Humana’s Preferred Medicare Part D Network to Include More Than 11,000 Retail Pharmacy Locations in 2022

Rhea-AI Summary

Humana Inc. (NYSE: HUM) announced the addition of Albertsons Companies pharmacies to its preferred Medicare Part D pharmacy network, effective January 1, 2022. This expansion enhances affordability and access for Humana's Prescription Drug Plan (PDP) members, who will benefit from over 11,000 preferred pharmacy locations nationwide, including familiar chains like Costco, Walmart, and Kroger. TJ Gibb, VP of Medicare Prescription Drug Plans, emphasized the commitment to improving member experience and health outcomes through this strategic expansion.

Positive

• Addition of Albertsons pharmacies expands preferred cost-sharing network.
• More than 11,000 preferred pharmacy locations for members.
• Enhances affordability for Prescription Drug Plan members.

Negative

• None.

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Humana Inc. (NYSE: HUM), a leading health and well-being company, has announced that many of its Prescription Drug Plan (PDP) members will soon have even more low-cost and convenient options with the addition of one of the nation’s largest retail pharmacy companies to its preferred Medicare Part D pharmacy network.

Starting in 2022, Albertsons Companies pharmacies, which includes Albertsons, Safeway, Vons, Jewel-Osco, Acme, Shaw’s Tom Thumb, Randall’s, United Supermarkets, Market Street, Haggen and Carrs, will be a part of Humana’s preferred cost-sharing pharmacies.

With the addition of the Albertsons Companies, many of Humana’s PDP members will soon have a total of more than 11,000 preferred cost-sharing pharmacy locations where they can fill many prescription medications at a lower out of pocket cost, including at the following pharmacies that are already a part of Humana’s preferred cost-sharing retail pharmacy network: Costco, HEB, Kroger Health and its family of pharmacies, Publix Super Markets, Sam's Club, Walmart and Walmart Neighborhood Markets.

“At Humana, we are continuously focused on improving consumer experience while helping our members achieve their best health,” said TJ Gibb, Vice President and Leader of Medicare Prescription Drug Plans at Humana. “This significant expansion of our preferred cost-sharing retail pharmacy network not only helps many of our members save money on their prescription medications but also provides them with more convenient preferred pharmacy network locations throughout the country to choose from.”

The new agreement will take effect on January 1, 2022.

About Humana

Humana Inc. is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:

• Annual reports to stockholders
• Securities and Exchange Commission filings
• Most recent investor conference presentations
• Quarterly earnings news releases and conference calls
• Calendar of events
• Corporate Governance information

Additional Information

Humana is a stand-alone PDP prescription drug plan with a Medicare contract. Enrollment in this Humana plan depends on contract renewal.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20211117005981/en/

Lisa Dimond

Humana Corporate Communications

832-330-4702

ldimond@humana.com

Source: Humana Inc.