“U.S. Nursing Homes Struggle in Ever-Tougher Market,” by Hoag Levins, Leonard Davis Institute of Health Economics

“The U.S. nursing home business faces daunting economic and policy challenges as it moves toward a massive wave of baby boomers aging into infirmity, according to a gathering of industry executives at the University of Pennsylvania’s Leonard Davis Institute of Health Economics (LDI). Convened to gather raw material for a formal report on suggested reforms for the Centers for Medicare and Medicaid Services (CMS), the National Summit on the Future of America’s Nursing Home Industry focused on the changing demographics, reimbursement models, clinical practices, and government rules of elder care facilities. Keynote speaker and Summit organizer, John Whitman’s opening ‘State
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Categories: Industry News and Long-Term Care.

“The GOP Entitlement Caucus,” Wall Street Journal

“The full dimensions of the GOP’s self-defeat on health care will emerge over time, but one immediate consequence is giving up block grants for Medicaid. This transformation would have put the program on a budget for the first time since it was created in 1965, and the bill’s opponents ought to be held accountable for the rising spending that they could have prevented.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Alas, this editorial in today’s WSJ print edition pretty much nails the most significant consequence of the American Health Care Act’s defeat. Medicaid will continue
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Categories: Industry News and Long-Term Care.

GoldenCare Newsletter | March 27, 2017

In this GoldenCare Newsletter Edition From GoldenCare: Join us for an intro on a Brand New Product!  GTL‘s Short-Term Home Health Plan. Also this week, join us for a special event Harry Crosby’s “Winning with GTL’s Critical Cash” Click here to register. Reminder:  GoldenCare offers discounted Errors and Omissions insurance.  If you haven’t renewed your E&O for 2017/2018, see the Newsletter for details on discounted prices and renewing. Don’t miss our Guest Article:  “Falls Are Taking a Huge and Rising Toll on Elderly Brains,” by Mike Stobbe, Associated Press. From Mutual of Omaha: LTCi Success Tips:  See the newsletter for
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Categories: GoldenCare News, Industry News, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Discounted E & O

Have you renewed your Errors & Omissions for 2017/2018? It’s Not Too Late! Be sure to visit www.GoldenCareEOProgram.com to renew your Errors & Omissions coverage for 2017/2018, if you have not already enrolled! On the website, click the “Quote Now” button to begin the renewal process. For more information, call 800-842-7799 and speak with your Regional Director. Read Full Announcement
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Categories: GoldenCare News, Industry News, and Long-Term Care.

Broker World Magazine: Long Term Care Insurance Is Too Legit To Quit

Our very own Mark Glickman is featured in a recent Broker World Magazine article, discussing how modern LTCi policies will have more stable pricing than legacy LTCi policies. Click below to check it out!   Broker World Magazine: Long Term Care Insurance Is Too Legit To Quit   #goldencareagent #ngl
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Categories: Long-Term Care and National Guardian Life.

Genworth Suspends Sales of Long Term Care Insurance Products in Hawaii

Genworth coninuously monitors, examines and manages our business to help ensure we are offering products that are priced to balance consumer need with our desire to achieve long-term profitability. As a result, on April 24, 2017, we will suspend sales of individual long term care insurance in Hawaii. Privileged Choice® Flex 2 (Flex 2), our current offering in Hawaii, is an old generation policy and no longer meets our pricing assumptions.   Transition Rules Please carefully review the transition dates and rules below. No exceptions will be available. Quote It! 04/23/17 — Last day to quote Flex 2 in Quote
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Categories: Genworth and Long-Term Care.

“Local police departments restore peace of mind by phoning senior citizens once a day,” by Jenni Bergal, PBS News Hour

“Living alone can be tough for seniors. Some don’t have family nearby to check on them, and they worry that if they fall or suffer a medical emergency and can’t get to the phone to seek help, no one will know. That’s why hundreds of police agencies in small towns, suburbs and rural areas across the country are checking in on seniors who live alone by offering them a free automated phone call every day. . . . The check-in programs are less common in big cities, where large numbers of people might sign up, potentially straining budgets because more
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Categories: Industry News and Long-Term Care.

Building a Long-Term Care Strategy

Your clients already insure against potential risks like health, fire, theft or death, any of which could impact their families’ quality of life. Long term care is another risk that comes with high costs that can affect family members for years. The good news is, with your help, planning for long term care expenses might be easier than your clients realize. You can start the conversation with your clients today. Share our Building A Long Term Care Strategy brochure. Send your client this brochure with a handwritten note that you will call them to discuss how this can be taken
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Categories: Genworth and Long-Term Care.

“Is 90 the New 80? Most 90-Somethings Feel Healthy,” by Cari Nierenberg, LiveScience

“Perhaps 90 is the new 80: A new analysis finds that many Americans who reach age 90 and beyond say they are in good health. Few 90-somethings in the study showed signs of depression or cognitive problems, although they took a lot of medications and had difficulty getting around, according to the findings, released today (March 20) in the journal JAMA Internal Medicine. . . . The findings suggest that, despite experiencing chronic diseases and disability, Americans over the age of 90 could adapt to their changing health needs and remain positive about their health, Odden told Live Science.” LTC
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Categories: Industry News and Long-Term Care.

Rate Adjustments Effective June 1, 2017 – MO

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 June 1, 2017: Block of Business Impacted States NHA, LTA, HCA, LT50, NH50 Missouri     For a complete rate
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Categories: Long-Term Care and Mutual of Omaha (& Affiliates).