Lumico Rate Adjustment (Oregon)

Lumico received approval for a rate adjustment in Oregon, effective October 1, 2019. Any application dated on or after September 1, 2019 requesting a policy effective date before October 1, 2019 will receive the current rates. Any application dated on or after September 1, 2019 requesting a policy effective date of October 1, 2019 or after will receive the new rates. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Oregon 8.0% 8.0% 5.0% 5.0%   Click here for a copy of the new rates.   Lumico — Insurance Made Clear.   #goldencareagent #lumico
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Categories: Industry News, Lumico, and Medicare Supp./Adv..

Clarification on Lumico’s Underwriting Process

Clarification on Lumico’s Underwriting Process It has been mentioned by several agents that during the underwriting process Milliman RX Rules has been making underwriting decisions, based on the drugs they show for an individual applying for Lumico’s medicare supplement plans. We believe this is happening because when a client is declined due to a particular drug or combination of drugs we suggest the applicant contact Milliman to see and confirm the drugs they have listed are actually correct. The results received from Milliman are then reviewed by Lumico for a underwriting decision. Milliman in no way makes these underwriting decisions
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Categories: Industry News, Lumico, and Medicare Supp./Adv..

Lumico Rate Adjustment (Indiana)

Lumico received approval for a rate adjustment in Indiana, effective September 1, 2019. Any application dated on or after August 9, 2019 requesting a policy effective date before September 1, 2019 will receive the current rates. Any application dated on or after August 9, 2019 requesting a policy effective date of September 1, 2019 or after will receive the new rates. Lumico   Rate Adjustment State Plan A Plan F Plan G Plan N Indiana 4% 4% 4% 4%   Click here for a copy of the new rates.   Lumico — Insurance Made Clear.   #goldencareagent #lumico
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Categories: Industry News, Lumico, and Medicare Supp./Adv..