“Second hospice employee pleads guilty in alleged $60 million kickback scheme involving assisted living communities,” by Lois A. Bowers, McKnight’s Senior Living “A second former employee of a now-defunct hospice company has pleaded guilty for her role in an alleged $60 million Medicare fraud scheme that, according to the U.S. Attorney’s Office for the Northern District of Texas, paid assisted living communities and physicians in exchange for referring ineligible Medicare or Medicaid beneficiaries, some of whom then were given excessive dosages of medication that injured or killed them.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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GoldenCare Newsletter | June 18, 2018
In this GoldenCare Newsletter Edition From GoldenCare: Update Your Contracts The newest version of LTC CEO Office, Home and Internet Selling Tools Software is now available! Making a good decision on whether or not to own Long Term Care insurance depends upon receiving factual information on the subject. LTCCEO was developed to offer our clients the knowledge they need to make wise decisions. Find out how to get your copy here. Diversify your portfolio for greater sales success! Our new training schedule is posted! Join us for complimentary product and sales training and receive a Continuing Education Voucher for each
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“Research shows that the prevalence of dementia has fallen in the United States”
“Research shows that the prevalence of dementia has fallen in the United States,” by Judith Graham, Washington Post “New research about ‘cognitive life expectancy’ — how long older adults live with good vs. declining brain health — shows that after age 65, men and women spend more than a dozen years in good cognitive health, on average. And, over the past decade, that time span has been expanding. … Even when these conditions surface, many seniors retain an overall sense of well-being, according to new research presented in April at the Population Association of America’s annual meeting.” LTC Comment (from
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“Five myths about Alzheimer’s disease”
“Five myths about Alzheimer’s disease,” by Denise C. Park, The Washington Post “Fritz Gilbert knew in his 20s that he did not want to die at his desk. Gilbert, 55, who retired last week, started saving decades ago for what could be one of our most fraught decisions: When to retire? The question is deeply personal. It requires a brutal look at your life. Some people get a pit in the stomach when they think about saying goodbye to that paycheck. Or at the prospect of deconstructing a nest egg they spent decades building. They might worry about feeling irrelevant
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“Dying at your desk is not a retirement plan”
‘Dying at your desk is not a retirement plan,’” by Thomas Heath, The Washington Post “Fritz Gilbert knew in his 20s that he did not want to die at his desk. Gilbert, 55, who retired last week, started saving decades ago for what could be one of our most fraught decisions: When to retire? The question is deeply personal. It requires a brutal look at your life. Some people get a pit in the stomach when they think about saying goodbye to that paycheck. Or at the prospect of deconstructing a nest egg they spent decades building. They might worry
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Rate Adjustments Effective September 1, 2018
Long-Term Care insurance (LTCi) is a core product for Mutual of Omaha and we intend to remain a key player in this market for years to come. In order to fulfill this commitment, we actively monitor emerging industry trends as well as our own experience so we can make the adjustments necessary that will allow us to keep our promises to policyholders and remain competitive in the marketplace. For this reason, we will be implementing the following rate adjustments effective September 1, 2018: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Iowa LTC06UI New Jersey For
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Fourth of July Office Closing 2018
Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Wednesday, July 4th for Independence Day. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available Independence Day, Wednesday 7/4/2018 Monday 7/2/2018 Monday 7/2/2018 Friday 6/29/2018 Friday 6/29/2018 Friday 7/6/2018 Weekly and holiday pay schedules are also available on the Sales Professional Access (SPA) website. If you have any questions, please contact your Sales Director
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“Gout Linked to Higher Risk of Dementia”
“Gout Linked to Higher Risk of Dementia,” by Janice Wood, PsychCentral “A new study finds that gout is associated with a 17 to 20 percent higher risk of dementia in the elderly. A common condition, gout is caused by deposits of crystals of uric acid (also known as urate) in the joints, which leads to inflammation. Symptom flares can be unpredictable and debilitating, developing over a few hours and causing severe pain in the joints. … In an analysis that was adjusted for various potential confounding variables, including demographics, comorbidities, and commonly used medications, the study’s results showed that gout
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Mark your calendar: Independence Day Is Wednesday, July 4
National Guardian Life offices will be closed in observance of Independence Day on Wednesday, July 4, 2018. We hope you and your family have a safe and enjoyable Independence Day! #goldencareagent #ngl
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Genworth & Oceanwide CFIUS Review Completed
Committee on Foreign Investment in the United States Completes Review of Proposed China Oceanwide and Genworth Financial Transaction 06/09/2018 RICHMOND, Va., June 9, 2018 /PRNewswire/ — China Oceanwide Holdings Group Co., Ltd. (Oceanwide) and Genworth Financial, Inc. (NYSE: GNW) today announced that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of their proposed transaction and concluded that there are no unresolved national security concerns with respect to the proposed transaction. This satisfies one of the conditions to the closing of the proposed transaction. In connection with the CFIUS review of the proposed transaction, Genworth
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