Great news: Med Supp plans now available in 5 states for Elips Life! Effective May 2, you can offer your clients Med Supp Plans A, F, G, N and High Deductible Plan G in KY, MD, MO and PA, and Basic Plan and optional Riders in WI, all underwritten by Elips Life Insurance Company. Here’s what you need to know: Effective 5/2, acceptance of new Med Supp apps underwritten by Lumico will be discontinued in these states. A 30-day transition period will be available to complete and submit any pending Lumico Life applications in newly available Elips Life states. Lumico
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Upcoming Lumico Med Supp rate adjustment on 6/1 (NJ)
Rate adjustment for Lumico Med Supp policies Effective June 1, there will be a rate adjustment for Lumico’s Med Supp Plans A, F, G and N. This will affect existing policyholders in New Jersey. There will be a 30-day cut-off period for applications written in this state, from 5/1 – 5/31: Applications signed and received on or after 5/1, with a requested effective date on or after 6/1, will be subject to the new rate. Applications signed and received on or before 4/30, with a requested effective date on or after 6/1, will receive the current rate. Applications requesting an
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Reminder – Upcoming holiday hours
A holiday’s around the corner! Good Friday is April 15th, which will impact Lumico’s Health Service Center hours. Please review Lumico’s Holiday Calendar for office and service center closures or impacted hours of operation. We appreciate your partnership and hope you enjoy the holidays! Note: If you experience production issues at any time, please call our production support line at 1-888-536-0918. Thank you! Lumico Medigap Solutions Team Lumico — Insurance Made Clear. #goldencareagent #lumico
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Upcoming Lumico Med Supp rate adjustment on 3/1
Rate adjustments for Lumico Med Supp policies Effective March 1, there will be a rate adjustment for Lumico’s Med Supp Plans A, F, G and N in 17 states, and basic plan and riders in Wisconsin. This will affect existing policyholders in the following states: AL, FL, IA, KS, KY, MD, MO, ND, NM, NV, OR, PA, SD, UT, VA, WI, WV and WY. Communications are being sent to existing policyholders based on their upcoming rate adjustment date. We recommend agents contact their clients in these states who may be impacted. For new sales: The rate adjustment will also be
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New year, new signature option for Lumico Medigap Solutions
Coming soon: new signature option for Lumico Medigap Solutions On February 1, we’re launching a new Security Question Signature (qSig) option for Med Supp. qSig will be our fastest and most efficient signature process yet! It allows applicants to choose from a list of common security questions to apply their signature. Watch this video for a sneak peek… and keep a look out for more resources! Thank you! Lumico Medigap Solutions Team Lumico — Insurance Made Clear. #goldencareagent #lumico
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Lumico News: FYI – Insurance license scam alert
Attention: insurance license scam alert We’ve received a notice from the Department of Insurance concerning an insurance license scam. We wanted to make you aware of this situation: Scam artists are identifying themselves (primarily by phone) as Department staff/investigators and notifying life insurance agents (i.e., the licensee) that they are under investigation, and that their license may be suspended or revoked, or that an arrest warrant has been issued in the licensee’s name. They will then request money to “resolve the problem.” If you suspect any fraud, please call the main line of the Department of Insurance. Please stay vigilant
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Important: 2 quick housekeeping reminders!
Two quick housekeeping reminders! Save these important phone numbers for Lumico support Agency Services and eApp Support: 833-866-9741 Licensing and Supplies: 855-972-2782 Claims, Underwriting, New Business, Commissions and Customer Service: 855-774-4491 Ensure paper apps are submitted in good order We want to make sure that you’re submitting guaranteed issue and fully underwritten Med Supp paper applications in good order. When submitting these apps, please complete and include the Authorization for Release of Personal and Medical Information form. This will help ensure a successful submission and not delay processing time. Thank you! Lumico Team Lumico — Insurance Made Clear.
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Exciting news: Paper apps now accepting 1/1/22 effective dates
Exciting Med Supp news! AEP is just a month away, but we’ve got some exciting news to share now! Starting today, you can submit paper apps for Med Supp with 1/1/22 effective dates. For paper: submit apps dated 9/15/21 with 1/1/22 effective dates. For e-App: submit apps dated 10/1/21 with 1/1/22 effective dates. Lumico Medigap Solutions can help your clients lower their out-of-pocket costs, with features that attract sales and boost your bottom line. Log in to Lumico Agent Center today! Thank you! Lumico Team Lumico — Insurance Made Clear. #goldencareagent #lumico
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Lumico Med Supp business discontinued in NC – learn how Elips Life can help!
Discontinuation of new Lumico Med Supp business in North Carolina Effective November 1, 2021, acceptance of new Med Supp applications (Plans A, F, G and N) underwritten by Lumico Life Insurance Company in the state of North Carolina (NC) will be discontinued. Commissions of your in-force Lumico Med Supp policies will not be affected. How can Lumico Medigap Solutions help your clients? Lumico’s sister company, Elips Life Insurance Company, offers affordable Med Supp plans (A, F, G, N and High Deductible Plan G) in the state of NC, using the marketing brand Lumico Medigap Solutions. Designed to help you retain
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ICYMI – We’ve enhanced our Agency Services support line!
Agency services support line updates Every day, we’re committed to finding new ways to create a great Lumico experience for our partners. With this in mind, we’re excited to offer added support for both life and health inquiries via phone and email. Phone: 833-866-9741 (prompts for life and Med Supp now available) 9am – 6 pm ET Email: Life: Agency_Services@iptiQ.com Med Supp: Lumico_AgencyServices@iptiQ.com We hope you find this extended level of customer service valuable to your business. Thank you for your partnership! Lumico Team Lumico — Insurance Made Clear. #goldencareagent #lumico
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