Find Ways to Help LTC Claims Go Smoothly

Agents can be extremely helpful during during the claims process. Here are some recommendations for ways you can help the entire process go smoothly for your clients: Make sure you are familiar with the benefits of the policy so you can remind your clients and their families how it works and what services may be covered. This includes: A general understanding of all policy benefits A specific understanding of hospice care and respite care benefits since these are particularly stressful situations where agents typically get involved Become familiar with the claims intake process so you can help clients initiate a
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

2020 Long-Term Care Insurance Paid Claim Payments Rise

The nation’s long-term care insurers paid out $11.6 Billion in 2020, an increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI). “Every year benefit payouts grow to individuals needing care and purchased long-term care insurance for that very real risk,” reports Jesse Slome, AALTCI’s director. ”The $11.6 billion paid in 2020 represents an increase of $600 million over the total 2019 claim benefits paid and a significant increase from the $8.65 billion paid out five years earlier in 2016.” The amount reported represents claims for those owning traditional or health-based long-term care insurance. The Association
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Categories: GoldenCare News, Industry News, and Long-Term Care.

Understanding Elimination Periods

It’s important for clients to understand long-term care insurance and how it can be tailored to meet a client’s specific needs. Talking about elimination periods is part of this process.   Download our Sales Idea to learn more!       Understanding Elimination Periods   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

We’ll Be Here to Pay Your Claims

We’ll be here to pay your claims. That’s our promise to you. Most people who purchase a long-term care insurance policy hope they’ll never need to use it. But when they do, they can be confident Mutual of Omaha will be here to pay their claims.   View our consumer-approved* flyer for more details.   * content varies based upon state.   We’ll Be Here to Pay Your Claims   #goldencareagent #mutualofomaha
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).