HUM 📈 Humana - Overview

Humana Inc. is a prominent player in the US health insurance market, offering a wide range of medical and specialty insurance products to individuals and groups. The company's operations are divided into two main segments: Insurance and CenterWell. Through these segments, Humana provides medical and supplemental benefit plans to individuals, including those eligible for Medicare and Medicaid. Its contract with the Centers for Medicare and Medicaid Services enables the company to administer the Limited Income Newly Eligible Transition prescription drug plan program, while contracts with various states allow it to provide Medicaid, dual eligible, and long-term support services benefits.

In addition to its government-sponsored plans, Humana offers commercial fully-insured medical and specialty health insurance benefits, including dental, vision, life insurance, and other supplemental health benefits. The company also provides administrative services only products to individuals and employer groups, allowing them to customize their health insurance plans. Furthermore, Humana has a significant presence in the military services sector, with contracts such as the TRICARE T2017 East Region contract. Its pharmacy benefit manager business and operations of pharmacies and senior-focused primary care centers also contribute to its diversified revenue streams.

Humana's product offerings are complemented by its home solutions services, which include home health, hospice, and other services. These services are available not only to the company's health plan members but also to third parties. In terms of distribution, Humana sells its products through a variety of channels, including employers and employees, independent brokers and agents, sales representatives, and digital insurance agencies. With a history dating back to 1961, Humana has established itself as a major player in the US health insurance market, with its headquarters located in Louisville, Kentucky.

From a financial perspective, Humana is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol HUM. Its common stock is classified under the GICS Sub Industry of Managed Health Care, with an ISIN of US4448591028. As a leading managed health care provider, Humana is committed to providing high-quality, affordable health insurance products and services to its members. With a strong online presence, including its website at https://www.humana.com, the company is well-positioned to continue serving the evolving needs of the US health insurance market.