Medicare Spared ACA Cuts, CMS letter says
A letter released Tuesday by the Centers for Medicare & Medicaid Services (CMS) dispelled concerns that ACA-mandated Medicare cuts would go into effect this year.
According to the letter, the CMS Chief Actuary is required to calculate the projected 5 year growth rate of per capita cost and spending for Medicare. It must then be determine dwhether or not the growth rate falls within a specified range. The projected growth rates are based upon the medical category of the Consumer Price Index. If the projected growth rate does not fall within the target range, a “savings target” will be implemented and Medicare[…]
Genworth to Stop Selling AARP Long Term Care Insurance Branded Products
Genworth announced today that they will cease new sales of AARP Long Term Care Insurance branded products.
This cessation comes nearly 6 years after the two companies joined together to provide innovative Long Term Care Insurance products specifically for AARP members. Existing Long Term Care coverage will not be affected by the change. 
Genworth (NYSE: GNW) is a Fortune 500 company that currently holds the ranking as the largest Long Term Care Insurance provider in the nation.
In 2007, Genworth joined with AARP to provide unique Long Term Care planning tools[…]
Shock, Genworth Long Term Care Insurance is Pulling out of California
LTC Tree just heard through sources that Genworth will cease writing California Long Term Care Insurance business 3/21/2013. This action is due to the fact that Genworth still has their old California Long Term Care Insurance product active in the state. The product that will be taken away in California Long Term Care Insurance market, is the Genworth LTC Choice and California Long Term Care Insurance Partnership version. Those plans still have the old rates from at least four years ago, with no potential in sight for approval on the new products and pricing.
Obviously, when a company cannot control it’s own pricing,[…]
Huffington Post Long Term Care goes Wild on Genworth
After reading a Huffington Post Long Term Care article entitled: Genworth Financial Exploits Obamacare Loophole To Charge Women More For Insurance, we had to respond to the irrational logic the journalist who wrote the piece expressed. The position of fairness she took just does not hold water with multiple other insurance products where men pay much higher rates… say Life Insurance or Auto Insurance!
Huffington Post Long Term Care Slams Genworth with Hyperbole
Here’s a bit from the Huffington Post Long Term Care article on Genworth:
Many women soon can thank Obamacare for ensuring that they won’t have to pay higher health insurance[…]
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[…]
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