“LTCA Announces Top Long-Term Care Producers of 2017,” PR/Web “Long Term Care Associates, Inc. (LTCA) has closed the 2017 qualification period and named its top ten finalists in the field of long-term care (“LTC”) planning. These ten specialists will be formally recognized at a conference held in their honor in Washington, DC between October 4th – 7th. Several of the nation’s leading LTC insurers will be sending ambassadors.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Congratulations to Center-corporate-member LTCA and all its honorees! People with dementia fail to get specialist care despite great need #goldencareagent
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“People with dementia fail to get specialist care despite great need”
“People with dementia fail to get specialist care despite great need,” Medical Xpress “People suffering in the late stages of dementia receive most of their healthcare from GPs or emergency services rather than from specialist health care professionals, despite them having complex needs, researchers at UCL have found. While those with advanced dementia often suffered chronic pain and psychiatric symptoms that persisted over many months, they had little contact with specialist services such as palliative care, geriatrics or mental health. Only 1% of people with advanced dementia were seen during the follow up period of the study by a geriatrician
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“A Prime Time to Plan for Long-Term Care Is After Arranging It for Someone Else”
“A Prime Time to Plan for Long-Term Care Is After Arranging It for Someone Else,” Advisor Magazine “Have you been called upon to arrange care for an aging parent or other loved one? If so, ‘it can be a blessing in disguise,’ says Denise Gott, CEO of ACSIA Partners, one of the nation’s largest long-term care insurance agencies. ‘It can inspire you to plan ahead for your own care, without delay.’” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Hear, hear! A Prime Time to Plan for Long-Term Care Is After Arranging It for Someone Else #goldencareagent #long-term
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LTCi Underwriting Update: “Other than applied for” cases
In an effort to increase customer satisfaction with a Long-Term Care policy issued by Mutual of Omaha and align ourselves with other Mutual of Omaha Underwriting Departments, we plan to implement a new process effective October 1, 2017. Effective October 1, 2017, when a case has been approved “other than applied for” (except for a better rate), Underwriting will reach out to the producer and inquire whether the producer will be able to place the policy with the rate and benefit changes (if any) proposed by Underwriting. Underwriting will hold the policy for 14 calendar days for the producer to
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LTCi Premium Paid to Date and Termination Date Changes
Effective 10/16/17, when the full modal premium is not received, the policy will terminate as of the paid to date and the partial payment will be refunded. The following disclosures will be added to the final billing notice and also the billing statement in order to ensure that your clients are put on notice of this handling. Final Billing Notice Important: If the full balance due is not received by the end of the grace period, your coverage will terminate as of the date the premium was due (except in Maryland which will cancel as of the last day of
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New Supply Order Form
A new Supply Order Form AFN42854_1017 is now available for use on all product lines when placing email orders for marketing materials through our Sales Support area. Please begin using this new form immediately. Attached for your convenience is a fillable PDF document that can be downloaded and saved to your files. When needed, complete the order form and email to: fulfillment.services@mutualofomaha.com. The order form is also available to view and download on Sales Professional Access www.mutualofomaha.com/broker under Forms and Materials. If you have questions, please call Mutual of Omaha’s Sales Support at (800) 693-6083. New Supply Order Form
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“Long-Term Care Insurance Depends on Genworth-Oceanwide Transaction”
“Long-Term Care Insurance Depends on Genworth-Oceanwide Transaction,” by Jesse Slome, Observer “Genworth has been clear: Without the Oceanwide transaction, the company would likely cease writing new LTC policies and potentially fully exit the LTC marketplace, which may cause other market participants in an already shrinking industry to follow suit, ultimately resulting in the elimination of the private LTC market. These potential consequences would place further stress on an already overburdened Medicaid program and on individuals and families across the U.S., with the middle class feeling the greatest impact.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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Genworth, Industry News, and Long-Term Care.
“Editorial: The feds should let the Genworth deal go forward”
“Editorial: The feds should let the Genworth deal go forward,” Richmond Times-Dispatch “Slammed by huge losses in its long-term care insurance business, Henrico-based Genworth has struck a deal with a Chinese company that wants to buy it. But federal regulators are standing in the way. “China Oceanwide would rely on Genworth’s expertise to build its own insurance portfolio in China. If the Chinese company is allowed to acquire Genworth, it has pledged to inject $1.1 billion into the insurer’s balance sheet. That’s in addition to the approximately $2.7 billion it’s paying to buy the local company. “If it can’t, Genworth
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Genworth, Industry News, and Long-Term Care.
“The Call-In: Elder Care”
“The Call-In: Elder Care,” by Lulu Garcia, NPR “You know, I run a business. And I have a son. And we – we’re very, very lucky that my father had put in place long-term care insurance. And it has not kicked in yet, but he has been approved. That will help some of it. And then my father has put in place some monies. And I have figured out my mind that we can do this.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Still waiting for a call in about how wonderful their Medicaid nursing
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“How to Get Medicaid for Nursing Home Care Without Going Broke”
“How to Get Medicaid for Nursing Home Care Without Going Broke,” by Jane Wollman Rusoff, ThinkAdvisor “Well-off people can easily go broke paying for sky-high nursing home care: First they deplete their own funds and then, eventually needing Medicaid, spend down nearly all the rest of their assets to qualify for that government program designed for low-income individuals.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This is a lie, not just ignorance, because the author, a Medicaid planner, knows better. Going broke for LTC before qualifying for Medicaid is the exception, not the rule. Read
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