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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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

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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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

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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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

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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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Inforce LTCI Rate Adjustments Effective October 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 October 1, 2023. *The state of Rhode Island requires a 90-day notification period for all policyholders. Therefore, the effective date for the affected RI policies indicated below will be November 1, 2023. For details on yearly rate adjustment percentages, view the supplemental grid here. Impacted Forms Impacted States LTC04G Arizona & Rhode Island LTC04I Arizona & Rhode Island LTC04I7 Arizona &
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Understand Your Role in the Claims Process

When the need for long-term care services arises, the agent is often the first person the policyholder contacts. That’s why it’s important for you to know how the claims process works in order to understand your role. Making initial contact- The insured may contact you as their first step. Gathering information- A representative from Mutual of Omaha’s claims department will talk with the insured to gather more information. Explaining how the policy works- Not all LTC policies are the same. Determining benefit eligibility- Each policy states how the insured is eligible for benefits. Paying the claim- After the elimination period
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Exciting News: LTC Policyholders Now Have Enhanced Customer Access Features

Exciting News, LTC policyholders now have an enhanced experience when signing into Customer Access. Once they sign in, they will no longer need to log in to two websites to access their LTCi policy. *For any policyholders who have previously saved a link to their LTC account as their default web page they will be directed to sign in to Customer Access. Through Customer Access, policyholders will have features available to help them manage their account information such as: Update personal & billing information Enroll in automatic deduction Review policies or request duplicate documents initiate claims online View claim status
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Stack the Competition

In today’s market it’s more important than ever to consider the financial strength and stability of the company you choose to do business with. Three Ways Mutual of Omaha Comes Out on Top When it comes to finding the right long-term care solution for a client, you have more options than ever. Here are three things we think will put Mutual of Omaha’s LTCi at the top of your list. Commitment to Traditional LTCi Training and Support Strength and Experience Take a look at three reasons why Mutual of Omaha comes out on top in the LTCi space.   Stack
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Categories: Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

Protecting Things That Matter Most With LTCi

Our long-term care consumer video is a good way to show people how an LTCi policy can help them protect the things that are most important – spending time with family, staying in the home they love, and using their nest egg to make retirement dreams come true. Showcase the video to get people thinking about the future and their potential need for long-term care. For more information and linked videos per state check out the flyer.   Protecting Things That Matter Most With LTCi   #goldencareagent #mutualofomaha
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Categories: Consumer Marketing Materials, 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.   e-App Storefront Guide Available with Enhanced Functionality We have updated our e-App Storefront Guide to include the new functionality enhancements.   Upcoming Rate Adjustments View upcoming rate adjustments for various states.   Dental: Updated Dental Benefits Availability Map We have updated our Dental Availability Map to reflect our dental insurance enhanced benefits.   Prescription Drug Plans: New PDP Plan Offerings for 2024 Learn about three Prescription Drug Plans, Mutual of Omaha Rx is offering for the 2024 plan year.   #goldencareagent #mutualofomaha
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).