Humana - HUM STOCK NEWS

Humana Inc. (NYSE: HUM) and Monogram Health have entered a new value-based care agreement for Humana Medicare Advantage members with chronic kidney disease in Tennessee, Alabama, Mississippi, and Louisiana. This collaboration emphasizes coordinated care and provides specialized resources, including in-home services and medication management, to enhance members' quality of life. Humana reports over 3.2 million members engaged in value-based care as of June 30, 2022, and a total Medicare Advantage membership of approximately 5.1 million.

Humana Inc. (NYSE: HUM) is enhancing its Medicare offerings by launching Medicare Advantage plans for the first time in Rhode Island and Wyoming, expanding access to over 140 U.S. counties.

This expansion will allow Medicare beneficiaries to enroll in Humana plans during the Annual Election Period from now until December 7, with plans effective from January 1. Humana aims to improve affordability and access with a significant increase in $0 premium plans, which will be available to 69% of prospective members.

Cohere Health announced an expansion of its partnership with Humana Inc. (NYSE: HUM) to enhance prior authorization processes for cardiovascular and surgical services. Effective January 1, 2023, the technology aims to streamline workflows by automating clinical intelligence within provider practices. A pilot program showed a 34% faster authorization request process for participating providers, with 99% adoption rates and high satisfaction scores. This collaboration focuses on improving care quality and reducing administrative burdens, ultimately benefiting Humana's Medicare Advantage members.

Humana Inc. (NYSE: HUM) announces enhancements to its 2023 Medicare Advantage plans in Florida, notably doubling dental provider access to 8,100 dentists. Eligible members will receive expanded dental benefits with allowances up to $6,000 for major services. Additionally, new financial support aids Floridians eligible for both Medicare and Medicaid, offering monthly allowances between $150 and $275 for essential needs. Enrollment is open from Oct. 15 to Dec. 7, with coverage effective Jan. 1.

CarePlus Health Plans, part of Humana, announced the expansion of its Medicare Advantage offerings in Florida for 2023. The company will introduce plans in three new counties: Flagler, Hernando, and St. Johns, benefiting Medicare beneficiaries during the Annual Enrollment Period from Oct. 15 to Dec. 7, 2022. CarePlus is enhancing existing plans with lower copays and higher givebacks, including up to $1,978.80 annually for Medicare Part B premiums. The company currently has approximately 210,000 members in Florida and is committed to providing affordable healthcare solutions.

Humana Inc. (NYSE: HUM) and USAA Life Insurance Company announced the launch of the Humana USAA Honor with Rx plan, a new Medicare Advantage plan tailored for veterans. This plan, available in eight states including Pennsylvania and Texas, offers a $0 monthly premium, Part B premium givebacks, and no copays for Tier 1 prescriptions. It aims to complement benefits from Veterans Affairs and ensures veterans can access additional healthcare services. The plan provides access to a wide network of providers and includes specialized support from trained customer care specialists.

Humana Inc. (NYSE: HUM) announced a $13 million investment to enhance health equity, with a $7.5 million Health Equity Innovation Fund and $5.5 million in grants aimed at improving mental health services and nutrition for underserved populations. The initiative, revealed on World Mental Health Day, highlights the Foundation's commitment to eliminating barriers to healthcare. Grants will be distributed nationally and focus on regions including Kentucky, Florida, Louisiana, and Texas, supporting organizations that tackle isolation, trauma, and addiction.

Humana Inc. (NYSE: HUM) has announced that its Kentucky HMO plan has received a 5-star quality rating from the Centers for Medicare and Medicaid Services (CMS) for the 2023 plan year, marking the second consecutive year of this achievement. This rating reflects Humana's commitment to high-quality care and patient-centered outcomes. Humana aims to provide financial savings to Medicare Advantage members, who reported nearly $2,000 less in out-of-pocket costs compared to traditional Medicare. The Medicare Advantage Annual Election Period begins on Oct. 15.