“What influences older adults’ preferences for care?,” MedicalPress Quote: “The researchers found that support from family was the most important influence on care preferences for older adults. But people also usually formed their preferences based on a variety of factors. They also discovered that it was unusual for older adults to know their care preferences or to have a clear understanding of how they formed their preferences. “The key findings of this study were: The level of support from families was the most important influence on care preferences. Often, older adults changed their preferences based on the concerns of family
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“Using a Health Savings Account to Pay for Long-Term-Care Insurance”
“Using a Health Savings Account to Pay for Long-Term-Care Insurance,” by Kimberly Lankford, Kiplinger Quote: “Q: Can I withdraw money tax-free from my health savings account to pay my long-term-care insurance premiums? If I can, is there a limit to the amount I can use? Does it have to be for a stand-alone long-term-care policy, or can it be for a life insurance policy with long-term-care benefits, too?” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Click through to the article for the answers. Using a Health Savings Account to Pay for Long-Term-Care Insurance #longtermcare #goldencareagent
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“Per-bed SNF price plummets in 2017; NIC’s cross-sector collaboration to support industry”
“Per-bed SNF price plummets in 2017; NIC’s cross-sector collaboration to support industry,” by Kimberly Marselas Quote: “After setting records for five straight years, the average price per-bed for skilled nursing facilities plunged 18% in 2017, according to acquisition data published by Irving Levin Associates on Wednesday. The report and newsletter publishing company blamed the drop (to $81,350 per bed) on Medicare reimbursement cuts, reduced lengths of stay, rising labor costs and declines in occupancy.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): SNFs plunge as ALFs hit new record. See our immediately previous LTC Clipping for
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“Assisted living sets record for price per unit”
“Assisted living sets record for price per unit,” by Lois A. Bowers, McKnight’s Senior Living Quote: “The average price per unit in assisted living increased by 14% to set a record of $221,250 per unit in 2017, according to new acquisition data from Irving Levin Associates. The average cap rate for assisted living communities declined to 7.6%, which contributed to the higher values, the company said.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): ALF per unit price hits new high as SNF per unit price plummets (see next LTC Clipping.) As ALFs crowd out the
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Ohio Severe Storms – Disaster Notification
Area(s) affected: Ohio Counties: Adams, Athens, Belmont, Brown, Clermont, Columbiana, Gallia, Hamilton, Hocking, Jackson, Jefferson, Lawrence, Meigs, Monroe, Muskingum, Scioto and Washington. Start date: February 19, 2018 End date: May 24, 2018 Mutual of Omaha is in the process of identifying customers affected by this event. A special note will be added to these policies in the near future. The grace period will be extended by an additional 30 days on affected policies as well as a message being added to our eService tool. We will exercise leniency in dealing with our customers that have been affected and allow exceptions
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Quick Tip: Quoting with MutualCare® Solutions Software
Scenario: Your clients are considering a Custom Solution long-term care insurance plan with Mutual of Omaha, but are weighing cost and benefit between several different plan designs. The couple may decide on any of the options. How can you quickly and easily compare each plan design, and prevent yourself from having to re-build the plan design they choose? Use the “Quotes” section within your software! Found just below your Agent information, this software feature allows you to easily keep track of different plan designs, toggle between each to show the impact on cost, and have the ability to save many
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Genworth: Write it Right Webinar Series
TrueView UnderwritingSM Write it Right Webinar Series Join us for our first ever, Underwriting Education Month in April. TrueView Underwriting: Write it Right Webinars Presenters: Amy Chambers and RG McGann As part of Underwriting Education Month, we will offer three short webinars designed to help you increase your placement rates so you can insure more clients and earn more commission. The times and topics are below. Sign up for one or more through the links. Tuesdays @ 11 AM or Thursdays @ 2 PM Eastern Time • Underwriting 101 • Common Conditions and Red Flags • The TrueView
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Genworth, Industry News, and Long-Term Care.
In-Force Rate Action Announcement: Louisiana (Pre-PCS, PCS I, PCS II)
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. Louisiana has now allowed the following increase: Louisiana Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Pre-PCS 20% 20% PCS I 20% 20% PCS II 20% 20% This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week
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Genworth and Long-Term Care.
In-Force Rate Action Announcement: Louisiana (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. Louisiana has now allowed the following increases: Louisiana Product Series Increase Percentage Privileged Choice 15% Classic Select 15% This rate increase applies to both 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 begin March 20, 2018 and will continue throughout the
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Genworth and Long-Term Care.
GoldenCare Newsletter | March 12, 2018
In this GoldenCare Newsletter Edition From GoldenCare: Our Winter 2018 GoldenCare Gazette is now available! See the newsletter for your copy! New!! Guarantee Trust Life Insurance Company’s recently-launched Home Health Care product complements the Critical Cash plan so well – it’s a close comparison! Now through the end of May, write both policies on an individual client and DOUBLE your earnings! Get all the details in this Edition. Good Luck! 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 unique event! Voucher
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