Important Update | Reminder: Omaha LTCi Pricing & Benefit Changes Take Effect 9/1

Mutual of Omaha

Important Update

REMINDER: LTC New Business Rate Refresh and Benefit Changes

Mutual of Omaha will be refreshing our rates and implementing benefit option changes to the MutualCare® Solutions Portfolio effective September 1, 2020.

IMPACTED STATES: Alabama, Alaska, Arkansas, Colorado, Georgia, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wyoming

RATE ADJUSTMENTS – Premium adjustments may vary by age, sex and benefit selection. You may view the new rates by referring to the quoting software beginning September 1, 2020.

BENEFIT CHANGES
Cash Benefit

  • MutualCare® Custom: 25% of home health care benefit up to maximum of $2,000 per month
  • MutualCare® Secure: 25% of home health care benefit up to maximum of $2,000 per month

Partner Premium Allowances:

  • Both Issued: 15%
  • One Issued: 5%

For important transition rules, and timing of quoting software, materials and forms updates, see below:

LTC New Business Rate Refresh and Benefit Changes

 

Questions? Call our Marketing Team at 800-842-7799!

 

Visit goldencareagent.com or call us at 800-842-7799 for access!