Read Full GoldenCare Newsletter, November 20, 2023 Edition In this GoldenCare Newsletter Edition From GoldenCare: The GoldenCare office will be closed Thursday, Nov 23 and Friday, Nov 24 for Thanksgiving. Long-Term Care Awareness Month isn’t over yet! Join us and special guest, Kyle Chontos, CareMatters Regional Wholesaler, for TWO special webinar presentations on Wednesday, November 29th! • 10 a.m. CareMatters® II • 2 p.m. CareMatters Together™ • “Packaging STC with Life,” Tues, Nov 21, 2023 11:00 a.m. • “Short-Term Care 101,” Tues, Nov 21, 2023 3:00 p.m. • “Coach’s Corner Q&A,” Wed, Nov 22, 2023 9:00 a.m.
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Good News: New 2024 Tax Deductible Limits for LTCi Announced
New 2024 Tax Deductible Limits for LTCi Announced Individual taxpayers can treat premiums paid for tax-qualified long-term care insurance for themselves, their spouse or any tax dependents (such as parents) as a personal medical expense. The yearly maximum deductible amount for each individual depends on the insured’s attained age at the close of the taxable year (see table below for current limits). These deductible maximums are indexed and increase each year for inflation. NOTE: the 2024 limits are decreased … for the first time … though the decrease is generally minimal. The following are the new 2024 deductible limits (2023
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Will Your Clients Need Long-Term Care Insurance?
Will your clients need long-term care insurance? The reality is that most will eventually need some form of long-term care. With the cost of care continuously going up, now is the time to take advantage of a policy to ensure your client is covered and ease the stress on their family. One of the most common concerns for clients is: What if I pay my premium without ever actually being able to use the benefits? With our MutualCare Solutions portfolio, we have multiple return of premium options available to help address the concern. See our Return of Premium sales flyer
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Thanksgiving Holiday Office Closing and 2023 End of Year Pay Dates
Mutual of Omaha and its affiliates (United of Omaha and United World) will be closed on Thursday and Friday, November 23rd and 24th for the Thanksgiving holiday. Below are the cut-off dates and times and the adjusted pay schedules. Holiday Pay Calculation Schedule Med Supp E-App & All Life Cutoff 3:00 PM Health Cutoff 3:00 PM Long Term Care Cutoff 3:00 PM Direct Deposit (EFT) Available The 23rd & 24th of November, Thursday and Friday 11/23/2023-11/24/2023 Monday 11/20/2023 Monday 11/20/2023 Friday 11/17/2023 Friday 11/17/2023 Friday 11/24/2023 Weekly and holiday pay schedules are also available on the Sales Professional Access
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Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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Starting The Conversation about Long-Term Care Insurance
Effective communication is essential for success in various aspects of life. Having the right conversations at the right time with your clients about the benefits of long-term care insurance ensuring your messaging is clear, understood, and well-received can go a long way. Let’s take a look at a video designed to help you start those conversations today. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Starting The Conversation about Long-Term Care Insurance #goldencareagent #mutualofomaha
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Having Conversations That Matter
Long-Term Care Insurance serves as a valuable resource that your clients can utilize to offer maximum comfort and support to their loved ones during challenging situations. Having the right conversation about Long-Term Care Insurance can make the difference your clients need to plan their future. Take a look at some of the characteristics, and triggers of long-term care buyers in the new flyer. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Having Conversations That Matter #goldencareagent #mutualofomaha
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LTC Awareness Month – The value of Caregiver Resources
Caregiver Resources from Homethrive Last year, Thrivent introduced a valuable new membership benefit: Caregiver Resources from Homethrive. Caregiver Resources include online tools including articles, videos, blogs and checklists on topics related to aging and caregiving. Users can: • Chat live with an expert. • Get personalized recommendations. • Have relevant content emailed to them. And while other services focus on helping clients find the best care facility, Homethrive focuses on supporting caregivers to help aging adults live safely and successfully in their homes as long as they can. Behind Homethrive is
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2024 Long-Term Care Insurance Tax Deductible Limits
Tax-qualified LTCi premiums are considered a medical expense. For an individual who itemizes tax deductions, medical expenses are deductible to the extent that they exceed current amount required to meet the individual’s Adjusted Gross Income (AGI). The amount of the LTCi premium treated as a medical expense is limited to the eligible LTCi premiums, as defined by Internal Revenue Code 213(d), based on the age of the insured individual. That portion of the LTCi premium that exceeds the eligible LTCi premium is not included as a medical expense. Individual taxpayers can treat premiums paid for tax-qualified long-term care insurance for
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Long-Term Care – Care Coordination
Today’s Reality — When individuals require assistance with their daily tasks, families frequently find themselves in a situation that demands quick action, with numerous choices to evaluate and immediate judgments to render. The Solution — Mutual of Omaha’s long-term care insurance policies feature a care coordination benefit designed to assist families in handling the long-term care requirements of their loved ones. When a claim is initiated, a care coordinator is assigned to the family as their primary point of contact. This coordinator collaborates closely with the family to organize services and the care needs are properly addressed. Let’s take a
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LTC Awareness Month: What You Do Matters!
The Importance of Long-Term Care Insurance: What You Do Matters November is Long-Term Care Awareness Month, and an excellent opportunity to reach out to clients about the importance of planning. Mutual of Omaha offers multiple solutions to help clients plan ahead. We offer traditional long-term care insurance as well as a life insurance product with a long-term care rider. When it comes to long-term care insurance, we want clients to know we are providing solutions to assist them throughout their care journey. We take pride in delivering on our promises when our policyholders and families need it most. The
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