“Opinion: Numbers that older workers and retirees need to know in 2020,” by Paul Brandus”

“Opinion: Numbers that older workers and retirees need to know in 2020,” by Paul Brandus, MarketWatch   Quote: “A new year and a new decade begin next week. Whether you’re retired or still working, many changes are coming that could affect you—for better and/or worse. Here’s our breakdown of what you need to know in 2020:”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): This article has key numbers for Medicare and Social Security to add to those we reported recently on Medicaid and Supplemental Security Income. By the way, the link we gave for “2020
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Categories: Clippings, Industry News, and Long-Term Care.

“2020 SSI and Spousal Impoverishment Standards”

“2020 SSI and Spousal Impoverishment Standards,” Centers for Medicare and Medicaid Services   Quote: “Maximum Monthly Maintenance Needs Allowance: $3,216.00 … Community Spouse Resources [Allowance]: Minimum Resource Standard: $25,728.00 … Maximum Resource Standard $128,640.00 … Home Equity Limits: Minimum: $595,000.00 …  Maximum: $893,000.00.”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): CMS finally published the 2020 key Medicaid numbers for determining long-term care financial eligibility. We these numbers to our historical record in The Zone soon. There you can see how they have increased with inflation every year since 1991. Some background: The Medicare Catastrophic
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Categories: Clippings, Industry News, and Long-Term Care.

“Medicaid financing scheme endangers federal-state partnership”

“Medicaid financing scheme endangers federal-state partnership,” by Red Jahncke, The Hill   Quote: “The Medicaid program was established as a federal-state partnership, but it has become a partnership in name only as the result of a complicated maneuver in which states impose taxes on health care providers to extract tens of billions of dollars yearly from the U.S. Treasury via an arcane Medicaid financing maneuver. The scheme renders Medicaid almost entirely a federally financed — or over-financed — program. Almost every state employs this tax maneuver to trigger the annual release of matching funds over and above the money the
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Categories: Clippings, Industry News, and Long-Term Care.

Video Interview: Thinking About the Future of Underwriting with Allen Gregoire

Thinking About the Future of Underwriting with Allen Gregoire We’re wrapping up the series with our Director of Underwriting, Allen Gregoire. Allen discusses the effort his LTC underwriting team puts into quick turnarounds, and wonders how the future of insurance underwriting, especially concerning genetic testing and cognitive diagnoses like Alzheimer’s and dementia. Don’t miss this chance to hear from Allen!   Video Interview: Thinking About the Future of Underwriting with Allen Gregoire   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

LTC Teleconference Recording: Other Than Applied

We appreciate your attendance and enjoyed answering all your questions at the fifth LTC underwriting teleconference. Didn’t make it? That’s OK! We recorded it for you. Dial this number to listen to the teleconference anytime: (855) 859-2056  |  Conference ID: 9182458   All teleconferences are available for download on Sales Professional Access under Sales Tools > Product Education. Please look for continued communications from us in 2020.   LTC Teleconference Recording: Other Than Applied   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

GoldenCare Newsletter | December 23, 2019

Read Full GoldenCare Newsletter, December 23, 2019 Edition In this GoldenCare Newsletter Edition From GoldenCare:   Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTCCEO Updates: Be sure you’ve got the latest version!  Double click “Check for Updates” on your desktop to receive the latest update or call us at 800-842-7799! Happy Selling! Current Promotion: Check back for our next exciting promotion!
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Categories: GoldenCare News, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), Securian, Transamerica, and United Security.

“Genworth and Oceanwide Extend Merger Agreement”

“Genworth and Oceanwide Extend Merger Agreement,” Cision PRNewswire   Quote: “Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) today announced they have agreed to a 13th waiver and agreement of each party’s right to terminate the previously announced merger agreement. The 13th waiver and agreement extends the previous deadline of December 31, 2019 to no later than March 31, 2020.”   LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Wishing Genworth Happy Holidays and a quick close.
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Categories: Clippings, Industry News, and Long-Term Care.

Happy Holidays from United Security Assurance

We are truly grateful for for the many relationships we’ve built over the years, with the hard working producers we serve everyday. Wishing you a season of joy and look forward to our continued success in 2020.   The Management and Staff of United Security Assurance   #goldencareagent #unitedsecurity
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Categories: Industry News, Long-Term Care, and United Security.

Rate Adjustments Effective March 1, 2020

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. To fulfill this commitment, we actively monitor emerging industry trends and make any adjustments necessary that enable 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 March 1, 2020: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Illinois   For a complete rate history, see the state approval grid on Sales Professional Access. Policyholder Notification
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).