Humana will offer the Medicare Part D prescription drug plan to beneficiaries
residing in 46 states and the District of Columbia beginning January 1, 2006
LOUISVILLE, Ky., Sept. 23 /PRNewswire-FirstCall/ -- Humana Inc. (NYSE:
HUM) announced today that it has received approval from The Centers for
Medicare & Medicaid Services (CMS) to offer the Medicare Part D prescription
drug plan (PDP) to the more than 42 million Medicare eligible beneficiaries
residing in 46 states and the District of Columbia, representing all of the
states in which Humana applied. Humana had previously announced that it was
successful in bidding below each regional benchmark for all of its
Prescription Drug Plan bids submitted to CMS.
Starting Jan. 1, 2006, new Medicare prescription drug coverage will be
available to everyone with Medicare. The Medicare Part D Benefit is designed
to lower prescription drug costs and help protect against higher costs in the
future. Enrollment, which is voluntary, occurs from Nov. 15, 2005, through
May 15, 2006.
"This award represents an unprecedented opportunity for Humana to provide
people with Medicare a broad selection of prescription drug coverage that
meets their individual needs," said Stefen Brueckner, Humana's vice president
for senior products. "The Medicare Part D prescription drug plan will provide
access to affordable pharmaceutical care to Medicare beneficiaries. It is
especially significant to the more than 12 million Medicare beneficiaries
living in areas of the nation where access to affordable health care insurance
may not have been available until now," he added.
Humana will offer Medicare prescription drug coverage through its Medicare
Advantage HMO, PPO and private fee-for-service (PFFS) health plans, and as a
stand-alone prescription drug plan (PDP) to those enrolled in Original
Medicare. As a result of the CMS award, Humana will now offer up to five
Medicare products in many states. Humana currently offers Medicare Advantage
HMO and PPO plans in more than 40 markets nationwide, and Medicare Advantage
private fee-for-service plans (PFFS) in more than thirty states.
About Humana
Humana Inc., headquartered in Louisville, Ky., is one of the nation's
largest publicly traded health benefits companies, with approximately 7
million medical members. Humana offers a diversified portfolio of health
insurance products and related services -- through traditional and consumer-
choice plans -- to employer groups, government-sponsored plans, and
individuals.
Over its 44-year history, Humana has consistently seized opportunities to
meet changing customer needs. Today, the company is a leader in consumer
engagement, providing guidance that leads to lower costs and a better health
plan experience throughout its diversified customer portfolio.
More information regarding Humana is available to investors via the
Investor Relations page of the company's web site at http://www.humana.com,
including copies of:
- Annual report to stockholders;
- Securities and Exchange Commission filings;
- Most recent investor conference presentation;
- Quarterly earnings press releases;
- Audio archive of most recent earnings release conference call;
- Calendar of events (includes upcoming earnings conference call dates,
times, and access number, as well as planned interaction with
institutional investors);
- Corporate Governance Information.
SOURCE Humana Inc.
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CONTACT:
Barbara Kerr, Corporate Communications of
Humana Inc., +1-305-626-5736, or bkerr@humana.com
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