Lumico Medicare Supplement Rate Adjustment (Oklahoma)

The following rate adjustments are effective January 1, 2021 for new and in-force business in Oklahoma. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Oklahoma 8.0% 3.0% 4.0% -5.0%   Please refer to the points below to determine which rates should be applied. Any application dated on or after December 1, 2020, requesting a policy effective date before January 1, 2021, will receive the current 1-1-20 rates. Any application dated on or after December 1, 2020 requesting a policy effective date of January 1, 2021 or after will receive the new 1-1-21 rates. Marketing Materials: For
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Categories: Industry News and Medicare Supp./Adv..

Lumico Medicare Supplement Rate Adjustment (Missouri)

The following rate adjustments are effective January 1, 2021 for new and in-force business in Missouri. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Missouri 10.0% 15.0% 8.0% 5.0%   Please refer to the points below to determine which rates should be applied. Any application dated on or after December 1, 2020, requesting a policy effective date before January 1, 2021, will receive the current 1-1-20 rates. Any application dated on or after December 1, 2020 requesting a policy effective date of January 1, 2021 or after will receive the new 1-1-21 rates. Marketing Materials: For
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Categories: Industry News and Medicare Supp./Adv..

2021 Copay and Deductibles Announced

The Centers for Medicare and Medicaid Services (CMS) recently announced their 2021 Copay/Deductibles. Listed below are basic costs for people with Medicare.   2021 Copay/Deductibles     2020   2021 Part A Deductible $1,408 $1,484 Part B Deductible $198 $203   Part A Coinsurance     Days 61 — 90 $352 $371 Days 91 — 150  (Lifetime Reserve Days*) $704 $742   Skilled Nursing Home     Days 21 — 100 $176 $185.50   Standard Part B Monthly Premium   $144.60   $148.50   High Deductible Plans F & G   $2,340   $2,370 Plan K Out of Pocket $5,880
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Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Lumico’s Q4 incentives just got even better

∞ NO LIMIT TO HOW MUCH YOU EARN $150 PER UNDERWRITTEN MED SUPP $50 PER NON-UNDERWRITTEN MED SUPP   Qualify with just three applications in a month. Valid October, November and December.   Lumico’s Q4 incentives just got even better   Lumico — Insurance Made Clear.   #goldencareagent #lumico
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Categories: Industry News and Medicare Supp./Adv..

Lumico looks forward to supporting you during AEP!

Annual Enrollment Period (AEP) has kicked off! Yesterday marked the start of the Annual Enrollment Period (AEP). We wish you good luck and much success. We have created a Top 5 Frequently Asked Questions guide for your reference for the new Lumico e-Application. It includes short step-by-step instructions to help you successfully navigate the following areas: eSignature process Review screen/missing information (yellow triangles) Uploading additional documentation How to make a change on the application Printing completed applications You can find the helpful guide here: Med supp e-App Top 5 FAQs   If you have any additional questions, we are here
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Categories: Industry News and Medicare Supp./Adv..

Make Life Easier with Mobile Quotes

Mutual of Omaha’s “Quotes for Sales Professionals” mobile app makes your life easier by allowing you to quote on the go. The following products are available for mobile quoting: Life Products Indexed Universal Life Express (IULE) Living Promise Whole Life (Final Expense) Term Life Express (TLE) Term Life Answers (TLA) Guaranteed Universal Life Express (GULE) Children’s Whole Life (CWL) Health Products Guaranteed ADvantage (AD) Critical Advantage Individual Dental Medicare Supplement Long Term Care Priority Income Protection No more rates sheets and manual calculators. This tool allows you to enter your client’s information and get an instant quote right on your
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Categories: Accident Insurance, Critical Illness, Dental, Disability Income Insurance, Industry News, Life Insurance, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Preparing for Lumico’s new and improved e-Application!

As you may have heard already, we are launching a brand new e-App on Monday, September 14. To access our new application, you will need to register on our new agent portal. Remember to register for the portal – registration can be completed in just a few short minutes. The new e-App will be accessible at www.LumicoAgentCenter.com. Some of it’s new features include: Instant Decision Underwriting – Ability to auto-approve open enrollment and underwritten cases when applicable Dual Applicant Enrollment Capability – Allows for a spouse and partner to apply simultaneously Integrated Voice Signature – Reducing the effort to set-up
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Categories: Industry News and Medicare Supp./Adv..

Agent Registration Required for the new Lumico e-Application

Lumico’s new e-Application will be hosted on a brand new portal. Registration for this new portal is REQUIRED to start a Lumico Med Supp application. Below is a step-by-step approach to get your agents registered and ready to go! Agents can begin registering today through this link: Lumico Agent Center (agents should have received an email from noreply_test@lumico.com inviting them to register) Agents are encouraged to review new e-Application reference materials, including our updated state availability map and IVR process, and test out the new e-Application Starting on 9/14, Lumico’s new e-Application will be available in the portal and the
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Categories: Industry News and Medicare Supp./Adv..

Lumico Medicare Supplement Rate Adjustment (Indiana)

The following rate adjustments are effective September 1, 2020 for new and in-force business in Indiana. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Indiana 4.0% -5.0% 4.0% 0.0%   Please refer to the points below to determine which rates should be applied. Any application dated on or after August 1, 2020, requesting a policy effective date before September 1, 2020, will receive the current 9-1-19 rates. Any application dated on or after August 1, 2020 requesting a policy effective date of September 1, 2020 or after will receive the new 9-1-20 rates. Marketing Materials: For
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Categories: Industry News and Medicare Supp./Adv..

Lumico Medicare Supplement Rate Adjustment (North Carolina)

The following rate adjustments are effective September 1, 2020 for new and in-force business in North Carolina. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N North Carolina 6.0% 3.0% 6.0% 0.0%   Please refer to the points below to determine which rates should be applied. Any application dated on or after August 1, 2020, requesting a policy effective date before September 1, 2020, will receive the current 8-1-19 rates. Any application dated on or after August 1, 2020 requesting a policy effective date of September 1, 2020 or after will receive the new 9-1-2020 rates. Marketing
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Categories: Industry News and Medicare Supp./Adv..