In-Force Rate Action Announcement: North Dakota (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. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 72.8% phased 20%, 20%, 20% cumulative 72.8% phased 20%, 20%, 20% cumulative       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Connecticut (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. Connecticut has now allowed the following increase: Connecticut Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 18% 18%       This rate increase applies to partnership, non-partnership and non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder
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Categories: Genworth, Industry News, and Long-Term Care.

Use the LTCi Sales Ideas Flyers to Grow Your Business

Our long-term care insurance policies have several great benefits. The sales ideas flyers listed below are the way you can promote these benefits to your clients. Buy-Up Option — allows clients to increase inflation protection once a year. Only available on Mutual Care Custom Solution policies Cash and Reimbursement — let your clients choose how they want to receive benefits Return of Premium — an additional rider that can be offered to clients if they are hesitant on buying a LTC policy. There is an additional charge for this rider Care coordination — a built in benefit that will help
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Update Contact Information on SPA

Is your contact information up to date? Ensure we have your current contact information. This information is used when completing e-Applications, for promotional mailings or email announcements we may send. It only takes a few minutes to verify/change your contact information we have on file: Log on to Sales Professional Access (www.mutualofomaha.com/broker) In the upper right-hand corner, select the image of the person Select “Profile” Review your information Update as needed your email address, mailing addresses and/or phone numbers After the change(s) are made, click “Update” It’s that easy to ensure we have your correct contact information. If you have
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Categories: Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“Crisis in care | Lack of quality caregivers, constant turnover tough on the disabled, families”

“Crisis in care | Lack of quality caregivers, constant turnover tough on the disabled, families,” by Rita Price, The Columbus Dispatch Quote: “Demand is soaring for a workforce to help people with intellectual and developmental disabilities live as they and their families choose. But low wages, high levels of responsibility and a lack of awareness about “direct-support professional” jobs has led to a staffing crisis that threatens the promise of community living for thousands of Ohioans and others throughout the nation.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Blame low reimbursement from public financing. Solution:
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Categories: Clippings, Industry News, and Long-Term Care.

“Wisconsin’s Long-Term Care Workforce At ‘Crisis Level,’ Report Finds”

“Wisconsin’s Long-Term Care Workforce At ‘Crisis Level,’ Report Finds,” by Brady Carlson, Wisconsin Public Radio Quote: “A coalition of Wisconsin health care organizations is warning that the state’s shortage of long-term care providers continues to grow. The study, put together by several groups across the state, says 1 in 5 direct caregiver positions in the state is going unfilled. That’s up from 1 in 7 positions in 2016. Starting wages in the profession are so low that many potential workers never apply, according to the report. The median hourly starting wage for personal caregivers is $10.75 an hour, according to
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Categories: Clippings, Industry News, and Long-Term Care.

“Visit from home care nurses linked to more emergency department use by seniors”

“Visit from home care nurses linked to more emergency department use by seniors,” by Marty Stempniak, McKnight’s LTC News Quote: “Pouring over 2015 home care billing data from Ontario ED visits, Canadian researchers found that those who received a home care visit from a nurse had an increased likelihood of visiting the ED after 5 p.m. that same day. That flies in the face of assertions that boosting homecare might help to alleviate such costly ED trips, according to the study, which was published in the Canadian Medical Association Journal.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term
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Categories: Clippings, Industry News, and Long-Term Care.

Genworth’s eSuite Turns 1!

April marks one year since we launched our eSuite of new business tools. If you haven’t used it yet, call us for a demo. The cornerstone of eSuite is our eApplication (eApp). Easy eApp is much more than a fillable PDF. You can easily navigate through the long term care insurance application. Plus, when you are done, everything is in good order! Fast to Faster eApp significant cuts down on cycle time, especially if an applicant is under age 60. We typically issue policies for ages under 60 in a little as 15 days. eApp is fast, but the experience
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Categories: Genworth, Industry News, and Long-Term Care.

“How to Talk About Moving to a Retirement Home: ‘It’s a Journey’”

“How to Talk About Moving to a Retirement Home: ‘It’s a Journey’,” by Peter Finch, New York Times Quote: “Having a conversation about moving — whether it’s with a relative, even a spouse — brings up lots of anxiety. Here’s how to go about it. … A specialist in senior moving might be the answer to that problem. A cottage industry of these consultants has sprung up in recent years, and today the National Association of Senior Move Managers has more than 1,000 members.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Some helpful ideas for
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Categories: Clippings, Industry News, and Long-Term Care.

“2017 Profile of Older Americans”

“2017 Profile of Older Americans,” The Administration for Community Living, which includes the Administration on Aging Quote: Over the past 10 years, the population age 65 and over increased from 37.2 million in 2006 to 49.2 million in 2016 (a 33% increase) and is projected to almost double to 98 million in 2060. Between 2006 and 2016 the population age 60 and over increased 36% from 50.7 million to 68.7 million. The 85 and over population is projected to more than double from 6.4 million in 2016 to 14.6 million in 2040 (a 129% increase). Racial and ethnic minority populations
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Categories: Clippings, Industry News, and Long-Term Care.