Medicare Supplement: Underwriting Guide Updates Our handy underwriting guide has been updated with the latest rules and regulations pertaining to Medicare supplement. Application Requirements for Non-English Speaking and/or Reading Applicants Learn about what steps producers need to take to help ensure non-English speaking applicants understand coverage they are applying for. Dental: Enhanced Dental Solutions – Coverage Your Senior-Age Clients Want and Need Help your clients get the additional coverage they want and need with a dental insurance policy from Mutual of Omaha. Medicare Advantage Plans: Mutual of Omaha to Offer Co-Branded Medicare Advantage Plans in 2024 Two
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. e-Application Reminder Avoid slowing down the underwriting process when filling out an e-Application in the Mutual of Omaha e-Application storefront. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Our Medicare Supplement Rates are Right On You will like what you see as you compare our rates against our competitors.. Dental: New Dental Marketing Materials are Available New dental insurance marketing materials highlighting the enhanced benefits are now available. Prescription Drug Plans: 2024 PDP Producer Guide Available Be prepared to sell Mutual
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Understand Elimination Periods
Lets talk about elimination periods. Its important for clients to understand long-term care insurance ins and outs and the benefit options available to them. Helping your clients understand the different types of elimination periods is key. Explain the terms: Elimination period — The short answer is, “waiting period.” It’s how long a policyholder has to wait until their coverage goes into effect. The elimination period countdown begins once the policyholder has begun receiving LTC services. Service day elimimnation period — This means only the days when the policyholder receives covered services can go towards the elimination period. Calendar day elimination
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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Why look at Thrivent when prescreening your client’s health?
Why look at Thrivent when prescreening your client’s health? Few carriers publish preferred rate class guidelines. Thrivent considers all applicants for a preferred rate, and the underwriting guide outlines the preferred health criteria. Thrivent doesn’t auto-decline based on someone being declined by another carrier. (If declined elsewhere though, prescreening health with an underwriter is a must) Read on for Preferred health guidelines and build chart. Preferred Underwriting Checklist Page 5 of the Underwriting Guide All applications are considered for preferred issue, but the criteria below can help determine whether your client may qualify for the preferred risk class. We recommend
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Thrivent LTCi issues 4% more policies at preferred health than a leading competitor
Thrivent LTCi issues 4% more policies at preferred health than a leading competitor In July’s Broker World magazine, the Milliman Long Term Care Insurance Survey showed that 23% of Thrivent policies are issued with our preferred health discount, while a leading competitor only issues 19% as preferred. Distribution of Policies By Rate Class Full LTCi Survey #goldencareagent #thrivent #ltc
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Care Coordination Provides Real Value for Families
The need for long-term care can come on fast or over time. Family members often need help in finding appropriate care for loved ones. Help your clients understand how it works: The insured or a trusted family member calls the toll-free number in the policy to initiate a claim. A care coordinator contacts the insured or the family member to assess the need for long-term care services. The care coordinator then develops a personalized plan of care and helps to arrange for services. The care coordinator continues to monitor the insured’s progress and the quality of care received. Check out
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Streamlining our new EFT/PAC process
Streamlining our new EFT/PAC process As a reminder, a new improved Electronic Funds Transfer/Pre-Authorized Check (EFT/PAC) form is now available to help get policies placed and delivered faster and easier than before! This Pre-Authorized Check (PAC) Premium Payment Service form can be utilized at time of application or during the application process to obtain applicant approval of either or both of the following to occur: Request that a one-time electronic funds transfer occur to pay for premium due as a delivery requirement should a policy be issued. Request ongoing PAC premium on active cases for premiums they become due. Online
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Upcoming Lumico Med Supp rate adjustment on 9/1
Upcoming rate adjustment for Med Supp Effective September 1, there will be a rate adjustment for Med Supp policies underwritten by Lumico Life Insurance Company (Lumico) and Elips Life Insurance Company (Elips Life). For Lumico states (CO, LA, MS and NC) New policies will continue to be underwritten by Lumico in: CO. Please note the following cut off dates: Applications signed on or after 8/1/23, with a requested effective date on or after 9/1/23, will be subject to the new rate. Applications signed on or before 7/31/23, with a requested effective date on or after 9/1/23, will receive the current
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New Strategic Alliance with Mutual of Omaha and Wellcare
New Strategic Alliance with Mutual of Omaha and Wellcare Two leaders in the senior health market- Mutual of Omaha and Wellcare have formed a strategic alliance to offer jointly designed Medicare Advantage plans in select markets for the 2024 plan year. As a customer-focused company, Mutual of Omaha is committed to offering a comprehensive suite of senior health products. Medicare Advantage plans offered with Wellcare are a meaningful addition to our portfolio of senior health solutions designed to meet customers’ individual needs. A trusted brand among seniors with 95% brand awareness, Mutual of Omaha is the nation’s second-largest provider of
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You Asked and We Listened – UW Guideline Changes at MOO
From the Desk of Amanda Blackburn We previously communicated updates to our Underwriting Guidelines. As a friendly reminder, we were pleased to announce the following changes to Medical Marijuana and Family History of Dementia: Family History of Dementia with one parent, sibling (biological parents or siblings) of any form of Dementia, including but not limited to Alzheimer’s (cognitive disorder, impaired reasoning, memory issues) will be eligible for select class with maximum pool of $300k and monthly benefit of $10k. (We no longer limit the monthly benefit to 5k) Medical Marijuana users will be eligible for coverage at select class if
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Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).
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