The Cost-of-Care Study Results Are In Every year, Mutual of Omaha conducts a cost-of-care study in all 50 states, and the results are in. The cost of services continues to rise and the average cost for a home health aide is over $70,000 a year. We’ve updated our cost-of-care tools to reflect the changes in price and to help you guide the conversation about how clients intend to pay for their long-term care. Resources for Long-Term Care Sales: Cost-of-Care Sales Ideas — Share the Cost-of-Care Overview and Home Health Care Sales Idea with agents to equip them for powerful conversations
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South Carolina Tobacco Rating Change and Customer Refunds
Tobacco rating changes have been made in the state of South Carolina. The State of South Carolina has provided us with additional clarification on how we should be using the Tobacco rating during Open Enrollment (OE) and Guaranteed Issue (GI) situations on the Mutual of Omaha block of business. Moving forward, we will no longer be using Tobacco rating during OE/GI situations. We have updated our materials and internal system with this change. Attached is the revised Underwriting Guidelines which include those changes. Customers that were charged using this rating will receive notification letters in the mail that will state
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Important Notice: Illumifin Has Updated Their Email Address Domain
Please note that Illumifin has changed its email address domain from ltcg.com to illumifin.com. All emails sent to illumifin employees using “@ltcg.com” will be forwarded to the illumifin.com domain until August 21st, 2024. On this date, the ltcg.com email domain will shut down permanently and emails will no longer be forwarded. The format of illumifin employee email addresses has also changed. There will no longer be a period in-between the first and last name within the email address. For example, any email that would originally be sent to firstname.lastname@ltcg.com should now be addressed to firstnamelastname@illumifin.com. Helpful Tip: A helpful feature
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Earn More In 2024 – Broker Bonus Just by writing Mutual of Omaha Med supp business, you can earn some easy cash back into your pocket. Updated Supply Order Form Effective immediately, please use the newest Supply Order Form to order Senior Solutions prospecting materials. Mutual of Omaha is Innovating for You Mutual of Omaha is committed to providing innovative solutions for a better producer experience. Upcoming Rate Adjustments View upcoming rate adjustments for various states. 2024 Wisconsin Med Supp Buyer’s Guide is Available The 2024 Wisconsin Buyer’s Guide is available to download or
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Cash and Reimbursement Benefits
Learn How Traditional LTCi Gives Clients the Flexibility to Choose No one knows what type of care they may need. So when selecting a long-term care insurance policy, it’s best to have options that give people the flexibility to meet any situation. Mutual of Omaha’s long-term care insurance policies contain a built-in cash benefit that allows your clients to choose how they prefer to receive policy benefits. Learn more about our cash and reimbursement benefits here. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Cash and Reimbursement Benefits
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Care Coordination: A Built-In Benefit That Provides Real Value for Families
Arranging for long-term care services is no easy task. No matter when it happens, families often struggle to find appropriate care for their loved one. Mutual of Omaha’s LTCi policies contain a care coordination benefit that helps families manage their loved one’s long-term care needs. Check out the Care Coordination Sales Idea flyer to see how it works: Sales Idea: Care Coordination Remember, don’t overlook care coordination. Take the important step to educate your clients on how the policy works when they make a claim. Care Coordination: A Built-In Benefit That Provides Real Value for Families #goldencareagent #mutualofomaha
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Helpful Hint: Understanding the Limited Duration Inflation Options on Winflex Illustrations
Reminder: When using Winflex Web to quote our LTC products, please keep in mind as you review the illustration output that for any of our limited-duration inflation options, inflation is not applied until policy year 2. For example, if you choose a 20-year inflation protection duration, inflation would be applied every year during policy years 2-21 to hit the 20-year mark. It’s also important to note that Winflex’s illustration only shows in 5-year increments. Therefore the illustration would include year 25 as well to account for the inflation applied in policy year 21. If you have any questions regarding our
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. Upcoming Rate Adjustments View upcoming rate adjustments for various states. How to Close Medicare Supplement Sales – March Webinar The ABCs of how to prospect to Medicare age clients and tools to help close the sale. Mutual of Omaha’s Updated Contact Card If you are unsure who to contact for your Medicare Solutions questions, don’t forget to use our handy contact card. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Personalized URLs for Med Supp and Dental are now available You
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Long-Term Care Insurance Policies Covers More Than Nursing Home Care
7.6 million individuals currently receive care at home because of acute illnesses, long-term health conditions, permanent disability, or terminal illness. And today, someone turning age 65 has almost 70% chance of needing some type of long-term care services and support in their remaining years. Read our Sales Idea to better understand how you can help clarify the misconception that an LTCi policy only covers care in facilities like nursing homes. And discuss the multiple care options that long-term care insurance offers clients as they age. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800)
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Help Clients Plan for the Rising Costs of Long-Term Care Services
Historically, the cost of long-term care services has increased approximately 5% per year—a trend that isn’t expected to end anytime soon. Clients may be concerned that a policy today may not have adequate funding to address their increased costs in the future, that’s why we offer an Inflation Protection rider on the MutualCare® Custom Solution policy. This allows clients to tailor a plan of coverage to meet their current budget requirements while adjusting for the future increased expenses of LTC services. Read the concept flyer to learn more. Help Clients Plan for the Rising Costs of Long-Term Care Services
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