ABSTRACT: Among polychaetes, polynoids have the highest number of symbiotic species found living with a wide variety of marine invertebrates, including other polychaetes. Lepidasthenia Malmgren, 1867 and Lepidametria Webster, 1879 were regarded as synonyms but belong to different subfamilies, although both have species associated with thelepodid or terebellid polychaetes. In this contribution Lepidasthenia loboi sp. n. is described from several specimens associated with the thelepodid Thelepus antarcticus Kinberg, 1867, collected on a rocky shore near Puerto Madryn, Argentina. Lepidasthenia loboi sp. n. can be confused with Lepidasthenia esbelta Amaral & Nonato, 1982 because both live with Thelepus, are of similar sizes with similar pigmentation patterns, and have giant neurochaetae. However, in Lepidasthenia loboi sp. n. all eyes are of the same size, cephalic and parapodial cirri are tapered and mucronate, the second pair of elytra is larger than the third, the ventral cirri arise at the base of parapodia such that they do not reach chaetal lobe tips, and neuraciculae are tapered. On the contrary, in Lepidasthenia esbelta the posterior eyes are larger than anterior ones, cephalic and parapodial appendages are swollen subdistally, the second and third pairs of elytra are of the same size, the ventral cirri arise medially such that their tips reach the neurochaetal lobe tips, and the neuraciculae have falcate tips. Some comments about other genera in the Lepidastheniinae, a simplified key to its genera, and a key to Lepidasthenia species with giant neurochaetae are also included.