“Medicare Advantage Plans Can Pay for Many LTC Services in 2019: Feds”

May 8, 2018 | by | Comments Off on “Medicare Advantage Plans Can Pay for Many LTC Services in 2019: Feds”

“Medicare Advantage Plans Can Pay for Many LTC Services in 2019: Feds,” by Allison Bell, ThinkAdvisor Quote: “The Centers for Medicare and Medicaid Services is getting ready to let Medicare Advantage plan issuers add major new long-term care benefits to their supplemental benefits menus.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Medicaid made nursing home care free in 1965 without enforcing spend-down rules thus desensitizing the public to LTC risk, locking in institutional bias, and impeding private financing of LTC through savings, home equity conversion and private insurance. This new government venture into “free LTC”
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Categories: Clippings, Industry News, and Long-Term Care.

Quick Tip: Quoting with MutualCare® Solutions Software

May 8, 2018 | by | Comments Off on Quick Tip: Quoting with MutualCare® Solutions Software

Scenario: In today’s world, it seems everyone is constantly looking for larger screens. If you’re working on a computer with a relatively small screen (or simply need to declutter the space you have), make the most of your workspace using this tip! The MutualCare® Solutions software allows you to pin the blue Client/Agent column to left side of the software window. As long as the pin points down, your blue column will remain visible along the left side of the software window for easy access. If clicked, the blue column will shrink and turn dark red, indicating that the column
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Categories: GoldenCare News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Transamerica Long Term Care Update (ND, SD & MT)

May 7, 2018 | by | Comments Off on Transamerica Long Term Care Update (ND, SD & MT)

STATE OF NORTH DAKOTA, SOUTH DAKOTA, AND MONTANA May 2, 2018 Transamerica Life Insurance Company remains committed to you and to the long term care insurance market. As such, it’s important that we modify our premium rates for new TransCare® II  business to reflect actual claims experience by policyholders. These rate changes will also maintain consistency in our pricing across our product portfolio which will allow Transamerica Life Insurance Company to remain highly competitive within the marketplace. These refreshed rates are exclusively for new sales of TransCare® II  in the states of North Dakota, South Dakota and Montana, and will
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Categories: Industry News and Long-Term Care.

State Replacement Regulations Reminder For All Insurance Products

May 4, 2018 | by | Comments Off on State Replacement Regulations Reminder For All Insurance Products

Please remember that all states have regulations governing replacement and/or churning activity. Replacement regulations require additional paperwork to be provided to the applicant/annuitant and submitted with the application. Failure to comply with regulatory requirements will result in processing delays for you and your client(s). In addition, the Genworth companies (Genworth) have adopted and published a Replacement Policy that details the company’s position on replacement activity. To read the policy in its entirety, click the link below: State Replacement Regulations Reminder For All Insurance Products #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Nevada (Privileged Choice® and Classic Select®)

May 4, 2018 | by | Comments Off on In-Force Rate Action Announcement: Nevada (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. Nevada has now allowed the following increases: Nevada Product Series Increase Percentage Privileged Choice 55.0% phased 15%, 20%, 12.3% cumulative Classic Select 55.0% phased 15%, 20%, 12.3% cumulative     This rate increase applies to AARP® 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 notifications. Policyholder notifications will
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Categories: Genworth and Long-Term Care.

In-Force Rate Action Announcement: Delaware (PCS I, PCS II, Choice 1)

May 4, 2018 | by | Comments Off on In-Force Rate Action Announcement: Delaware (PCS I, PCS II, 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. Delaware has now allowed the following increase: Delaware Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS I 59.6% phased 30%, 22.8% cumulative 80.2% phased 30%, 30%, 6.6% cumulative PCS II 58.7% phased 30%, 22.1% cumulative 78.3% phased 30%, 30%, 5.5% cumulative Choice 1 58.1% phased 30%, 21.6% cumulative 77.3% phased 30%, 30%, 4.9% cumulative  
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: North Dakota (Choice 1)

May 4, 2018 | by | Comments Off on 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)

May 4, 2018 | by | 1 Comment

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

May 4, 2018 | by | Comments Off on 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

May 4, 2018 | by | Comments Off on 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).