Never miss any update

Subscribe to the Planning Tips and Carrier News for Advisors newsletter today to receive updates on the latest news from our carriers.

Your privacy is important to us. We have developed a Privacy Policy that covers how we collect, use, disclose, transfer, and store your information. 

May 24, 2016 • LTCI Partners

MutualCare California Update

MutualCare® Secure Solutions LTCi California Update

Effective June 1, 2016 in California, the MutualCare® Secure Solution product will have the following changes:

  • Maximum Monthly Benefit will now be available for $1500-$10,000 (in $1 increments)
  • Residential Care Facility and Home Care benefits will only allow for the option of 100%

In order to accommodate clients that wish to have a lower maximum monthly benefit, the MutualCare® Secure Solution product now offers a lower Maximum Monthly Benefit of $1,500.  However, to meet state requirements, the Residential Care Facility and Home Care benefits can only be offered at 100% on that package. The good news for your clients is they still have the best of both worlds. If your clients want to dial down the Residential and Home Care benefits from 100%, they can still select this option on our MutualCare® Custom Solution product which still offers the Maximum Monthly Benefit minimum of $3,000.

Transition Rules

Applications have been updated to reflect these changes.  The following transition rules apply:

  • May 18, 2016 - New MutualCare® Secure Solution brochure will be available (CA only)
  • June 1, 2016 – New application, Electronic application, Winflex and MutualCare® Solutions software available
  • June 15, 2016 - The last date old applications will be accepted in the Home Office
  • Any pending applications will be processed as applied for

Please note these changes are for the MutualCare® Secure Solution only.

Updated MutualCare® Secure Solution product brochure (33381CA) and updated applications will be available to order through your normal channels. Please destroy your current stock of brochures and applications

Written by LTCI Partners