Long-Term Care Application Tips

Our underwriters know your LTCi clients aren’t just a list of diagnoses, and they rely on you to tell them more. They encourage you to paint a picture about your clients’ health, cognitive status and lifestyle. Because the more you can tell them, the better the chance for a positive underwriting outcome. You can do that by gathering as much information as possible from your clients, including: Recent doctors’ visits, lab tests, etc. Any diagnoses they’ve received Learning about any tests, recent surgeries or physical therapy Documenting medications they take Information about their physical and social activities Confirming they have
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Tom Randall’s Call to Action: Start the Long-Term Care conversation NOW!

From the Desk of Tom Randall Regardless of Which State They Live In…  the WA Cares Fund Program MATTERS to Your Clients! It’s Very Important You Understand the New Washington Cares Fund Program. Here’s why, and what you need to tell your clients and prospects! Effective 1/1/22, Washington workers will pay an EXTRA tax of $0.58 per every $100 of earnings… with NO Maximum Limit! If you make $100,000, you would owe an EXTRA $580 tax/year… Even at $50,000, that’s an EXTRA $290 tax/year Worked harder? If you’re at $500,000, that’s an EXTRA $2900/year! For that EXTRA $290 – $2900 tax/year,
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Tom Randall’s Call to Action: Start the Long-Term Care conversation NOW!

From the Desk of Tom Randall Regardless of Which State They Live In…  the WA Cares Fund Program MATTERS to Your Clients! It’s Very Important You Understand the New Washington Cares Fund Program. Here’s why, and what you need to tell your clients and prospects! Effective 1/1/22, Washington workers will pay an EXTRA tax of $0.58 per every $100 of earnings… with NO Maximum Limit! If you make $100,000, you would owe an EXTRA $580 tax/year… Even at $50,000, that’s an EXTRA $290 tax/year Worked harder? If you’re at $500,000, that’s an EXTRA $2900/year! For that EXTRA $290 – $2900 tax/year,
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Call to Action: Start the Long-Term Care conversation NOW!

From the Desk of Tom Randall Regardless of Which State They Live In…  the WA Cares Fund Program MATTERS to Your Clients! It’s Very Important You Understand the New Washington Cares Fund Program. Here’s why, and what you need to tell your clients and prospects! Effective 1/1/22, Washington workers will pay an EXTRA tax of $0.58 per every $100 of earnings… with NO Maximum Limit! If you make $100,000, you would owe an EXTRA $580 tax/year… Even at $50,000, that’s an EXTRA $290 tax/year Worked harder? If you’re at $500,000, that’s an EXTRA $2900/year! For that EXTRA $290 – $2900 tax/year,
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Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Long-Term Care Insurance Case Monitoring Update

From the Desk of Allen Gregoire Mutual of Omaha is pleased to announce the long-term care back-office data entry of applications has returned to normal processing times. Applications and all case status updates are now visible on Sales Professional Access (SPA), including application received date. Note: Due to the ongoing influx of business, telephone interview availability is limited. Currently, interviews are being schedule 2-3 weeks out from when requested by underwriting. We encourage you and your agents to check SPA to review your case status updates as our teams work diligently to process your LTCi cases as quickly as possible.
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Categories: COVID-19, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Long-Term Care Insurance Case Monitoring Update

From the Desk of Allen Gregoire Mutual of Omaha has experienced a large influx of long-term care application submissions over the past several weeks due to the WA Cares Fund. This increase in submissions has caused a slight delay in entering LTC applications into our back-office systems and subsequently your case status appearing on Sales Professional Access (SPA). Our teams are working diligently to process LTCi cases as quickly as possible; however, until they are entered into our system, we are unable to confirm the application received date. We encourage you to check the website for updates rather than calling
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Categories: COVID-19, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Washington Cares Fund – CURRENT AND UPDATED NEWS

GoldenCare has received many questions related to the Washington Cares Fund, and want to help position you for success. We’ve gathered key details here, ranging from the informative consumer website, LTCi carrier news and updates, to news articles and related stories. WA Cares Fund consumer website http://www.wacaresfund.wa.gov/private-insurance/ Special GoldenCare Training Event With LTC Expert Steve Moses YOU ASKED. WE LISTENED!  The impacts of the COVID-19 pandemic and the Washington LTSS Trust Act are among the top concerns noted by our agents. Join us for an LTCi Industry Impacts presentation with one of the most influential and respected people in long-term
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Important Announcement Regarding Long-Term Care Insurance in the State of Washington

Details about Washington State’s mandated long-term care law and payroll tax are slowly emerging. Even so there are so many unknowns and the opt-out provisions are vague. With so much left unclear, the looming deadline and things changing so quickly, Mutual of Omaha is responding with caution, taking an observational approach.   From the Desk of Tess Grace Effective immediately, Mutual of Omaha is suspending long-term care sales in the state of Washington. Here’s what you need to know: Applications submitted on or before the end of the day June 16, 2021, will be processed as normal. All pending in-house
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Washington Cares Fund – Update

GoldenCare has received many questions related to the Washington Cares Fund, and want to help position you for success. We’ve gathered key details here, ranging from the informative consumer website, LTCi carrier news and updates, to news articles and related stories. WA Cares Fund consumer website http://www.wacaresfund.wa.gov/private-insurance/   Long-Term Care Insurance Case Monitoring Update June 24, 2021 Mutual of Omaha has experienced a large influx of long-term care application submissions over the past several weeks due to the WA Cares Fund. This increase in submissions has caused a slight delay in entering LTC applications into our back-office systems and subsequently
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Washington State Long-Term Care Insurance Product Offering Update

In efforts to support the Washington State Cares Fund initiative, Mutual of Omaha implemented underwriting and commission changes for applications received from the state of Washington, including: A 100% chargeback for policies issued May 19, 2021 – November 1, 2021 and lapsing within the first policy year. Declining applications for clients not seen by a physician in the last 24 months. However, due to continually increasing application volumes from the state, Mutual of Omaha must make additional modifications. Effective immediately, we are instituting the following adjustments to the MutualCare® Solutions product offerings for the state of Washington: Increasing minimum issue
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).