Upcoming rate adjustment for Med Supp
Effective October 1, there will be a rate adjustment for our Med Supp policies underwritten by Lumico Life Insurance Company in Arkansas.
- Applications signed and received on or after 9/1, with a requested effective date on or after 10/1, will be subject to the new rate.
- Applications signed and received on or before 8/31, with a requested effective date on or after 10/1, will receive the current rate.
- Applications requesting an effective date prior to 10/1 will also continue to receive the current rate.
- The rate adjustment on 10/1 applies to existing Med Supp policyholders in AR with policies underwritten by Lumico.
- No new Med Supp policies will be underwritten in AR.
- All new Med Supp policies in AR will continue to be underwritten by Elips Life.
Lumico Medigap Solutions Team
Lumico — Insurance Made Clear.