“Chocolate consumption could improve cognitive function”

“Chocolate consumption could improve cognitive function,” by Alyssa Salela, McKnight’s Senior Living “Daily intake of cocoa or chocolate could improve cognitive performance, especially in vulnerable populations such as the elderly, according to a recent review of literature on the topic. . . . In the studies examined in the review, flavanols were shown to improve attention, processing speed, working memory and verbal fluency when ingested daily anywhere from five days to three months. The effects were greatest when a person’s memory was beginning to decline or if the person had other mild cognitive impairments.” LTC Comment (from Stephen A. Moses, President,
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Categories: Industry News and Long-Term Care.

Have you tried the LTC e-App?

Producers that have used the LTC e-App agree it’s the easiest way to submit LTC applications. When you use the LTC e-application, you always have the right forms and cannot make a mistake. Some other advantages to the e-App are: Offers the ability to view and/or print state filed forms at any time Reduces application scrubbing time You choose the method of signature collection—e-signature email, e-signature face-to-face or wet signature Provides a paperless “green” experience Try the e-App on your next sale and you may never go back to paper. To learn more about the LTC e-App, click here. Have
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).

United Security Assurance: New Electronic Applications

Exciting news! With our new e-Applications, we have developed yet another way to make it easier for you to submit new business. The e-apps are currently available only with our Illinois, Pennsylvania, and Texas LifeStyle Solutions/Select insurance plans. Here’s what you can look forward to: No paper applications required An end to misplaced forms Web-based application you can access from anywhere, 24/7 E-signature capability Quick, seamless submission to our Home Office Stay tuned! We plan to introduce e-Apps in additional states soon. We also created a training demo and video to help you become familiar with the functionality of the
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Categories: Long-Term Care, Short-Term Care, and United Security.

“New BPC Report Suggests Fixes to LTC Financing Challenge”

“New BPC Report Suggests Fixes to LTC Financing Challenge,” by Melanie Waddell, ThinkAdvisor “Financing of long-term care continues to plague lawmakers in Washington as people live longer and the rate of dementia and Alzheimer’s cases continues to skyrocket, driving the increased need for long-term care coverage. Just-released research by the Bipartisan Policy Center sets out recommendations for improving the financing and delivery of long-term care.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): I watched the presentation of this “new research” today. I’m sorry to say: “Don’t bother.” Old ideas sprinkled with a few new recommendations
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Categories: Industry News and Long-Term Care.

“Medicare, Medicare Advantage physician rates nearly equal”

“Medicare, Medicare Advantage physician rates nearly equal,” by Emily Gersema, USC News “Medicare Advantage plans managed by private insurers pay physician prices that are similar to traditional Medicare rates, according to a new USC-led study. . . . For example, the mean rate for an office visit in Medicare Advantage was 97 percent of the traditional Medicare rate. Medicare Advantage’s mean reimbursement rate ranged from 91 percent of traditional Medicare’s rate for the physician fee for a cataract removal in an ambulatory surgery center to 102 percent of traditional Medicare for a complex emergency department visit. The researchers concluded that
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Categories: Industry News and Long-Term Care.

“Aging in America: Crisis in long-term care”

“Aging in America: Crisis in long-term care,” CBS News   “There are currently about 40 million Americans over the age of 65, and those over 80 are the fastest-growing segment of our population. Rita Braver reports on a group of seniors who have banded together and found a way to make their golden years not just affordable, but truly ‘golden.’” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This moving story is a bit dated and certainly naïve to suggest the “Villages” movement will fix long-term care. It also shows how little progress has been made
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Categories: Industry News and Long-Term Care.

“Thinking Boomer: Understanding This Generation and What They Need From You”

“Thinking Boomer: Understanding This Generation and What They Need From You,” by Olivia Mellan, and Sherry Christie, ThinkAdvisor “‘Leading boomers, born from 1946 to 1955, and trailing boomers, born from 1956 to 1964, have different outlooks on retirement and money in general,’ said Cam Marston, author, speaker, coach and founder of demographic profiling firm Generational Insights. Understanding these two echelons, and incorporating their differences into your approach, can be the key to connecting with a boomer client.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): A boomer is a boomer is a boomer? Well, no there
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Categories: Industry News and Long-Term Care.

Delivery Requirements Enhancements

At the end of October 2016, we announced a new policy delivery process to include new policy delivery requirements, policy effective dates, and updated forms. We are expanding those delivery requirements in an effort to streamline the process and make it easier to do business with us. On July 10, 2017, the additional delivery requirements will alleviate going back and forth to your customer during the underwriting process to update and initial forms. The new forms that will be used at delivery as needed are: Amendment of Application for Individual Long Term Care Insurance form (ICC16027604 and state variations) The
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Categories: Genworth and Long-Term Care.

In-Force Rate Action Announcement: Wisconsin (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. In September 2013, we began to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Subsequently, we received approval for, and implemented, a 12.8% premium increase in Wisconsin. At the time, a larger increase was justified, based on projected experience, but rate stability requirements prevented us from requesting the fully justified amount. In 2016, we began requesting the
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Categories: Genworth, Industry News, and Long-Term Care.

NGL: Introducing Benefits Buddy

EssentialLTC just got easier to quote with the release of Benefits Buddy! Download the new Premium Calculator – which now reflects a visually interactive Benefits Buddy tool – to build out the case design that will win over your clients. It’s as easy as 1,2… that’s it! Benefits Buddy will allow you to create your LTCi solution based on your client’s budget. Once you determine risk class, you can customize individual or joint plans. Thanks to Benefits Buddy, you can easily hit that target premium for coverage suitable to your client’s needs. Download Benefits Buddy   Need help? If you
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Categories: Industry News, Long-Term Care, and National Guardian Life.