Humana

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Humana

Having nearly nine million members spread over mainly in 15 states and Puerto Rico, Humana is one of the largest publicly traded health benefit companies in the United States. The company’s headquarters is located in Louisville, Kentucky. It provides coordinated health insurance coverage and related services to employer groups, government-sponsored plans and individuals. People having Humana coverage get access to hundreds of thousands of doctors across the country. For instance, Humana's ChoiceCare Network includes more than 320,000 physicians and ancillary care providers in 50 states and the District of Columbia, serving 1.3 million PPO members. The company has been given ratings A-/B+ and BBB/A- by A.M. Best and S&P respectively.
In business for about 50 years, Humana believes in embracing change and seizing opportunities that help to transform its business. Its objective is to become the most trusted name in the field of health solutions.

Humana offers to members coordinated health insurance coverage and related services, such as consumer-driven health plans, administrative services products, health maintenance organizations (HMO), preferred provider organizations (PPO), government-sponsored plans, products for individuals. It also offers specialty products like dental coverage, life and disability insurance, health resources, resources for chronic or long term needs etc. that complement its core health products.

HumanaOne, the company’s individual insurance plans, offers consumers lasting value because of Humana's experience, nationwide presence and ability to secure cost-saving discounts. HumanaOne insurance plans provide members the type of flexible, reliable coverage that consumers are seeking, with many of the features one usually finds only in group plans.

Humana also offers some excellent health plans for employers. These plans moderate their health care costs and transform passive users into enthusiastic health care consumers. Since the introduction of its SmartSuite plans, participating employers have experienced sustained annualized claims trend in the 5-6 percent range, compared to a national health cost inflation rate of 12-14 percent per year during the same period.
SmartStartSM is an important component of SmartSuite that can model various contribution strategies. It helps employers determine which contribution and plan combinations will achieve their desired goals. Its effectiveness was indicated when a recent actuarial study of 156 employer groups with SmartSuite showed an annualized claims trend of just five percent.

SmartExpress is a modified version of SmartSuite that offers companies with 2 to 299 employees a choice of health plan options to help them maintain health coverage for their employees and give them some of the benefits available through SmartSuite.

In addition to consumer-driven plans like SmartSuite and SmartExpress, Humana also offers the latest cost-containment option: Health Savings Accounts (HSA). With these newly introduced HSAs, consumers have found an excellent way to save for health care tax-free and plan for future medical needs. Humana's HSAs, available to people having group or individual coverage, also include the HumanaAccessSM Visa® card, which makes it easier to spend funds from an HSA as well as from a Flexible Spending Account (FSA) or a Personal Care Account (PCA). HSAs are available in Humana's Smart products to employers with as few as a couple of employees to large national accounts.

HumanaChoicePPO, Humana Gold Choice® (Private Fee-For-Service Plans), Humana Gold Plus (HMO Plans), and Humana's Prescription Drug Plans are options offered by the company either to enhance or replace Medicare.

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