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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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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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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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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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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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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GoldenCare Newsletter | July 17, 2023
Read Full GoldenCare Newsletter, July 17, 2023 Edition In this GoldenCare Newsletter Edition From GoldenCare: For Immediate Release: Introducing OmniFlex™ Short-Term Care Introducing OmniFlex™: A Revolutionary Short-Term Care Plan Redefining the Industry, offered by ManhattanLife Continue reading → Competitive Opportunity In The Medicare Supplement Market Tues, July 18, 2023 9:30 AM CDT Top Highlights of our Revolutionary STC Plan Thurs, July 20, 2023 10:00 AM to 10:30 AM CDT OmniFlex™ Short-Term Care Available In Two Additional States On June 22 the OmniFlex™ product launched, and already we have an exciting announcement! Effective June 26th, the plan was approved for sales
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