Humana Medicare Supplement

Those who are age 65 – or soon will be – are likely well aware that there are a number of different companies that offer Medicare Supplement insurance. One of the top insurers in this sector is Humana Insurance Company. This insurer is considered to be among the largest publicly traded health insurance companies in the United States.

Get Free Medigap Quotes!
Enter Zip Code Here:

Humana serves a wide range of customers, from seniors, to self-employed individuals, to members of the military – and its employees and management team are committed to the company’s top-notch customer service.

Overview of Humana

Humana is a managed health care company that both markets and administers health insurance products and services. The insurer currently has more than 11 million customer-policy holders in the U.S.

With its headquarters in Louisville, Kentucky, Humana is considered to be the largest of the Fortune 100 companies in terms of revenues, which are in excess of $36 billion. The firm has more than 40,000 employees, with health insurance coverage offered in all 50 of the United States, as well as in Puerto Rico. Humana also has certain business interests in Asia and Western Europe.

Humana was established in 1961, and was originally a nursing home company. Later, in the early 1970s, the company purchased hospitals – and eventually became the largest hospital company worldwide by the 1980s.

Today, Humana offers group health insurance, Medicare Supplement insurance plans, and a wide range of related products and services that help in serving all types of individuals, families, and groups.

Which Medicare Supplement Plans Does Humana Offer?

Humana Medicare Supplemental Insurance

In addition to its wide range of health insurance policies, Humana also offers Medicare Supplement insurance – also referred to as Medigap. These plans help in covering some of the out-of-pocket expenses that are not covered by Medicare Part A and Part B. These costs can include coinsurance and deductibles.It is important to note that these plans may vary in actual benefit offerings from state to state. In addition, Humana may also offer a High Deductible Medicare Supplement Plan F in certain areas. To learn more about the different Medigap plans offered, click here.

Humana – or an agent who is licensed to sell Humana Medicare Supplement insurance plans – should be contacted in order to determine exactly what plans are offered in a particular area. Regardless of which plan is chosen, however, with a Humana Medicare Supplement insurance plan – as with all Medicare Supplemental insurance policies – policy holders are able to keep their same doctors.

In Which States are Humana’s Medicare Supplement Plans Sold?

Humana Insurance Company is licensed to do business, and to provide Medicare Supplement insurance policies, in the following states and locations: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, the District of Columbia, Delaware, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, and Wyoming.

In the state of New York, Humana’s Medicare Supplement insurance is offered via Humana Insurance Company of New York. Likewise, Medicare Supplement plans are offered via the Humana Health Benefit Plan of Louisiana, Inc. in the state of Louisiana, and plans in Kentucky are provided through Humana Insurance Company of Kentucky. Similarly, Humana Health Insurance Company of Florida, Inc. provides the company’s Medicare Supplemental insurance in the state of Florida.

Outside of the continental United States, Medicare Supplement insurance may also be purchased in Puerto Rico through Humana Insurance of Puerto Rico, Inc. Individuals may apply for coverage through a licensed agent in their particular state or location.

 Other Types of Insurance Coverage Offered by Humana

Humana Medicare Supplemental Insurance

In addition to Medicare Supplemental insurance plans, Humana offers a number of other policy types and coverages. These include:

  • Medical Insurance Plans – Humana’s medical insurance plans offer a wide array of choices such as the company’s 100% After Deductible plan, several different copay plans, health savings plans, and short term – or temporary – health insurance coverage.
  • Dental Insurance Plans – The dental coverage plans that are offered through Humana could be a great choice for those who are either self-employed, or who are not already covered through an employer-sponsored dental insurance policy. The company’s dental insurance coverage consists of the Loyalty Plus plan, the Dental Preventive Plus plan, and two Dental Value plans that offer low copayment options, along with many preventive services.
  • Vision Insurance Plans – Humana helps its policy holders to save money on vision services through its individual vision plan option. Savings can be achieved on glasses, eye exams, contact lenses, and other related products and services.
  • Life Insurance and Supplemental Insurance Plans – Depending on an individual’s location, Humana also offers a number of life insurance and supplemental insurance options. These can include the Cash Cancer plan, the Critical Illness Cash plan, the Junior Estate Builder, the Accident Benefit, and the Memorial Fund – a whole life insurance policy that provides guaranteed cash value, as well as flexible premium payment options.

