Today’s Reality — When individuals require assistance with their daily tasks, families frequently find themselves in a situation that demands quick action, with numerous choices to evaluate and immediate judgments to render. The Solution — Mutual of Omaha’s long-term care insurance policies feature a care coordination benefit designed to assist families in handling the long-term care requirements of their loved ones. When a claim is initiated, a care coordinator is assigned to the family as their primary point of contact. This coordinator collaborates closely with the family to organize services and the care needs are properly addressed. Let’s take a
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. E-Application Storefront Signature Methods Did you know your client has multiple signature options when using our e-Application storefront? Running a Quote for Your Client Mutual of Omaha offers multiple ways to provide a quote for your clients, while also potentially saving them some money. 2024 Medicare Copay/Deductibles The Center for Medicare and Medicaid Services (CMS) has announced the 2024 Medicare Premiums and Copay/Deductibles. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Paper Applications and Revisions Don’t forget, written consent is required
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LTC Awareness Month: What You Do Matters!
The Importance of Long-Term Care Insurance: What You Do Matters November is Long-Term Care Awareness Month, and an excellent opportunity to reach out to clients about the importance of planning. Mutual of Omaha offers multiple solutions to help clients plan ahead. We offer traditional long-term care insurance as well as a life insurance product with a long-term care rider. When it comes to long-term care insurance, we want clients to know we are providing solutions to assist them throughout their care journey. We take pride in delivering on our promises when our policyholders and families need it most. The
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2024 Medicare Copay/Deductibles
The Center for Medicare and Medicaid Services (CMS) has announced the 2024 Medicare Premiums and Copay/Deductibles. Medicare Part B Premium The Medicare Part B standard monthly premium will be $174.70 in 2024, compared to $164.90 in 2023. Note: The income-related Part B premiums for 2024 will vary depending on the extent to which an individual beneficiary’s income exceeds $103,000 (or a married couple’s income exceeds $206,000). 2024 Income Level-File Individual 2024 Income Level-File Joint 2024 Part B Premium Less than or equal to $103,000 Less than or equal to $206,000 $174.90 Greater than $103,000 and less than or equal to
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South Carolina Rate Adjustment Filing Notification Letter
Mutual of Omaha has filed for rate increases in the state of South Carolina. Although approval is pending, South Carolina requires carriers to notify policyholders of the rate adjustment request via letter. Within the notification letter, the insured was informed of the following: The average proposed rate adjustment The advanced notification requirements (60, 75, or 90 days) The rate increase notification expectations Bureau of Insurance contact information We are continuing to work with the states on the actual rate increase filings and will communicate approved amounts as well as implementation dates when that information is available. If you have
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Medicaid vs. Long-Term Care Insurance
Help your clients understand the differences of between Medicare and Medicaid vs. Long-Term Care Insurance. Medicare and Medicaid are programs that help to improve/correct specific medical or health problems, however, where they fall short is they don’t help with day-to-day activities of daily living. This is where having the right long-term care policy in place can benefit your clients. Long-term care insurance has several key factors to help your clients stay ahead and plan for the future by: Protecting a lifestyle Offering comprehensive coverage Having flexible benefits Tax advantages Let’s take a closer look at the options provided to your
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Inforce LTCi Rate Adjustments Effective January 1, 2024
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 January 1, 2024: Georgia & Alabama Policy Forms Impacted 2024 Non-Lifetime Benefit Period Increase 2024 Lifetime Benefit Period Increase LT50 13.1% 15.0% NH50 13.1% 15.0% HCA 13.1% 15.0% LTA 13.1% 15.0% NHA 13.1% 15.0% Indiana Policy Forms Impacted 2024 Non-Lifetime Benefit Period Increase 2024 Lifetime Benefit Period Increase LT50 10.0% 22.0% NH50 10.0% 22.0% HCA 10.0% 22.0% LTA 10.0% 22.0%
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Commitment to Traditional Long-Term Care Insurance
Although non-conventional funding choices might be suitable for certain individuals, we maintain that a conventional Long-Term Care Insurance policy continues to be the optimal solution for numerous clients. Let’s take a look at some of the distinguishing features that set our products apart from the competition. If you have any questions, please contact Mutual of Omaha’s Sales Support at (800) 693-6083 or e-mail sales.support@mutualofomaha.com. Commitment to Traditional Long-Term Care Insurance #goldencareagent #mutualofomaha
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Medicare Solutions – Omaha Family of Companies
Medicare Supplement: Upcoming Rate Adjustments View upcoming rate adjustments for various states. Extras Your Clients Want Mutual of Omaha Medicare supplement policyholders receive several value-added benefits with their policy. Upcoming Rate Adjustments View upcoming rate adjustments for various states. Easily Submit Business Using Our e-App Storefront The storefront is specifically designed to support our Medicare supplement, dental and prescription drug plan producers-submitting applications is so easy! Open Enrollment vs. Guaranteed Issue Do you know the appropriate scenario to help guide you on how to best talk to your client about their Medicare supplement policy? Dental:
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Things to Know Before Completing the Application
Evaluating an application for long-term care insurance involves considering various factors, such as your client’s medical history, current health, medications, and daily activities. When completing the application with your client, make sure you understand their current health, if they have an upcoming medical appointment or procedure or if they have ever been diagnosed with a chronic condition. Use this flyer to help you and your client understand some of the things our underwriting team will evaluate on your application submission that might affect your client’s eligibility.. If you have any questions, please contact Mutual of Omaha’s Sales Support at
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