Methods, systems, and computer readable media for using link aggregation group (LAG) status information are disclosed. According to one method, the method includes receiving LAG status information about a first LAG, wherein the LAG status information indicates that at least one link of the first LAG is operational. The method also includes determining, using the LAG status information about the first LAG, whether to perform a failover operation such that a second LAG is used instead of the first LAG. The method further includes in response to determining to perform the failover operation, performing the failover operation such that the second LAG is used instead of the first LAG and in response to determining not to perform the failover operation, continuing to use the first LAG without performing the failover operation.