“U.S. Dementia Rates Are Dropping Even as Population Ages,” by Gina Kolata, New York Times

“Despite fears that dementia rates were going to explode as the population grows older and fatter, and has more diabetes and high blood pressure, a large nationally representative survey has found the reverse. Dementia is actually on the wane. And when people do get dementia, they get it at older and older ages.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Read this one.  Good news with fascinating details including: “The findings about obesity were especially puzzling. Compared with people of normal weight, overweight people and obese people had a 30 percent lower risk of dementia,
Read More

Categories: Industry News and Long-Term Care.

“Majority of LTC residents turn down dental care, study finds,” by Emily Mongan, McKnight’s LTC News

“Almost 90% of long-term care residents don’t receive dental care during their stay, according to new research.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): What’s the real reason nursing home residents “long in the tooth” don’t get proper dental care?  Two-thirds of them rely on Medicaid and:  “In most states, the largest single financial barrier to dental care is the lack of adequate dental coverage for residents who depend on Medicaid.”  Just one more reason to plan early and avoid dependency on publicly funded LTC. Majority of LTC residents turn down dental care, study finds
Read More

Categories: Industry News and Long-Term Care.

GoldenCare Newsletter | November 21 2016 Edition

In this GoldenCare Newsletter Edition From GoldenCare: The GoldenCare Office will be closed Thurs, November 24th &  Fri, November 25th, for the Thanksgiving Holiday. Please see the newsletter for details on our current promotions! ★ 3-in-1 Promotion (Mutual of Omaha LTCi & Minnesota Life CareShield) The Race To The Finish Line Has Begun! ★ CareShield Sales Incentive Program Downtime during the holidays is the perfect time to brush up on sales skills or learn a new product!   Check out our hot webinar topics and join us for a product demo. Our Guest Article is “Majority of Consumers Nearing or in
Read More

Categories: New Business, GoldenCare News, Industry News, John Hancock, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Important Update on our Individual LTC Insurance Products

This is to inform you of an important development concerning our long-term care (LTC) insurance product portfolio. John Hancock has recently completed another comprehensive claims study, which we generally conduct every three years and which examines the usage trends for our insured population. Similar to our previous analysis, the new data demonstrates that claims, particularly at higher ages, continue to last longer than expected, and more policyholders are initiating claims at older ages than previously expected. Based on that data, we have determined that there is a need to increase premiums on certain policy series. As a result, this month,
Read More

Categories: John Hancock and Long-Term Care.

“5 Trump group long-term care insurance plan facts,” by Allison Bell, LifeHealthPRO

“Donald Trump’s father, Fred Trump, died from pneumonia in 1999, after suffering from Alzheimer’s disease for six years.  The president-elect’s family history could have something to do with the benefits that his New York City-based Trump Payroll Corp. has offered, and his company’s benefits menu could shape how he thinks of insurance, retirement program and employee benefits once he’s in office.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Interesting tidbits re Trump and LTCI. 5 Trump group long-term care insurance plan facts #goldencareagent
Read More

Categories: Industry News and Long-Term Care.

“They’re Growing Older. Their Mortgage Debt Is Growing Deeper.,” by Paula Span, New York Times

“More than three-quarters of Americans over 65 remain homeowners despite housing market gyrations. Those houses usually represent their greatest single asset.  But often there’s little equity left, even as prices have largely recovered, because so many older homeowners have borrowed against their homes.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Rising mortgage debt among retirees is an alarming trend.  Blame the Fed for pushing interest rates so low that elders have to tap home equity to replace lost investment income.  Long-term consequences are serious because home equity will be needed as a fall-back when Medicaid
Read More

Categories: Industry News and Long-Term Care.

“Health savings accounts are a crown jewel of ‘Trump Care’,” by Emma Court, MarketWatch

“At the focal point of President-elect Donald Trump’s plan to replace the Affordable Care Act is a more than decade-old and widely available feature of the U.S. health-care system that, despite its prevalence, has a track record of being underused and misunderstood.  Expanding health savings accounts — which are tax-exempt and used to pay for medical expenses — stands out as one of few details in the president-elect’s bare-bones plan to replace the Affordable Care Act. HSAs have been a hallmark of many Republican health plans because, the argument goes, they make patients more responsible for how they spend medical
Read More

Categories: Industry News and Long-Term Care.

LTCi Industry Updates: 2016 Year-End Grand Finale!

 Ring In 2017 With Our End-Of-Year Grand Finale! Seats Are Now Available, But They’re Already Going Fast! Reserve Yours Today! Register Now To Attend Our Presentation Reviewing The LTCi Market In 2016! (Click on the date/time below to register) Wed, Dec 28, 2016 10:00 AM  to  10:30 AM CST Thurs, Dec 29, 2016 2:00 PM  to  2:30 PM CST This Is Something You DON’T Want To Miss! To Kick Off The New Year: All attendees will be provided with a complimentary Digital Marketing Package, which includes: • 10 “ready-to-use” infographics •  short, consumer-oriented sales videos •  perfectly adaptable sales scripts
Read More

Categories: GoldenCare News, Industry News, and Long-Term Care.

Rate Adjustments Effective Feb. 1, 2017

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 February 1, 2017: Block of Business Impacted States LTC04G Alaska, District of Columbia, Hawaii, Massachusetts, New Jersey, Pennsylvania, South Carolina,
Read More

Categories: Long-Term Care and Mutual of Omaha (& Affiliates).