Two additional alliances expand company's potential to reach Medicare eligible
individuals
LOUISVILLE, Ky., Oct. 20 /PRNewswire/ -- Humana Inc. (NYSE: HUM) announced
today that it has established two additional strategic alliances that,
together with previously announced ventures, will give the company and its
Medicare products greater geographic presence and direct access to 20 million
people with Medicare throughout the country.
USAA, a Fortune 200 financial services company with headquarters in San
Antonio, will offer Humana's prescription drug plans exclusively to its nearly
750,000 Medicare-eligible members. USAA has served the needs of the military
members and their families since 1922.
American Republic Insurance Company was established in 1929 and is based
in Des Moines, Iowa. It is a well-positioned leader in the individual health
insurance industry and experienced in the Senior market. American Republic
will exclusively offer Humana's Medicare Advantage private fee-for-service
plans and, in select areas, Humana's regional PPO plans, to its approximately
140,000 Medicare-eligible policyholders.
Terms of the transactions were not disclosed.
Enrollment in the new Part D drug benefit - created as part of the 2003
Medicare Modernization Act - will begin in November, with plans becoming
effective Jan. 1, 2006. Humana has received approval from The Centers for
Medicare & Medicaid Services (CMS) to offer the Medicare Part D prescription
drug plan (PDP) to the millions of Medicare-eligible beneficiaries residing in
46 states and the District of Columbia, representing all of the states for
which Humana applied.
In addition to the new stand-alone PDPs, Humana will offer Medicare
prescription drug coverage through its Medicare Advantage HMO, PPO and private
fee-for-service (PFFS) health plans to people with Medicare. Humana's expanded
Medicare portfolio will include up to five products in many states.
Humana will work closely with USAA members and American Republic customers
to educate them about the Medicare prescription drug plan, PFFS and regional
PPO plans. Each company's representatives will begin selling their respective
Humana Medicare plan offering on Nov. 15.
About Humana
Humana Inc., headquartered in Louisville, Kentucky, 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 news releases;
-- Replays 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.
 back to top
Related links:
http://www.humana.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20030425/HUMANALOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
Company News On-Call:
http://www.prnewswire.com/comp/423125.html
CONTACT:
Mary Sellers of Humana Corporate
Communications, +1-502-580-3689, or msellers1@humana.com
|
