“As assisted living operators look to the future, one strategy may depend on helping families navigate the ability to pay for care for their loved ones, housing experts said Tuesday. Many senior living communities originally promised adult children the idea of ‘we’ll care for Mom,’ said National Investment Center for Seniors Housing & Care CEO Robert Kramer. Today, Kramer advised that communities’ plans have ‘got to go way beyond that. It’s like a concierge service but we’re coordinating it.'” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Part of that “concierge service” should be advising those
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GoldenCare Newsletter | May 8, 2017
In this GoldenCare Newsletter Edition From GoldenCare: Join us for brand new webinar topics including a brand new short-term Home Health Care product and special guest speakers. See our full list of hot topics. Partnership Reminder: LTCi agents who took their initial 8 Hour Partnership Certification prior to May 2015, a 4 hour refresher course must be completed. See the Newsletter for requirement details. Good News! Our Spring 2017 GoldenCare Gazette is now available! Get your copy in the Newsletter. From Mutual of Omaha: Omaha is currently experiencing a delay in the turnaround time for underwriting decisions. More information is
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Quick Tip: Quoting with MutualCare® Solutions Software
Scenario: You are running long-term care insurance quotes for a client using the Custom Solution plan with Mutual of Omaha. The MutualCare® Solutions software makes it easy… but you can’t quite get the quote to match a competitor’s. “Why does it show ‘3.1’ years? I want an even 3 years.” Quoting “apples to apples” – or as close as possible in today’s market – eliminates the need for an additional explanation, and makes the concept easier for your clients to understand. Did You Know: You can use the small down-arrow next to the Policy Limit field to select from numerous
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EssentialLTC Product Approved In Delaware
National Guardian Life Insurance Company (NGL) is pleased to announce that an additional state has approved their new long-term care insurance plan, EssentialLTC! As of May 30th, 2017, EssentialLTC will become available for sales in the state of Delaware! This is also the newest state to have approved Partnership status. Watch for additional announcements as more states approve the new EssentialLTC product, and begin approving Partnership status. #goldencareagent #ngl
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Inflation Protection on MutualCare® Custom Solution
When your clients have a number in mind that they can spend on an LTCi, inflation protection can help you get to that desired premium. With a variety of inflation duration and inflation percentage options, it’s easy to make adjustments to arrive at an acceptable premium amount. With MutualCare Custom Solution, you get: Inflation duration options that include lifetime, 20 years, 15 years and 10 years Inflation percentage options that range from one percent to five percent in increments of .25 percent A MutualCare Custom Solution policy gives your clients the flexibility to explore a variety of different inflation protection
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“Humana Breakup, Penn Treaty Charge Hit Aetna Earnings,” by Allison Bell, ThinkAdvisor
“Aetna Inc. posted a big net loss Tuesday, partly due to the failure of a long-term care insurer. The Hartford, Connecticut-based insurer is reporting $381 million in net losses for the first quarter on $15.2 billion in revenue, compared with $737 million in net income on $15.7 billion in revenue for the first quarter of 2016. . . . Aetna also recorded a $231 million charge related to its share of cost of dealing with the insolvency of Penn Treaty American Corp.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Ramifications ripple through the health insurance
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Genworth Financial Announces First Quarter 2017 Results
05/02/17 Net Income Of $155 Million And Adjusted Operating Income Of $143 Million RICHMOND, Va., May 2, 2017 /PRNewswire/ — Stockholder Approval Of Acquisition By China Oceanwide Holdings Group Co., Ltd. (Oceanwide) March 7, 2017 With Approximately 96 Percent Of Votes Cast Voting In Favor Of The Merger All Regulatory Filings For The Oceanwide Acquisition Submitted Progress Made On U.S. Life Restructuring Plan With Several Internal Reinsurance Transactions Completed Effective April 1, 2017 Net Income1 And Adjusted Operating Income2 Includes An Unfavorable Item In Long Term Care Insurance (LTC) Relating To Guaranty Fund Assessments For The Penn Treaty Plan Of
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Genworth, Industry News, and Long-Term Care.
“Caregiver Shortage Reaches Critical Stage,” by Cassie M. Chew, Provider
“High employment is one reason LT/PAC [Long-Term/Post- Acute Care] centers across the country are having trouble finding people to fill frontline health care roles. After recovering from an economic recession marked by thousands of layoffs, it’s now a buyer’s market for job seekers, especially those with caregiving skills. . . . ‘When we talk about what we can do to enhance their compensation, there are only two answers-one is increasing the minimum wage, and one is provider reimbursement,’ Findley [president of Iowa CareGivers, an advocacy group for nurse assistant] says. ‘We need to ask the question: What are the possibilities?
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“Baked fish, chair yoga, and life lessons: To learn to care for elderly, students move into retirement home,” by Megan Thielking, STAT
“Kingsley Manor Retirement Community is home to grandmothers and gardeners, professors and painters, doctors and Zumba enthusiasts — and because it’s in Hollywood, you’ll also find film editors, dancers, and magicians. And a couple of students in their 20s, too. The students, Tina Guan and Sai Raj Kappari, are part of a unique collaboration between the retirement home and the University of Southern California’s gerontology school. The program, which has been around for more than 30 years, allows select students to live and eat for free in the retirement home. In exchange, they spend time with the residents — they
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“Let IRA Cash Pay for Long-Term Care Insurance: NAIC,” by Allison Bell, ThinkAdvisor
“The National Association of Insurance Commissioners has sent a package of 10 proposals for reforming the U.S. long-term care finance system to Congress. The package of federal LTC policy options has been in the works for more than a year. Regulators included four options for improving the private long-term care insurance market; four aimed mainly at creating or strengthening other types of long-term care funding options; a plea for better alignment between federal and state rules; and a request for more federal support for general retirement security and long-term care planning awareness campaigns.” LTC Comment (from Stephen A. Moses, President,
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