“CMS overhaul of Medicaid may face legal challenges”

“CMS overhaul of Medicaid may face legal challenges,” by Virgil Dickson, Modern Healthcare “The CMS will approve requests coming in from various states to impose work requirements on Medicaid enrollees, according to CMS Administrator Seema Verma. While only a handful of states have asked for waivers for the requirement, others could follow.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): If CMS will approve waivers to require the able-bodied to work to receive Medicaid, then it’s hopeful waivers to reduce the LTC home equity exemption or close other eligibility loopholes would pass muster too. CMS overhaul
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Categories: Industry News and Long-Term Care.

“Humana Finds New Home for LTCI Unit”

“Humana Finds New Home for LTCI Unit,” by Allison Bell, ThinkAdvisor “Humana Inc. is paying a unit of HC2 Holdings Inc. $203 million to provide a good home for its stand-alone long-term care insurance business. Continental General Insurance Company, an insurance company subsidiary of HC2, is paying Humana $10,000 to acquire the stock of Humana’s KMG America Corp. subsidiary. KMG America is the parent of Kanawha Insurance Company, a company that is providing stand-alone long-term care insurance for about 31,000 people. Humana has been running the Kanawha LTCI business as a ‘closed block’ business, meaning that it continues to administer existing policies but
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Categories: Humana, Industry News, and Long-Term Care.

“Financial Caregiving’ Is Widespread and Expensive”

“‘Financial Caregiving’ Is Widespread and Expensive,” by Emily Zulz, ThinkAdvisor “While many aspects of caregiving have been previously studied, financial caregiving remains largely unexamined. A Merrill Lynch study, conducted in partnership with Age Wave — “The Journey of Caregiving: Honor, Responsibility and Financial Complexity” — finds that 92% of caregivers say they are also financial caregivers, performing at least one aspect of financial caregiving during their caregiving journey. . . . In fact, according to the report, after two years of receiving care, 88% of care recipients are no longer managing their finances independently.” LTC Comment (from Stephen A. Moses, President, Center
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Categories: Industry News and Long-Term Care.

GoldenCare Newsletter | November 6, 2017

In this GoldenCare Newsletter Edition From GoldenCare: Join us for a very special event generate TODAY!   Generate prospects with this complimentary Award Winning Health and Wellness Hub. Register Now See our full list of hot training topics and register for an event today! We have two Guest Articles in this edition is  “Why LTC Needs to Be Included in a Retirement Plan: Part 1,” by Sandra Timmerman, ThinkAdvisor and “IRS Issues Long-Term Care Premium Deductibility Limits for 2018,” ElderLawAnswers. Enjoy! Industry Updates: We have many Industry announcements in this edition: From Mutual of Omaha: See the Newsletter for a Quick Tip on Quoting
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Categories: GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, Securian, and Transamerica.

New EssentialLTC Consumer Website

The EssentialLTC Consumer Website Launches 11/6! To better support your business and clients, we’ve created a new EssentialLTC consumer website! Effective 11/6, when visiting www.ngl-essentialLTC.com your clients can access a high-level overview on long term care and the EssentialLTC plan features. If you’re not yet familiar with National Guardian Life Insurance Company (NGL) and EssentialLTC, we invite you to visit the Agent Resource Center and register for an upcoming webinar on 11/8 to learn how you can grow your LTCi business. For those that are already busy selling EssentialLTC, but haven’t visited the Agent Resource Center lately — please take
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Categories: Industry News, Long-Term Care, and National Guardian Life.

NGL: New Underwriting Prequalification Form Available

To better assist agents with prequalifying the health history of potential applicants, National Guardian Life Insurance Company (NGL) has introduced a new Underwriting Prequalification form! NOTE: Due to HIPAA privacy requirements, please do not include any information that may identify the potential applicant such as individual’s name or social security number. Remember that any opinion provided by an NGL underwriter regarding insurability and/or a rate class recommendation during the pre-qualification process is not binding on the Company. Final underwriting decisions are only reached based on a applicant being fully underwritten. If you have questions , please call NGL at (888)
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Categories: Industry News, Long-Term Care, and National Guardian Life.

EssentialLTC New Partnership State Release – Florida

National Guardian Life Insurance Company (NGL) is pleased to announce that an additional state has approved their new long-term care insurance plan, EssentialLTC! As of November 6, 2017, EssentialLTC will become available for sales in the state of Florida! This is also the newest state to have approved Partnership status. Upcoming State Releases: • California, New Jersey, Hawaii — End of 2017 / Early 2018 • Partnership Compact States — End of 2017 If you have questions , please call NGL at (888) 505-2332 or email status@ngl-essentialLTC.com.   #goldencareagent #ngl >   Related: EssentialLTC News: Upcoming State Releases
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Categories: Industry News, Long-Term Care, and National Guardian Life.

“Living Well, Even With Alzheimer’s”

“Living Well, Even With Alzheimer’s,” by Gayatri Devi, Wall Street Journal “Many people have the idea that Alzheimer’s is a one-way street to inexorable decline. They believe that treatment is ineffective, which often discourages them from seeking a diagnosis when facing memory loss. But the reality of the disease is very different. Having worked as a neurologist for over 20 years, I see Alzheimer’s not as a single disease but as a spectrum disorder—with a wide range of symptoms, responses to treatment and prognoses. Early diagnosis and treatment has kept many of my patients stable.” LTC Comment (from Stephen A.
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Categories: Industry News and Long-Term Care.

“How California skims federal Medicaid payments to fund a powerful union,” by Sam Han and Will Swaim, California Policy Center”

“How California skims federal Medicaid payments to fund a powerful union,” by Sam Han and Will Swaim, California Policy Center “Medicaid pays for elderly and disabled individuals who need support with activities of daily living to receive support at home from a caregiver. But California and 10 other states deduct union dues from caregivers’ Medicaid payments, in many cases without the knowledge or approval of patients and their caregivers. Given the fact that many caregivers work in their own homes caring for loved ones and relatives, unions typically have little role to play in exchange for the dues they collect.
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Categories: Industry News and Long-Term Care.

“Health Care Spending Could Reach 40% of Federal Total by 2047”

“Health Care Spending Could Reach 40% of Federal Total by 2047,” by Maggie Flynn, Skilled Nursing News “If current policies don’t change, federal spending on Medicare, Medicaid, and other health care programs will grow faster than any other category over the next three decades — eventually reaching 40% of the federal budget. The Congressional Budget Office (CBO) presented these statistics in a Wednesday presentation to the Council for Affordable Health Coverage and the American Action Forum, painting a striking picture of the future of Medicaid, the number-one skilled nursing payer.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Something has
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Categories: Industry News and Long-Term Care.