Humana also offers a Prescription Home Delivery Pharmacy named RightSourceRx. Members of this service are able to obtain a discount on their 90-day prescription medications – depending upon what their plan will allow.

 Company Ratings and Awards

Humana has received high ratings from the insurance company ratings agencies. These high marks can help to assure consumers that the company has financial strength, as well as a stable claims paying ability. This can offer peace of mind to policy holders in that the company will be there when they are needed.

Humana’s grades include:

  • BBB+ from Standard & Poor’s
  • Baa3 from Moody’s Investors Service
  • BBB from Fitch Ratings
  • bbb- from A.M. Best Company

Such ratings help to affirm that the company has had a sturdy growth of policy holders. This has recently been due in large part to the company’s various acquisitions, as well as the incremental Medicare membership and membership in the company’s prescription drug plans. In addition, Humana has reported both positive earnings and strong underwriting gains.

Humana also boasts a number of awards. These have come from the company’s ability to help consumers in making better health care and benefit related decisions. Such awards have included:

  • 100 Best Places to Work in IT from Computerworld
  • IABC (International Association of Business Communicators) Gold Quill and SABRE Awards for demonstrating world-class standards in strategic communication.
  • First place by Merkle and CMO for the company’s Marketing Innovation that encourages customers to increase their health knowledge in order to achieve greater personal well being.
  • Two People’s Choice awards via the American Business Awards competition (also referred to as “The Stevies”) for the company’s MyHumana Mobile Application.
  • PRSA Bronze Anvil award for the company’s “Build a Family Legacy Tour” campaign that showcased the importance of multi-generational health.
  • A place on the Newsweek Green Rankings for the company’s positive effect on environmental footprints, as well as its management.

In addition to its many accolades, Humana was also instrumental in the pioneering of the artificial heart research that was conducted by Dr. Robert Jarvik in the 1980s. Through such innovations, Humana has helped consumers to make more informed and better overall health care related decisions.

 Advantages of Purchasing a Medicare Supplement Insurance Plan Through Humana

Get Free Medigap Quotes!
Enter Zip Code Here:

There are a number of advantages to purchasing a Medicare Supplement insurance policy through Humana. First, the company has a key focus on health care coverage, and it has made vast inroads for the well-being of its member-policy holders. In addition to simply offering health insurance coverage, Humana takes an active role in helping its customers live healthier lives overall.

Humana is highly regarded throughout the insurance and financial industry, and this is shown in the numerous awards and accolades the company has earned throughout the years. Company leaders and employees are held to high standards that help to ensure that policy holders receive the best coverage for the best premium price that will meet their unique and diversified Medicare Supplemental insurance needs.

By Susan Wright

Susan Wright

About the author
Susan Wright has been working in the insurance and financial services industries for over 20 years. She earned her MBA degree from St. Louis University, and her BA degree from Michigan State University. Susan has been licensed as an insurance agent and FINRA securities broker. In addition, she has earned nine professional designations, including:
– CLU (Chartered Life Underwriter)
– ChFC (Chartered Financial Consultant)
– RHU (Registered Health Underwriter)
– REBC (Registered Employee Benefits Consultant)
– CSA (Certified Senior Advisor)
– CLTC (Certified in Long-Term Care)
– CCFC (Certified Cash Flow Consultant)
– CSS (Certified Seniors Specialist in Real Estate)
– ADPA (Accredited Domestic Partnership Advisor)
Learn more about Susan on Google+