LTC Awareness Month resources from Thrivent

Every November, the industry – led by Life Happens – comes together to sponsor Long Term Care Awareness Month. This campaign is designed to educate consumers about the importance of long-term care and the role it plays in protecting families’ financial security. To take advantage of heightened awareness in the marketplace during the month of November, Thrivent has packaged some of our most popular resources designed to raise awareness and drive contact with financial advisors. The lack of conversations: 92% of consumers believe that financial professionals should talk about long-term care care plans with their clients1 59% of people have
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Categories: Industry News, Long-Term Care, and Thrivent.

2024 Medicare Copay/Deductibles

The Center for Medicare and Medicaid Services (CMS) has announced the 2024 Medicare Premiums and Copay/Deductibles. Medicare Part B Premium The Medicare Part B standard monthly premium will be $174.70 in 2024, compared to $164.90 in 2023. Note: The income-related Part B premiums for 2024 will vary depending on the extent to which an individual beneficiary’s income exceeds $103,000 (or a married couple’s income exceeds $206,000). 2024 Income Level-File Individual 2024 Income Level-File Joint 2024 Part B Premium Less than or equal to $103,000 Less than or equal to $206,000 $174.90 Greater than $103,000 and less than or equal to
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

South Carolina Rate Adjustment Filing Notification Letter

Mutual of Omaha has filed for rate increases in the state of South Carolina. Although approval is pending, South Carolina requires carriers to notify policyholders of the rate adjustment request via letter. Within the notification letter, the insured was informed of the following: The average proposed rate adjustment The advanced notification requirements (60, 75, or 90 days) The rate increase notification expectations Bureau of Insurance contact information We are continuing to work with the states on the actual rate increase filings and will communicate approved amounts as well as implementation dates when that information is available.   If you have
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Medicaid vs. Long-Term Care Insurance

Help your clients understand the differences of between Medicare and Medicaid vs. Long-Term Care Insurance. Medicare and Medicaid are programs that help to improve/correct specific medical or health problems, however, where they fall short is they don’t help with day-to-day activities of daily living. This is where having the right long-term care policy in place can benefit your clients. Long-term care insurance has several key factors to help your clients stay ahead and plan for the future by: Protecting a lifestyle Offering comprehensive coverage Having flexible benefits Tax advantages Let’s take a closer look at the options provided to your
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

What are your clients saying about GTL?

For nearly 90 years, GTL has been committed to providing you and your clients the best service in the industry. We pride ourselves in keeping that a core value on how we do business.     But don’t just take our word for it… Below is just a very small samping of the positive feedback we have received from your clients recently.   We sincerely appreciate your business and the opportunity to serve your clients. We wish you much success this Open Enrollment!   Contact GTL’s Sales Support with any questions by texting or calling (800) 323-6907, or email agency@gtlic.com.
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Categories: Accident Insurance, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Life Insurance, and Short-Term Care.

Full Legal Signature Required for Application Processing

Attention Agents! In order to avoid application processing delays, please make sure that you obtain full legal signatures on all submitted applications. Visit the Agent Portal       To expedite and ensure the smooth processing of applications, we can only accept the full legal signature on all submitted applications.   Please inform your client that the following examples of signatures including scribbles, initials, or incomplete signatures will not be acceptable. Initials are not acceptable. Random letters or characters are not acceptable. Scribbles are not acceptable. Please make sure that your client writes their signature as legibly as possible with
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Categories: Accident Insurance, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Life Insurance, and Short-Term Care.

Good News: AM Best Has Revised GTL’s Outlooks To Positive

AM Best Revises Outlook to Positive for GTL We are excited to announce that AM Best has revised the outlook to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) for Guarantee Trust Life Insurance Company. According to AM Best, the Credit Ratings reflect Guarantee Trust Life’s balance sheet strength, which AM Best assesses as very strong, as well as GTL’s strong operating performance. Read the full communication by clicking the link below: AM Best Revises Outlook to Positive for GTL #goldencareagent #manhattanlife #mac
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Categories: GoldenCare News, Industry News, and Long-Term Care.

GTL’s Advantage Plus Elite Spanish Brochures are Here!

You asked for it…we listened…and now they are here! Reach more clients effectively this Open Enrollment with our Advantage Plus Elite SPANISH brochures! Order Supplies on GTLink     Spanish versions of the Advantage Plus Elite and Indemnity Plus Elite are available to order/download in the following states:   Order Supplies on GTLink   #goldencareagent #gtl #hip #advantagepluselite
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

Inforce LTCi Rate Adjustments Effective January 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 effective January 1, 2024: Georgia & Alabama Policy Forms Impacted 2024 Non-Lifetime Benefit Period Increase 2024 Lifetime Benefit Period Increase LT50 13.1% 15.0% NH50 13.1% 15.0% HCA 13.1% 15.0% LTA 13.1% 15.0% NHA 13.1% 15.0%   Indiana Policy Forms Impacted 2024 Non-Lifetime Benefit Period Increase 2024 Lifetime Benefit Period Increase LT50 10.0% 22.0% NH50 10.0% 22.0% HCA 10.0% 22.0% LTA 10.0% 22.0%
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Commitment to Traditional Long-Term Care Insurance

Although non-conventional funding choices might be suitable for certain individuals, we maintain that a conventional Long-Term Care Insurance policy continues to be the optimal solution for numerous clients. Let’s take a look at some of the distinguishing features that set our products apart from the competition.   If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com.   Commitment to Traditional Long-Term Care Insurance   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).