Welcome to our dedicated page for Humana news (Ticker: HUM), a resource for investors and traders seeking the latest updates and insights on Humana stock.
Humana Inc. reports news around its U.S. healthcare business, combining Humana insurance services with CenterWell healthcare services. Company updates commonly address Medicare Advantage and other health plan membership, Insurance segment benefit ratios, GAAP and adjusted earnings, full-year guidance, and capital returns through quarterly dividends.
News also covers CenterWell's senior-focused primary care, home health, pharmacy, hospice and retail pharmacy activities; prescription access and home delivery partnerships; healthcare research tied to medication adherence and chronic disease care; palliative care arrangements; health data interoperability; and board refreshment or other governance actions.
Findings from a new national poll indicate that the COVID-19 pandemic has significantly affected seniors' health and values. Conducted by Humana Inc (NYSE: HUM) and Kelton Global, the survey of 1,003 seniors reveals that 80% report life changes since March 2020. Key findings include 51% spending more time alone, 52% experiencing decreased physical activity, and 84% using technology for health management. As the Medicare Annual Election Period approaches, many seniors are prioritizing coverage that meets their healthcare needs and shows sensitivity to social equity issues.
Humana Inc. (NYSE: HUM) is launching Medicare Advantage plans on Maryland's Eastern Shore, featuring the $0 premium Humana Honor plan. Residents in eight counties can enroll during the Medicare Advantage Annual Election Period from October 15 to December 7, 2021, for coverage beginning January 1, 2022. The Humana Honor plan includes benefits like dental coverage, a $50 Part B premium reduction, and more. Additional COVID-19 support includes $0 copays for testing and 14 days of home-delivered meals. This expansion targets veterans by complementing VA health care coverage.
Humana Inc. (NYSE: HUM) has announced that Bruce D. Broussard, the President and CEO, will present to investors at the Credit Suisse Conference on November 10, 2021, at 8:50 a.m. Eastern time. Interested participants can access a live audio webcast of the presentation on Humana's Investor Relations page, with a recommendation to log in 15 minutes early for system checks. Humana focuses on integrated health care solutions, supporting members through a range of services that enhance health quality and lower costs.
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (ICR) of "a-" (Excellent) for Humana Inc.'s health and dental insurance subsidiaries. The ratings reflect the strong balance sheet strength and adequate operating performance of Humana Health Group. The company has demonstrated solid earnings, with consistent net income exceeding $1.5 billion annually over the past four years. However, increased financial leverage is expected due to a recent acquisition. The outlook for these ratings remains stable.
Humana Inc. (NYSE: HUM) is expanding its Medicare Advantage offerings in New Jersey, adding plans in Ocean, Passaic, and Cape May counties. This expansion increases its reach to approximately 95% of the state. During the Medicare Advantage and Prescription Drug Plan Annual Election Period from October 15 to December 7, 2021, beneficiaries can select from a variety of affordable plans. Key features include $0 copay for COVID-related services, low premiums, and added benefits like SilverSneakers and Go365 wellness programs.
Humana Healthy Horizons in Kentucky announced a $207,000 investment to enhance internet infrastructure in Lyon County, aiding approximately 180 residents. This initiative responds to the county's low broadband availability, ranked 40th in the nation. The investment will fund fiber optic connections, create access points, establish a telehealth hub, and provide educational resources. Humana's regional president emphasized the importance of improving access to telehealth services, aiming for better health outcomes and technological equity in the area.
Humana Inc. (NYSE: HUM) is expanding its health plan options for Medicare beneficiaries in Connecticut. New offerings include affordable Medicare Advantage plans and a Humana Honor plan designed to complement Veterans Affairs (VA) benefits. The Humana Honor plan, a $0 premium PPO, offers coverage for non-VA services and includes dental and vision care. Additionally, a new Dual Eligible Special Needs plan provides a $50 Healthy Foods Card and a $75 OTC allowance to combat food insecurity. Enrollment for these plans begins during the Annual Election Period from Oct. 15 to Dec. 7, 2021.
On Oct. 13, 2021, Cohere Health announced a nationwide expansion of its digital authorization platform for musculoskeletal services in partnership with Humana Inc. (HUM). Following a successful initial rollout in 12 states, the platform now processes 95% of MSK authorization requests, reducing approval times to a median of 0 minutes in 89% of cases. The expansion aims to enhance provider satisfaction and care delivery while improving efficiency. Cohere's platform integrates AI and clinical policies to streamline authorization, fostering a collaborative care approach across Humana's network.
Humana has announced a substantial expansion of its Medicare Advantage (MA) offerings in Tennessee for the 2022 plan year, introducing a new statewide Dual Eligible Special Needs Medicare Advantage (D-SNP) plan and a $0 premium PPO plan in 38 counties. The new D-SNP includes a $75 monthly Healthy Foods Card. Additionally, the Humana Honor plan is enhanced with increased benefits. COVID-19 coverage is also included in all MA plans, offering $0 copay for testing and home-delivered meals for members with a COVID diagnosis.
Humana Inc. subsidiary CarePlus Health Plans has earned a 5-star quality rating for its Medicare Advantage HMO plan in Florida for the fifth time, with this being the fourth consecutive year of achieving this rating from Centers for Medicare & Medicaid Services (CMS). The company has doubled its member base to approximately 200,000 members over six years, showcasing a strong commitment to healthcare quality and customer service. The recognition reflects CarePlus's focus on delivering excellent services during the pandemic, supported by a dedicated team of healthcare professionals.