Upcoming Lumico Med Supp rate adjustment on 3/1

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Upcoming rate adjustment for Med Supp

Effective March 1, there will be a rate adjustment for Med Supp policies underwritten by Lumico Life Insurance Company (Lumico) in the following states: AL, FL, IA, KS, KY, MD, MO, NM, ND, NV, OK, OR, PA, SD, UT, VA, WI, WV and WY.

Here’s what you need to know:

  • New policies will continue to be underwritten by Lumico in: AL, FL, KS, NM, NV, OR, VA, WV and WY. Please note the following cut off dates:
    • Applications signed and received on or after 2/1/23, with a requested effective date on or after 3/1/23, will be subject to the new rate.
    • Applications signed and received on or before 1/31/23, with a requested effective date on or after 3/1/23, will receive the current rate.
  • No new policies will be underwritten by Lumico in: IA, KY, MD, MO, ND, OK, PA, SD, UT and WI. Policies in these states will continue to be underwritten by Elips Life.

Thank you!
Lumico Medigap Solutions Team
 

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