New Tablet Helps Seniors Manage Health and Communicate with Family
A button-free tablet designed specifically for seniors was recently introduced by a healthcare company. The tablet is meant to help users manage their health regimen and keep in contact with family members.
Interface and Communication
The Claris Companion – photo provided by Claris Healthcare
Claris Healthcare released the tablet last month and has begun sales in their online market. The tablet features a simple user interface, a button-free design, and the device comes completely configured. Purchasers must create an account before buying the tablet, in order to have[…]
John Hancock Makes Adjustments to State Partnership Long Term Care Insurance Products
John Hancock has announced the discontinuation of the sale of its California Partnership Long Term Care Insurance product, effective Monday, September 16.
Strict Regulations and Low Sales in California
The company described the move as a “difficult decision” based on “continued low sales volume” and their findings “that the strategic direction of our LTC products and markets no longer synchronizes with California Partnership regulatory requirements”.
Current policyholders of California Partnership plans will not be affected by the changes, and already existing plans remain guaranteed renewable. However, the company did note that premium rates can be raised based on regulatory approval. All applications for[…]
Genworth Privileged Choice Flex 2 Changes
Change is Coming to Genworth Long Term Care Insurance
We just received official word that on April 15, 2013, Genworth Financial will be rolling out their new Genworth Privileged Choice Flex 2 Long Term Care Insurance product in virtually all states. This new product will have some major changes and will be the biggest one-time shift in underwriting the Long Term Care Insurance has ever experienced in history. It’s a much needed change to keep the industry healthy for the long-term. After all, the companies need to be financially sound for years to come, so improving internal processes and standards is to be[…]
Long Term Care Insurance Women
Updated February 19, 2013: The Genworth changes were just announced and can be found here.
Genworth announced in November 2012 they will be moving to a new gender based Long Term Care Insurance women based underwriting platform.
This change means they will be charging women around 40% more for the insurance. Single women are expected to get hit the hardest on this new underwriting and pricing change since they are the biggest claim risk to the insurance companies. This change is anticipated to happen with their new product roll out on April 15th, 2013. Women live[…]
Consumer Reports and Long Term Care Insurance
Consumer Reports, known for their insightful knowledge of seemingly all products and services, focused their attention on the entire Long Term Care Insurance industry and product, from top to bottom, and provided characteristic insight in the form of advice aimed especially at consumers currently shopping for Long Term Care Insurance.
Consumer Reports LTC Advice:
- Look for a strong insurer. In other words, Consumer Reports suggests looking for Long Term Care Insurance companies with an excellent A+or better financial rating provided by the financial stability rating companies such as AM Best, Moodys, Standard & Poors, and Weiss Rating. At LTC Tree, we have found that[…]
Reviews of each company’s financial stability ratings, claims experience, and size.
A side-by-side comparison of each company’s policy features. We cover the similarities and the differences.
Price comparisons customized to suit your specific needs from top carriers such as Nationwide, Thrivent, New York Life, National Guardian Life, Mutual of Omaha, and more.