Thrivent offices and call centers closed for Presidents Day on 2/19

Thrivent offices and call centers closed for Presidents Day on 2/19 On Monday, Thrivent will observe Presidents Day — all corporate offices and call centers will be closed.   New mailing address as of 2/16/24 Newman Long Term Care 600 Portland Ave. S. Suite 100 Minneapolis, MN 55415-4402   Note: This address should only be used for mailings that are not time-sensitive. This is a mail-stop only. Mailed items may experience a delay as they are relayed to our remote teams. We encourage you to contact us before mailing anything. Applications or other time-sensitive items should be sent electronically by
Read More

Categories: Industry News, Long-Term Care, and Thrivent.

2024 Long-Term Care Insurance Tax Deductible Limits

Tax-qualified LTCi premiums are considered a medical expense. For an individual who itemizes tax deductions, medical expenses are deductible to the extent that they exceed current amount required to meet the individual’s Adjusted Gross Income (AGI). The amount of the LTCi premium treated as a medical expense is limited to the eligible LTCi premiums, as defined by Internal Revenue Code 213(d), based on the age of the insured individual. That portion of the LTCi premium that exceeds the eligible LTCi premium is not included as a medical expense. Individual taxpayers can treat premiums paid for tax-qualified long-term care insurance for
Read More

Categories: GoldenCare News, Industry News, and Long-Term Care.

Thrivent and LTCG/illumifin Labor Day holiday closures

Thrivent will be closed Monday, Sept. 4 Thrivent (and our underwriting partners at illumifin) will be closed on Monday in observance of Labor Day. Normal operations will resume on Tuesday the 5th.   #goldencareagent #thrivent #ltc
Read More

Categories: Industry News, Long-Term Care, and Thrivent.

Thrivent and LTCG/illumifin holiday closures

Thrivent and LTCG/illumifin holiday closures Thrivent and our underwriting partners at LTCG/illumifin will be closed July 4th in observance of Independence Day.   #goldencareagent #thrivent #ltc
Read More

Categories: Industry News, Long-Term Care, and Thrivent.

Upcoming Thrivent Holiday Closure – June 19

Thrivent will be closed June 19th In observance of Juneteenth, Thrivent and our underwriting partners at LTCG, will be closed on 6/19/23.   #goldencareagent #thrivent #ltc
Read More

Categories: Industry News, Long-Term Care, and Thrivent.

Upcoming Thrivent Holiday Closure – May 29

Holiday closure – May 29 Thrivent and our partners at LTCG will be closed on Monday, May 29th in observance of Memorial Day.   #goldencareagent #thrivent #ltc
Read More

Categories: Industry News, Long-Term Care, and Thrivent.

Paid Long-Term Care Insurance 2022 Claims Grow

Long-term care insurance companies paid out a record $13.25 Billion in 2022 according to the American Association for Long-Term Care Insurance (AALTCI). “Claim benefit payouts for policyholders with traditional long-term care insurance coverage grew from $12.3 Billion in 2021,” reports Jesse Slome, AALTCI’s director. “The increase in benefit payouts is expected as policyholders age and start to require care.” For calendar-year 2018 the Association reported that long-term care insurers paid out $10.3 Billion. According to Slome, the amount reported represents claims for those owning traditional or health-based long-term care insurance. “Data for linked-benefit policies is harder to calculate because there
Read More

Categories: GoldenCare News, Industry News, and Long-Term Care.

2023 Partnership Minimum Benefit Requirements for CA, CT, IN and NY

Each year, the original Partnership states (CA, CT, IN and NY) revisit certain minimum benefit requirements to qualify for their Partnership programs. The requirements that are changing for 2023, as well as some (but not all) minimum Partnership requirements that not changing, are described below. Note: Updates to the minimum benefit requirements apply to newly-issued policies and may in some cases apply to benefit reductions on existing policies. California Partnership The minimum benefit requirements for Partnership in California are changing for 2023. Requirements 2022 2023 Minimum Daily Benefit $260 $280 Minimum Monthly Benefit $8,060 $8,680   Connecticut Partnership The minimum
Read More

Categories: Genworth, Industry News, and Long-Term Care.

Introducing Caregiver Resources from Thrivent

Introducing Thrivent’s newest membership benefit to support caregivers Video: Introducing Caregiver Resources (2:12) Thrivent is introducing a valuable new membership benefit: Caregiver resources from Dari by Homethrive. Dari offers online resources including articles, videos, blogs and checklists on topics related to aging and caregiving. Users can: Chat live with an expert Get personalized recommendations Have relevant content emailed to them. And while other services specialize in helping clients find the best care facility, Dari focuses on supporting caregivers to help aging adults live safely and successfully in their homes as long as they can. Behind Dari is a team of
Read More

Categories: Industry News, Linked Benefit/Hybrids, Long-Term Care, and Thrivent.

Caregiver Resources from Dari by Homethrive

Intro to Thrivent’s new member benefit – Caregiver Resources from Dari by Homethrive Thursday, October 27 at 3:00 PM Central A unique feature of being a fraternal insurer means that Thrivent clients receive membership benefits. These resources are meant to help clients at various stages of their life journey. While member benefits should not be used to entice the sale of a Thrivent solution, advisors should be aware of these perks available to members. This webinar will provide an overview of our member benefits in general, as well as launch our newest member benefit – Caregiver Resources from Dari by
Read More

Categories: Industry News, Linked Benefit/Hybrids, Long-Term Care, and Thrivent.