June 10, 2021
Is a Lumico Medicare Supplement Plan Right for Me?

Is a Lumico Medicare Supplement Plan Right for Me?

If you’re looking to lower your Medicare costs, you may be researching Medicare Supplement plans to fill your coverage gaps.

Whether you’ve seen it in an ad or received a recommendation from a friend, a new name in the scene might be sticking out to you: Lumico. This widely trusted insurance company has rolled out a new name for their Medicare Supplement products, with the same competitive rates and fantastic features.

What is a Lumico Medicare Supplement plan?  

Lumico is a leading provider of Life and Medicare Supplement insurance policies. Though their Medicare Supplement plan is fairly new to the industry, they have been protecting Americans for over half of a century.  

Lumico Medigap Solutions, the new name for Lumico, is a new offering brought to you by Elips Life Insurance Company, available starting June 14, 2021.

Federal law mandates that every Medicare Supplement plan is standardized, so your coverage will always be the same, regardless of what carrier you choose.

While the benefits are standardized, the premiums aren't! So, be sure to compare premiums before selecting any carrier – Lumico or otherwise!

How is Lumico different from other Medicare Supplement plans?  

Coverage will always be the same regardless of what Medigap provider you use, but there may be contrast regarding the following:  

  1. Underwriting: A series of medical questions asked by an insurance company to ensure your eligibility or determine your pricing structure.
  2. Price

Lumico Medicare Supplement is underwritten by Elips Life Insurance Company, which is well-known for great rates and even better service.

Rates and underwriting success depend on your health status, location, and many other factors.

At Medicare Allies, we are dedicated to finding the right Medicare Supplement plan for your specific situation. Here’s what Lumico Medigap Solutions offers:  

  • Some of the lowest rates on the market  
  • 12% household discount
  • Great customer service

Which states are Lumico Medigap policies available in?  

Lumico is currently available in a wide variety of states:

  • Alabama
  • Arkansas
  • Arizona
  • Georgia
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Mississippi
  • Missouri
  • North Carolina
  • Nebraska
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • West Virginia
  • Wisconsin

Lumico Medigap Solutions, the newest rollout for Lumico which is underwritten by Elips Life, will be available in over a dozen of those states!

Is Lumico the best Medigap plan?  

As always, it depends.  

The upside of coverage is unique to each person’s needs, so it can be difficult to come up with a hard and fast rule about which plans are the best. What we can tell you is that we are wholly dedicated to finding the right plan for your circumstances.

For example, if you have other members of your household that are using Lumico insurance for coverage and would therefore benefit from their stellar 12% household discount, this plan may be a great fit.  

Alternatively, if you live in a state where Lumico isn’t widely accepted, or have health issues that deem this plan to be too pricey, this specific Medigap option may not be right for you.  

There are many factors that affect which plan is right for you, but we will monitor all of them!  

Does Medicare Allies recommend Lumico Medicare Supplement plans?

We recommend whatever plan gives you the best rates and benefits for your area. Lumico Medicare Supplement is a fantastic option for many. Because of their trusted reputation, substantial household discount and easy-to-access benefits, Lumico should definitely be on your radar.  

However, no plan is one-size-fits-all, and we are more than happy to test out which options would be the best for your unique situation.  


Call us for a Medigap quote to see how much a Lumico plan would cost you in your county!

Luke Hockaday
Luke Hockaday
Luke Hockaday is a Customer Success Rep here at Senior Allies. Luke has been helping Medicare-eligible clients with their insurance and retirement-planning needs since 2011. Luke is passionate about 3 things, and 3 things only: senior insurance, football, and food!

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