Regarding supported versions, it seems the project still aims to support 3 versions at a time. You can read more about it here: https://github.com/kubernetes/community/blob/master/contribu...
You often find some confusing statements about supported versions because sometimes they're talking about version skew between different components. More about that here: https://github.com/kubernetes/website/issues/7103
Specifically, a supported release is one which will receive patch updates (e.g. for security flaws or other issues).
If you do not use a "supported version", you'll have to scramble to update or backport patches yourself if you're hit by a serious issue that is fixed upstream.
Obviously the current delay is not great - I'd much prefer for us to be on 1.12 (which actually has fixed the main issue already). I'm hoping we can catch up once we're (finally) done with the etcd3 migration.
C'mon, Amazon.