Good News | Omaha Announces Their Continued Commitment To The Market

Amidst Industry Unrest, Omaha Announces Their Continued Commitment To The Market In the wake of John Hancock’s announcement about exiting the Individual LTCi market, many agents are left feeling uneasy. Especially considering LifeSecure’s exit was mere weeks ago. Mutual of Omaha just made an announcement reiterating their commitment to the long-term care insurance market. Click Here to read Mutual of Omaha’s announcement. With this line of business being so incredibly important…   Continued… Read Full Good News Announcement
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Categories: GoldenCare News, Industry News, John Hancock, Life Secure, Long-Term Care, and Mutual of Omaha (& Affiliates).

Mutual of Omaha: Reinforces Their Commitment To Grow LTCi

From the Desk of Adam Walling In lieu of recent announcements, we want to assure our distribution partners that Mutual of Omaha continues to be committed to the Long Term Care Insurance market.  We believe that LTCi provides value through product profitability and company diversification. The product aligns with our mission to help our customers protect what they care about and achieve their financial goals. We believe that it is a growing market with demographic tailwinds and no viable government alternative. We thank you for your continued business and look forward to another successful year. Adam Walling Producer Performance Director
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Important Notice: Discontinuance of Individual LTC Insurance Sales

November 10, 2016 To our LTC Distribution Partners and Producers: After a recent analysis of the macro-economic trends facing the long-term care (LTC) insurance industry, we have made the difficult decision to discontinue sales of our individual LTC insurance policies in all states. As many of you well know, the distribution landscape for LTC insurance has shrunk significantly since the peak of the industry in 2002. Today, there are far fewer outlets through which individual LTC insurance is sold, impacting the growth potential of the product. In addition, consumer demand for individual LTC insurance has fallen and remains stagnant. These
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Categories: Industry News, John Hancock, and Long-Term Care.

Congress Declares November as Long Term Care Awareness Month

by Matt Sussman, Senior Director of Business Development Is it ironic that we share this awareness month with the National Alzheimer Disease Month, Lung Cancer awareness month, or Pancreatic Cancer awareness month? Cognitive issues and cancer are two major reasons someone may need to utilize long term care. We also share this month with National Home Care and Hospice month, National Family Caregiver month and the 41 other November monthly Observations. What makes this month so special to us (long term care insurance agents), is that we get to be a part of it. We also get to be part
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Categories: Long-Term Care and United Security.

“Seniors Suffer Amid Widespread Fraud by Medicaid Caretakers,” by Kaiser Health News

“An Alaska man developed gangrenous toes. A Philadelphia woman froze to death on the street. An Illinois woman died emaciated, covered in excrement. These patients suffered as their government-paid caretakers neglected them, collecting paychecks under a Medicaid program that gives elderly and disabled people non-medical assistance at home. In some cases, the caretakers convicted of neglect were the victims’ own family members. The Personal Care Services program, which exceeded $14.5 billion in fiscal year 2014, is rife with financial scams, some of which threaten patient safety, according to a recent report from the Office of lnspector General at the U.S.
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Categories: Industry News and Long-Term Care.

“Senate Committee Floats Idea of New Medicare Code for Alzheimer’s Planning,” by Argentum

“Senate Finance Committee staff have issued a draft of legislation to address chronic care issues (PDF), which includes asking for a report to Congress to inform the development of a Medicare payment code for creating a long-term care plan for a beneficiary diagnosed with a life-threatening illness such as Alzheimer’s disease.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): One more step in the direction of expanding Medicare to cover long-term care. Senate Committee Floats Idea of New Medicare Code for Alzheimer’s Planning #goldencareagent
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Categories: Industry News and Long-Term Care.

Important Year-End Reminders

The countdown to year end is on, and our focus will be on helping you achieve a strong finish. For cases you are targeting to include in your 2016 sales results, please note the key submission deadlines outlined below. The following deadlines will ensure completion of underwriting, issue and case payment by December 30, 2016. New Business and Underwriting Deadlines Submission Details December 9 Submission of all outstanding underwriting and administrative requirements on your pending cases to LTC New Business. December 21 All checks to put policies in force received in LTC New Business.     If you have questions,
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Categories: John Hancock and Long-Term Care.

GoldenCare Newsletter | November 7, 2016 Edition

In this GoldenCare Newsletter Edition From GoldenCare: In case you missed it:  we have kicked off training on Minnesota Life/Securian’s CareShield and demonstrations on their E-App and Software.    This new product provides both a simplified option for guaranteed premium life insurance protection and a solution for your clients’ future care needs. Also, take advantage of the launch promo and earn: A $300 Visa® gift card for 2 paid CareShield applications, OR A $500 Visa® gift card for 3 paid CareShield applications We have added CareShield to our 3-in-1 Promotion!  Get your apps in cash and a chance at the big
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Categories: Genworth, GoldenCare News, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

“Aging alone: If you’re a single, childless senior who has your back?,” by Michelle Singletary, Washington Post

“There are some useful tips in Painter’s report. Check them out.  Because many people think their long-term care plan is just having money or a long-term care insurance policy. But who will manage getting the benefits under the insurance plan if you can’t? Who do you trust to help with your finances? Who will oversee both your money and care if you’re incapacitated?” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Does LTCI have your six? Aging alone: If you’re a single, childless senior who has your back? #goldencareagent
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Categories: Industry News and Long-Term Care.