“Can Alzheimer’s be stopped? Five lifestyle behaviors are key, new research suggests”

“Can Alzheimer’s be stopped? Five lifestyle behaviors are key, new research suggests,” by Linda Carroll, NBC News “There’s no cure for or drug to stop Alzheimer’s disease, but it may be possible to hold off dementia — even in people who have a genetic risk, researchers reported Sunday at the Alzheimer’s Association International Conference. The key is not any one factor, several studies show, but following a combination of healthy lifestyle habits. And the more healthy habits a person adopts, the lower the risk of cognitive decline. … Participants were given lifestyle scores that depended on how many of five possible healthy
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Categories: Clippings, Industry News, and Long-Term Care.

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Categories: GoldenCare News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“Do you have enough home equity to pay for long-term care in retirement?”

“Do you have enough home equity to pay for long-term care in retirement?,” by Bill Schmick, The Berkshire Eagle “A home equity conversion mortgage (HECM) might simply be a fancy term for a reverse mortgage, but there are an increasing number of advisers and planners who are using them for an entirely different strategic planning purpose. If you ask most couples in their 60s and beyond what is one of the greatest fears for their future, I’m betting that going bankrupt and/or losing their home and life savings as a result of nursing home bills would be right up there
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Categories: Clippings, Industry News, and Long-Term Care.

Good News | SecureCare Multi-Pay Now Available In CT & ND

SecureCare Multi-Pay Now Available In CT & ND On June 26, 2019 SecureCare Universal Life Insurance (SecureCare) multi-pay launched in Connecticut and North Dakota. State Availability Map An array of different advisor materials, product highlights and sales ideas are available on the SecureCare Info Site (http://www.securian.com/SecureCare). Click below to view the announcement: SecureCare Multi-Pay Now Available In CT & ND   Read Full Good News Announcement 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 Minnesota Life.

“Bonnie Kraham: What you can and can’t do with a Medicaid Asset Protection Trust”

“Bonnie Kraham: What you can and can’t do with a Medicaid Asset Protection Trust,” by Bonnie Kraham, Times Herald-Record “Following is what you may and may not do with the amazing MAPT. Although the MAPT is an irrevocable trust, you may revoke irrevocable trusts in New York if all the parties, usually the parents and adult children, consent in writing. You may also amend the MAPT, such as changing beneficiaries. … You may save money from nursing home costs even if the assets have not been in the MAPT for five years. For single applicants for Medicaid in a nursing
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Categories: Clippings, Industry News, and Long-Term Care.

“Medicare Advantage And The Future Of Value-Based Care”

“Medicare Advantage And The Future Of Value-Based Care,” by Bruce D. Broussard and William H. Shrank, Health Affairs Blog “The Medicare Advantage (MA) program, which allows Medicare beneficiaries to voluntarily enroll in a private plan that administers health benefits, was established by the Balanced Budget Act (BBA) of 1997 as a vehicle to bring private-sector competition and innovation to Medicare beneficiaries. When the program was announced, the goal was to create greater competition on benefits, care management, and costs, and to offer greater choice and consumer-centricity to America’s seniors. At the time, value-based care, where providers are reimbursed for the health
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Categories: Clippings, Industry News, and Long-Term Care.

“Americans Lose Trillions Claiming Social Security at the Wrong Time”

“Americans Lose Trillions Claiming Social Security at the Wrong Time,” by Ben Steverman, ThinkAdvisor “Almost all American retirees claim Social Security at the wrong time, a new report estimates, which means they will miss out on a collective $3.4 trillion in benefits before they die. … Only 4% of U.S. retirees are waiting until age 70 to claim Social Security; some 57% should be doing so, the report calculated. Meanwhile, more than 70% start taking checks before turning 64, a time when—ideally—only 6.5% of retirees should be cashing checks. The lost income from these less-than-optimal decisions amounts to about $111,000 per household, the researchers estimate.”
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Categories: Clippings, Industry News, and Long-Term Care.

“Caring for Individuals with Alzheimer’s Disease or Related Dementias (ADRD”

“Caring for Individuals with Alzheimer’s Disease or Related Dementias (ADRD),” Administration for Community Living “This profile examines the differences in caregiver demographics and the dynamics at play between those who are caring for an adult at home with ADRD (n=810) and those who are caring for an adult 60 years of age or older at home for another reason (n=756). The mean age of Non-ADRD caregivers was 64, while the mean age of ADRD caregivers was 67. Among all caregivers, the mean age was 65.9. More Non-ADRD caregivers were employed (33%) compared with ADRD caregivers (27%). About three-quarters of both
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Categories: Clippings, Industry News, and Long-Term Care.

“Bonnie Kraham: Avoiding the Medicaid asset spend down for nursing home costs”

Bonnie Kraham: Avoiding the Medicaid asset spend down for nursing home costs,” by Bonnie Kraham, Times Herald-Record “The Medicaid asset ‘spend down’ refers to divesting yourself of assets so you can qualify for Medicaid to pay for nursing home costs. … The best way to avoid the Medicaid asset spend down is to buy long-term care insurance. If you do not have or cannot qualify for long-term care insurance, the next best plan is to create the Medicaid Asset Protection Trust (MAPT) that protects assets from nursing home costs after the assets have been in the trust for five years.
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Categories: Clippings, Industry News, and Long-Term Care.

“Private Equity Firms Are Acquiring Long-Term Care Insurance Policies. What Will It Mean For Policyholders?”

“Private Equity Firms Are Acquiring Long-Term Care Insurance Policies. What Will It Mean For Policyholders?,” by Howard Gleckman, Forbes “Some long-term care insurance companies are turning over their existing policies to private equity firms and other outside investors, a move that will wipe massive liabilities off their books but could put policyholders at risk. The problem: Unlike traditional insurance companies, private equity investors may be investing premiums in high-yielding but speculative securities such as junk corporate bonds. Such a step could boost their returns but, if the investments go bust, leave the firms short of assets to pay claims.”  
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Categories: Clippings, Industry News, and Long-Term Care.