First Premium Payment Methods Are Changing

Effective June 28, 2023 Due to our vendor’s processing change, we will no longer be able to accept credit cards as a method of payment for the first premium payment as of June 28, 2023. For a client’s first premium payment we accept: Personal check Cashier’s check Electronic check or eCheck OneAmerica® accepts checks made payable to OneAmerica or to The State Life Insurance Company®.   Pay by eCheck tip Complete the Electronic Premium Payment Authorization, I-34818. The form authorizes one-time or recurring debit payments from a checking or saving account. Make sure the client has their bank account and
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Inforce LTCi Rate Adjustments Effective August 1, 2023

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 August 1, 2023: Impacted Forms Impacted States LTC04G Colorado LTC04I7 Colorado LTC09M Colorado LTC09U Colorado   For details on yearly rate adjustment percentages, view the supplemental grid here. 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,
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Medicare Solutions – Omaha Family of Companies

Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states.   Earn Big in Texas and Illinois Learn about our enhanced broker bonus in Texas and Illinois.   Don’t Forget Mutual of Omaha’s Contact Card Not sure who to contact, at Mutual of Omaha, with your questions? Check out our comprehensive contact card!   Upcoming Rate Adjustments View upcoming rate adjustments for various states.   New Medicare Supplement Plans in New Hampshire Effective June 1, 2023, you may begin selling new Medicare supplement plans in New Hampshire.   Dental: Medicare Supplement and Dental Insurance: The Perfect Fit Make
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Help is One Phone Call Away with OneAmerica

Supporting Customers Through Long-Term Care Events Retirement comes with endless possibilities, but also added risks. The more we age, the more likely we are to need long-term care. One way for your clients to continue to be there for their loved ones is to have a plan. In case of a long-term care event, your customers can make sure not only that they will have the means to pay for it, but that their loved ones will have the support they need. Help is Only One Phone Call Away Our Care Benefit Concierge makes it easy for a power of
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

IMPORTANT: Union Security Medicare Supplement Update

May 17, 2023 memo IMPORTANT Medicare Supplement Update Effective June 1, 2023, we will be discontinuing the USIC Medicare Supplement offering in all states   The Union Security Insurance Company (USIC) Medicare Supplement product, administered by Aetna, will be discontinued as of June 1, 2023. We will not accept applications with a signature date after May 31, 2023 We will not offer effective dates later than June 1, 2023 Agent appointments under USIC will be terminated as of June 1, 2023 Paper sales materials for USIC Medicare Supplement plans in all states will be available through today, May 17th, 2023
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Categories: Industry News, Medicare Supp./Adv., and Union Security.

The Book of Business Download is Here!

As of April 27th, the new Book of Business download IS HERE!!! You’re busy each day meeting with clients and submitting business. The last thing you want to do is spend a lot of time figuring out what types of policies each of your clients have. Worry no more! Our new Book of Business download on Sales Professional Access (SPA) will provide what you have been wanting—a complete list of the in-force Mutual of Omaha policies* you have sold in one easy-to-sort file. To learn more about this new feature, review the Book of Business Instructional Flyer.   *Prescription Drug
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Categories: Accident Insurance, Critical Illness, Disability Income Insurance, Industry News, Life Insurance, Long-Term Care, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

COVID-19 Public Health Emergency Ends May 11, 2023

The Public Health Emergency for COVID-19 ends on May 11, 2023. What does this mean for your clients? Medicare will continue to cover COVID-19 vaccines at no cost. Individuals will be able to get COVID-19 PCR and antigen tests with no out-of-pocket costs when ordered by a doctor. Expanded telehealth services will continue through December 31, 2024. More Info   After May 11, 2023, Medicare will no longer cover or pay for over-the-counter (OTC) COVID-19 tests. Individuals enrolled in a Medicare Advantage Plan may have more access to tests, depending on their benefits. Recommend your clients check with their plan.
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Categories: COVID-19 and Industry News.

Alabama LTC Partnership Update

1% and 2% compound inflation now qualify for Partnership. Thrivent worked with the Alabama Insurance Department to allow for 1% and 2% compound inflations to be eligible for the state partnership program. This was approved in November. This change will be retroactive to qualifying policies issued since 11/15/22 when Alabama ‘s approval was received. Existing policyholders who qualify will receive a notification of the partnership status of their policies. The Partnership Requirements grid has been updated, as well as the Solutions Studio illustration software. Download Partnership Requirements   Consumer Partnership Flyer       #goldencareagent #thrivent #ltc
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Categories: Industry News, Long-Term Care, and Thrivent.

Say goodbye to paper clutter with GTL’s Digital Brochures!

Access to all of your GTL Product Brochures in one digital nook!   View GTL’s Digital Bookshelf     Click below to view the digital product brochure. Advantage Plus Elite Advantage Plus Precision Care Recover Cash Short Term Home Health Care Heritage Plan Turbo Term Cancer, Heart Attack and Stroke Critical Provider Plus Home Care Secure GTL Life Select iGap Medicare Supplement     Contact GTL’s Sales Support with any questions at (800) 323-6907, or email agency@gtlic.com.   #goldencareagent #gtl
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Categories: Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Life Insurance, Medicare Supp./Adv., and Short-Term Care.

Strength and Stability You Can Count On

Over the past month you have probably seen a lot of product announcements from many carriers who are required to adjust their illustrations and products to comply with the new AG-49 revisions. You may be wondering when the Mutual of Omaha announcement would show up and here it is: “no changes required.” We do not need to make any changes to our indexed universal life (IUL) product portfolio or illustration software, we are already compliant. From the very beginning, we structured our IUL products to stand the test of time by building them with the lowest cost structure – no
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).