There are Medicare changes coming effect January 1, 2020 as a result of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). The Act eliminates Medigap plans that cover the Medicare Part B deductibles (Plans C, F and High-Deductible F) for people who are Medicare eligible on or after January 1, 2020. That means those Medicare beneficiaries will not have a Medigap option with first-dollar coverage and will pay the Medicare Part B calendar-year deductible themselves. But what does this mean for those that are currently Medicare eligible or will be prior to January 1, 2020? With all the
Read More
Legacy Rate Adjustments Effective May 1, 2019
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 May 1, 2019: Block of Business Impacted States LT50, NH50, HCA, LTA and NHA Virginia For a complete
Read More
Medicare News – Omaha Family of Companies
Medicare Supplement: Upcoming Med Supp Rate Adjustments Please view the upcoming Med supp rate adjustments in KY, MS, NE, PA, UT, and TX. A Rewarding Year Ahead Webinar Questions Brokerage Sales kicked off their first live monthly webinar series on Tuesday, January 26, 2019 titled, A Rewarding Year Ahead. If you missed the webinar you can watch it on demand! Our next live webinar is on Tuesday, February 26th at 10:30 a.m. CST. MACRA Policyholder Notification Mutual of Omaha plans to launch a communication campaign to current Med supp policyholders to explain the impact of MACRA. #goldencareagent
Read More
Priority Income Protection® for Mortgage Protection
Ask your middle-income clients what their most significant purchase has been so far and most will say their house. Now ask them if they have a plan in place to continue mortgage payments if they have to miss work due to an accident or injury. 70% of Americans have less than $1,000 in a savings account. Some people may think they will figure things out if that time comes, but the reality is most people would not be able to take this big fluctuation in their income. Priority Income Protection is a great option for mortgage protection. It has an
Read More
Cancer Insurance Pays a Lump Sum Payment for Out-of-Pocket Costs
About 1.7 million new cancer cases are expected to be diagnosed this year. With advances in medical treatment, most of the people diagnosed will survive and live several more years. With cancer insurance from Mutual of Omaha, your clients will be able to pay for out-of-pocket costs including: Coverage shortfalls-deductibles, benefit limitations Special expenses-transportation, hotels, family care Living expenses if you must miss work-house payments, utilities, groceries Use the cancer insurance flyer to show your clients the need for this coverage. It’s available for immediate download here or Sales Professional Access. You can also order through your normal ordering channels.
Read More
Help Clients Prepare for What Comes Next
You have worked with your client on determining their life insurance needs and the application is signed. Now, it’s time for underwriting. Underwriting is an important part of issuing a life insurance policy, but many times, it can also be a confusing time for your clients. That’s why we created the What Comes Next in the Application Process brochure. This client brochure is designed to be used with fully-underwritten life insurance business. It provides: An overview of the assessments that may be required Tips on preparing for each assessment An overview of the types of questions that may be asked
Read More
Good News | Invite Your LTCi Applicants to use Omaha’s Scheduling Portal
Scheduling Telephone Interviews Just Got Easier! Thanks to Mutual of Omaha’s new online scheduling portal, LTCi applicants can schedule a telephone interview at their convenience. The portal is available day or night, even on weekends and holidays. Now your clients won’t be waiting for a call from an unknown, toll-free number. Interviews can be completed sooner, which can shorten the underwriting process and help prevent cases from becoming inactive. Mutual of Omaha has updated the Next Steps in the Application Process flyer to help you explain this new option to your clients.
Read More
GoldenCare Newsletter | February 5, 2019
In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Thursday Special! Mutual of Omaha’s Advanced Markets Specialist will be joining us to discuss the tax-saving potential of a traditional LTCi policy. Don’t miss it! To register, Click Here. Update Your Contracts Look for an upcoming LTC CEO Office, Home and Internet Selling Tools Software update, coming next week! Making a good decision on whether or not to own Long Term Care insurance depends upon receiving factual information on the subject. LTCCEO was developed to offer our clients the knowledge they need to make wise decisions. Find
Read More
Improvements to Automated Underwriting
Since we launched Automated Underwriting for Living Promise e-Applications in November, over 2,300 agents have used the instant decision tool and over 8,300 clients have experienced the benefits of our intuitive system. Overall, we have been very pleased with the deployment and the approval rates speak for themselves. During the past couple of weeks, 65% of applications submitted were instantly approved and 77% of the referred cases were approved after review. As with any new system, there are opportunities for improvements. We appreciate your constructive feedback and are working on enhancements to the system. We’d like to provide you with
Read More
The 2019 Tax Guide is Here
It’s tax season… are your clients ready? Get the 2019 Advanced Markets Tax Reference Guide — the key tax figures and limits for 2019 at your fingertips. The Advanced Markets Team is here to help! A key objective of our team is to provide training and support that focuses on our areas of expertise – estate planning, business planning, and retirement and distribution planning – and that can help you with your sales efforts. If you have a question about a concept, how our products work for a specific sales concept or if you just want to run an idea
Read More
