Scenario: Despite discussing the importance of Long-Term Care insurance during every client meeting, it seems weeks have passed since you have opened the quoting software. The clients you’re working with now are interested and have inquired about cost. How can you be sure your quote reflects current and correct premiums? If running quotes with the MutualCare® Solutions software, there’s no more second-guessing! The software shows you whether you’re using the latest version! Did You Know? When updates to the MutualCare® Solutions software become available, the yellow notification button (below) will appear in the far upper right corner of your
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(Legacy) Rate Adjustments Effective December 1, 2017 – PA
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 December 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50 & NH50 Pennsylvania For a complete
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Long-Term Care Insurance Home Health Care Benefits
Many people equate long-term care with a nursing home. Since that is a place your clients may not want to go, they may think they don’t need long-term care insurance. Here is how you can show them how a Mutual of Omaha LTCi policy can help them get care in their own homes. Home health care benefits are built in to our LTCi policies. These benefits will help your client stay at home for as long as possible if the need for long-term care services arises. Included in home health care benefits are: Personal care service to assist with the
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NGL – EssentialLTC News
The EssentialLTC Agent Guide has been updated – make sure to download the current version. The Agent Guide contains important information pertaining to the EssentialLTC product, including the Underwriting and New Business Process, Agent Appointment and Commissions, 1035 Exchanges, and HIPAA Privacy and Security. EssentialLTC social media sites are now live! #goldencareagent #ngl
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“SNF occupancy continues to hit new lows, NIC report shows”
“SNF occupancy continues to hit new lows, NIC report shows,” by Emily Mongan, McKnight’s LTC News “Skilled nursing facility occupancy dropped to 81.7% — its lowest point in five years — in the second quarter of 2017, according to a report released Thursday by the National Investment Center for Seniors Housing & Care. . . . Medicaid mix, on the other hand, increased to nearly peak levels, at 65.9%, the report found.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Can Medicaid save nursing homes while paying less than the cost of care? When you’re losing
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“How to cope with health care costs in retirement”
“How to cope with health care costs in retirement,” by Steve Vernon, CBS MoneyWatch “Long-term care is the wild card in your retirement planning. A lengthy stay in an assisted living facility or nursing home can quickly drain your retirement savings, even if you have substantial savings in an HSA, 401(k) or IRA. Ideally, you want to develop a thoughtful strategy to protect yourself and your family against potentially ruinous long-term care expenses, including some combination of: Buying long-term care insurance Holding home equity in reserve Taking out a reverse mortgage line of credit and holding it in reserve for
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“Why Home Care Costs Too Much”
“Why Home Care Costs Too Much,” by Paul Osterman, Wall Street Journal “There are two million home health aides in the U.S. They spend more time with the elderly and disabled than anyone else, and their skills are essential to their clients’ quality of life. Yet these aides are poorly trained, and their national median wage is only a smidgen more than $10 an hour. The reason? State regulations—in particular, Nurse Practice Acts—require registered nurses to perform even routine home-care tasks like administering eyedrops.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Over-regulation is a problem,
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Good News | Recent Underwriting Changes Result In Shorter LTCi Cycle Times
Recent LTCi Underwriting Changes Account For Shorter Turnaround Times Changes to Mutual of Omaha’s LTC Underwriting Guidelines took effect 8/14/2017, and we’re pleased we’re already seeing positive results! Each underwriting piece is reviewed as it is received, often allowing fewer underwriting requirements to result in a decision. The recent changes have resulted in turnaround times averaging 14 days for clients 60 and younger, as medical records are not required for every case. Shorter turnaround times mean you get paid faster! Questions? Call our Marketing Team at 800-842-7799! Read Full Good News Article #goldencareagent #underwriting
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“James Glickman to Lead Society of Actuaries”
“James Glickman to Lead Society of Actuaries,” by Allison Bell, ThinkAdvisor “Members of the Society of Actuaries have picked James Glickman to be the group’s 2017-2018 president-elect. Glickman is the president of LifeCare Assurance Company, a Woodland Hills, California-based long-term care insurance reinsurer.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Congratulations to Jim Glickman. The Center for Long-Term Care Reform endorsed him for this position. Jim’s dedication to long-term care financing, his professional experience as a long-term care insurance pioneer, and his leadership of the Inter-Company Long-Term Care Insurance Conference distinguish him and prepared him
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“Three Ways to Protect your Assets from Nursing Home Costs”
“Three Ways to Protect your Assets from Nursing Home Costs,” by Elizabeth White, Marshall, Parker & Weber, LLC “Medicaid eligibility rules do not count certain assets such as a home, one vehicle, and personal effects. Therefore, in appropriate cases a community spouse might take money from countable savings to buy a more expensive home; repair or improve an existing home; or buy a new car, new household furnishings, or personal effects. Medicaid rules do not restrict spending countable assets on non-countable ones of equivalent value. Money spent on non-countable assets needed for the community spouse’s use can accelerate Medicaid qualification.”
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