care.