Lumico Medicare Supplement Plans 2027: Run-Off Status, Coverage and Next Steps

2027 by the Numbers

Fact check: AM Best affirmed the A (Excellent) financial strength rating for both Lumico Life and Elips Life on May 23, 2024, but lowered the long-term issuer credit rating from a+ to a and placed both under review with negative implications. The reason given was that the group would matter less to Swiss Re. Look up the current rating on the AM Best website before relying on it.

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July 1, 2024. No new agent appointments. Requests already in process were still handled.

October 1, 2024. No new business for Medicare Supplement or life insurance products.

After the cutoff. The notice said the company would keep serving existing policyholders with the utmost care. It did not announce any change to policy terms.

Emergency care abroad. One review lists 80% coverage of emergency care outside the U.S. as a Lumico perk. That benefit, with a $250 deductible and a $50,000 lifetime limit, is built into Plans C, D, F, G, M and N from every company.

Policies issued within a day. Fast approvals were a selling point of the digital application. With no new applications accepted, this no longer applies to anyone.

Looser 2021 health questions. The 2021 application accepted early-stage kidney disease and up to three blood pressure drugs. These rules mattered only at application time.

Guaranteed renewable. This is true and still protects you. Lumico cannot cancel your policy because of your health while you pay on time.

Read the fine print: Leaving a closed block is voluntary. Under federal rules, an insurer that stops selling new policies does not create a guaranteed-issue right to switch. Those rights come from events such as the insurer going bankrupt or misleading you, so a new company may ask health questions if you apply outside your open enrollment period.

Find your issuer. Your policy page shows whether Lumico Life or Elips Life issued your policy. You will need the policy number for the cancellation request later.

Check for a state switching window. A few states give yearly switching rights without health questions. Our Medicare Supplement birthday rule guide lists them.

Know when you qualify without health questions. Our page on guaranteed issue Medicare Supplement rights explains the federal triggers.

Price the same plan letter. Ask for quotes on the letter you already own, plus Plan N or High-Deductible G if you want a lower premium.

Apply, then cancel. Keep paying Lumico until the new policy is approved and in force. Our guide on whether you can change Medicare Supplement plans covers the timing.

➤ Which company is named on a Lumico Medicare Supplement policy?

Policies sold before mid-2021 were generally issued by Lumico Life Insurance Company of Missouri. Policies sold after the 2021 relaunch were underwritten by Elips Life Insurance Company of Illinois. Your policy page names the issuer.

➤ Why did Lumico quit selling Medicare Supplement plans?

Swiss Re decided it was no longer the best owner of its iptiQ unit, which included Lumico. The company put its life and Medicare Supplement products into run-off and stopped accepting new business on October 1, 2024.

➤ Does Lumico closing to new buyers let me switch without health questions?

Not by itself. A company stopping new sales is not one of the federal guaranteed-issue triggers, so outside open enrollment a new company may underwrite you unless your state gives extra switching rights.

➤ Is the Lumico foreign travel coverage an extra perk?

No. Emergency care abroad, paid at 80% after a $250 deductible up to a $50,000 lifetime limit, is a standard benefit in Plans C, D, F, G, M and N from every company.

➤ What is Lumico’s AM Best rating now?

AM Best affirmed an A (Excellent) financial strength rating in May 2024 but placed it under review with negative implications after Swiss Re’s exit announcement. Check AM Best directly for the most recent rating.

➤ Which states had Lumico Medicare Supplement plans?

The 2021 Elips Life rollout covered 20 states, including Texas, Ohio, Georgia and Illinois. Reviews list anywhere from 27 to 42 states, but no state accepts new Lumico applications today.

➤ What does a Lumico Plan G member pay out of pocket in 2027?

A Plan G member pays the Part B deductible, projected at $292 for 2027, and nothing else for Medicare-approved care. High-Deductible Plan G members pay up to $3,050 first.

➤ Why do some websites still show Lumico Medicare Supplement quotes?

Many review and quote pages were written before the October 2024 cutoff and never updated. A live quote in your ZIP code will show only companies that are actually open.

Medicare Supplement Quotes

Call a Licensed Agent Now

Compare 2027 Plan G, Plan N and more from several insurance companies in one call.

☎ 1-855-409-6195

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TTY users 711  |  Mon–Fri: 5am–7pm, Sat–Sun: 7am–4pm CT

No obligation to enroll