With the recent approval of the Partnership policy in seven states, we are happy to announce that the exchange of eligible National Guardian Life EssentialLTC policies is scheduled to occur in the following seven states: Georgia Michigan South Carolina West Virginia Idaho Minnesota Washington Exchanges of eligible EssentialLTC policies in these states is scheduled to be completed by July 30, 2018. Eligibility for Exchange to a Partnership policy To be considered as eligible for an exchange to a partnership policy, the inforce EssentialLTC Long Term Care policy would need to meet all of the following LTC Partnership eligibility requirements.
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United Security Assurance – Producers’ Testimonials
Producers’ Testimonials We love hearing from our producers. Building long-standing relationships with our valued producers is the driving force behind everything we do. We go out of our way to see that each and every producer we work with is satisfied with the services our in-house staff provides. Here are a few examples of what some of our producers had to say about our expertise and their experiences with United Security Assurance. Vance M. “Since 1962, I have been an insurance salesman, and have represented a lot of companies in that time. About 27 years ago, I was introduced to
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In-Force Rate Action Announcement: Missouri (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. Missouri has now allowed the following increases: Missouri Product Series Increase Percentage Privileged Choice 39.25% phased 25%, 11.4% cumulative Classic Select 39.25% phased 25%, 11.4% cumulative This rate increase applies to Non-AARP policies only. 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 July 31,
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: Alaska (Choice 1)
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. Alaska has now allowed the following increase: Alaska Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 55% 72% This rate increase applies to Non-AARP policies only. 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
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Genworth and Long-Term Care.
New Long Term Care (LTC) Customers to Receive Welcome Call
Beginning in July, LTC Customer Service is implementing a process of making an outbound call to new customers. The goals of this effort are the following: Welcome the new policyholder to Genworth — Help assist in answering any outstanding questions the customers may have about their policy. Set them up for processes such as Third Party Notifier (TPN), Electronic Funds Transfer (EFT), website registration, information them of HIPAA Authorizations, etc. — TPN and EFT setups can be done on Genworth.com. Registering on Genworth.com provides the customers with the opportunity to view policy values and other details right on the website
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Genworth, Industry News, and Long-Term Care.
The Value of Care Coordination
When a loved one needs help with everyday activities, families often have to act quickly. Faced with countless options to consider and immediate decisions to make, it’s not easy to know who to trust or where to turn for help. Care coordination services – a built-in benefit in Mutual of Omaha’s LTCi policies – provides the help these frazzled families need. Watch a training presentation to see how it benefits your clients. Click the image above or the link below: The Value of Care Coordination If you have any questions, please contact Mutual of Omaha’s Sales Support at (800)
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United Security Assurance – Pre-Qualifications
Pre-Qualifications Email or Call YOUR Underwriting Team! Yes, I said YOUR underwriting team; we are here for you! United Security Assurance encourages you, our valued agents, to call the underwriting team with questions and/or information about your client before you take an application. This way, you will have a better idea of what they will qualify for and what insurance product to offer them. You have an awesome resource on the opposite end of your computer or phone — YOUR underwriting team. Email or call us with your client’s information and we can help you work through questions, as well
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“How Medicare Advantage Fuels Innovation in Care of Seriously Ill”
“How Medicare Advantage Fuels Innovation in Care of Seriously Ill,” by Christopher Cheney, Healio “Medicare Advantage is a hotbed of innovation in efforts to improve care for seriously ill patients, researchers say. ‘The financing structure of Medicare Advantage makes it a fertile testing ground for new payment and care delivery approaches, including value-based payment models,’ the researchers wrote in their report published this month by the Duke Margolis Center for Health Policy.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Score another one for MA vs. traditional Medicare, which not known for innovation. How Medicare Advantage
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Clippings, Industry News, and Long-Term Care.
“Senior living will grow at skilled care’s expense through 2021, report predicts”
“Senior living will grow at skilled care’s expense through 2021, report predicts,” by John O’Connor, McKnight’s Senior Living “Senior living operators can look forward to growth in the coming years, largely at the expense of their skilled-care competitors. So suggests a new report that sizes up the seniors housing and care sector. … The report also predicts that individuals will be responsible for more of their care costs in the coming years, as government funding sources decline. Out-of-pocket expenses will largely fill the growing void, along with private insurance to a lesser extent, the authors predict. The full report, which
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Clippings, Industry News, and Long-Term Care.
“Critical Illness Insurance Sales Rise: LIMRA”
“Critical Illness Insurance Sales Rise: LIMRA,” by Allison Bell, ThinkAdvisor “The U.S. market for a relatively new supplemental health product, critical illness insurance, continues to grow. Premiums from new sales of the product through voluntary benefits and worksite marketing programs increased to $627 million in 2017, up 15% from the 2016 total, according to LIMRA.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): CI up while LTCI down. Any connection? Critical Illness Insurance Sales Rise: LIMRA #limra #goldencareagent
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Clippings, Industry News, and Long-Term Care.
