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

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.