Humana Inc. (HUM) Stock

Humana Inc., along with its subsidiaries, operates as a prominent health and well-being company within the United States. Divided into three primary segments Retail, Group and Specialty, and Healthcare Services the company provides a wide array of medical and supplemental benefit plans to individuals. These offerings include contracts with the Centers for Medicare and Medicaid Services (CMS) to manage prescription drug plans and various state contracts for Medicaid, dual eligible, and long-term support services.

In addition to its government partnerships, Humana offers commercial fully insured medical and specialty health insurance benefits, encompassing dental, vision, and other supplemental health services. The company also provides administrative services only products to both individuals and employer groups, extending its reach in the health insurance sector. Notably, Humana serves military personnel through its TRICARE T2017 East Region contract, ensuring comprehensive coverage for service members and their families.

Beyond insurance products, Humana operates pharmacy solutions, provider services, and home solutions services, including home health offerings, catering to both its health plan members and external third parties. As of December 31, 2021, the company boasted approximately 17 million members enrolled in medical benefit plans and an additional 5 million members utilizing specialty products. Founded in 1961 and headquartered in Louisville, Kentucky, Humana continues to expand its presence and enhance its offerings in the dynamic healthcare industry.