Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments effective September 1, 2024: Indiana Policy Forms Impacted 2024 Overall Rate Increase LTC04G 18.00% LTC04I 18.71% LTC04I7 16.22% LTC09M 10.06% LTC06UI 19.01% LTC09U 12.50% Oregon Policy Forms Impacted 2024 Overall Rate Increase 2025 Overall Rate Increase 2026 Overall Rate Increase LTC04G 36.69% 17.67% 23.09% LTC04I 36.16% 3.71% 23.22% LTC04I7 38.00% 16.75% 22.89% LTC09M 36.58% 6.29% 18.49% LTC06UI 20.47% 5.00% 20.95%
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GoldenCare Newsletter | June 17, 2024
Read Full GoldenCare Newsletter, June 17, 2024 Edition In this GoldenCare Newsletter Edition Webinars: Introducing Our Decline Placement Program Tues, June 18, 2024 2:00 PM to 2:30 PM CDT DEMO: Quote & Enroll using ManhattanDirect 2.0 Wed, June 19, 2024 11:00 AM to 11:30 AM CDT GoldenCare’s new “Words.Of.Wisdom” Webinar Series Pre-Recorded Video Showcase Register for the Next Wow Event: Thursday, July 17, 11 AM Eastern Short-Term Care Plan Design & e-App Tom Randall’s “Words.Of.Wisdom” webinar series offers expert sales strategies, product planning insights, and insider tips on various topics. Don’t miss this opportunity to enhance your skills
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: We are Passionate about the Senior Health Market We are dedicated to the senior health market, making it easier and more efficient to do business with Mutual of Omaha. Get Your Bonus This Month – Broker Bonus Program Learn how writing Mutual of Omaha Med supp business can earn you some easy cash back into your pocket. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Value-Added Extras: Mutual Perks Your Medicare supplement and dental insurance policyholders save with additional perks, coupons and discounts available with their Medicare supplement or dental policy. Easily
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There’s No One Size Fits All Insurance Solution
Clients today have several needs when looking for a Long-Term Care Insurance policy. Having a carrier with the flexibility to offer a variety of optional benefits is important. Did you know an inflation protection rider increases policy benefits over time? An advantage of adding inflation protection to a long-term care policy is it allows the benefits to grow each year so by the time your client needs care they will have more money available to help cover expenses. Take a deeper dive into how an inflation protection rider can benefit your clients. If you have any questions, please
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Condition-Related Marketing: Off-Label Medication Use
Medication approved by the US FDA (Federal Drug Administration) to treat a specific medical condition but prescribed by your doctor to treat a different condition, is off-label use. This practice is legal and common, and it does impact underwriting. While there are many drugs that are prescribed off-label, several are encountered frequently in LTC Underwriting. Check out the condition-related marketing flyer, Off-Label Medication Use in LTC Underwriting to learn some of the most common medications and their impact on underwriting. View the flyer here. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800)
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GoldenCare Newsletter | June 3, 2024
Read Full GoldenCare Newsletter, June 3, 2024 Edition In this GoldenCare Newsletter Edition Webinars: GoldenCare’s new “Words.Of.Wisdom” Webinar Series Pre-Recorded Video Showcase Register for the Next Wow Event: Thursday, June 6, 11 AM Eastern Client Sale A – Z Tom Randall’s “Words.Of.Wisdom” webinar series offers expert sales strategies, product planning insights, and insider tips on various topics. Don’t miss this opportunity to enhance your skills and stay ahead in your industry. Register now for actionable insights and practical advice from industry experts. Our team has spent weeks pouring over the research and we’ve identified STUNNING gaps in coverage that pose
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Heads Up – Broker Bonus 2024 Learn how writing Mutual of Omaha Med supp business can earn you some easy cash back into your pocket. Rhode Island New Special Guaranteed Issue Right New Guaranteed Issue Right is available in Rhode Island for individuals with Medicare Supplement or Medicare Advantage plans. In Case You Missed It: Cross-selling with Medicare Advantage Plans Learn how to cross-sell Wellcare and Mutual of Omaha co-branded (PPO) plans. Updated Regulations for Mississippi Effective July 1, 2024, Mississippi will implement new regulations regarding the sale of Medicare supplement or Medicare Advantage products.
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Updated Regulations for Mississippi
Effective July 1, 2024, the state of Mississippi will enforce an update telephone solicitation policy. According to the updated ruling, “An insurer or producer may not make or cause to be made a telephone solicitation for the purpose of advertising the sale or soliciting the purchase of a Medicare supplement policy or certificate”. The exception to this updated policy is if a person or client (prospective or current policyholder) has first initiated a call with a company or producer, regarding a Medicare Advantage plan, you, as a producer, are allowed to advertise or solicitate Medicare Advantage Plans. For more details
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Updates to the Okta Verification System
We recently communicated that Mutual of Omaha will be updating our secure access portal for our network and applications by updating the security of the login platform, Okta. Initially we had planned on an effective date of June 1, 2024; however, the effective date has changed to June 15, 2024. If you missed the original article sent on 5/22/24, please see below. ORIGINAL ARTICLE Coming soon! Mutual of Omaha is updating our secure access portal for our network and applications by updating the security of the login platform, Okta. We periodically update these platforms to keep your information, as
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Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).
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Inforce LTCi Rate Adjustments Effective August 1, 2024
Mutual of Omaha actively monitors our inforce long-term care business, filing rate adjustments when necessary to ensure we keep our promises to policyholders and remain competitive in the marketplace. We will be implementing the following inforce rate adjustments in the state of Louisiana, effective August 1, 2024. Impacted Forms 2024 Increase LTC041 25% LTC09M 20% LTC09U 25% Policyholder Notification Process Policyholders will receive a letter notifying them at least 60* days prior to the premium rate increase effective date as outlined above. Along with the premium rate increase notification letters, most policyholders will receive an adjustment offer if there
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