Introduction
Humana Insurance has an interesting history which dates back to 1961 when the company was formed. By then, it was only but a nursing home. Nowadays, the company is one of the major players in the insurance industry in the US, and now spreading its coverage to other corners of the world including Western Europe. The company’s headquarters is in Louisville, Kentucky and it has a medical membership of over eleven million members.
History
As stated earlier, Humana Insurance initially began operating as a nursing home way back in the year 1961. It was not until 1990 that the company ventured into the health insurance business. This started with a number of individual healthcare plans meant to offer benefits to its members. In the year 1993, Humana Insurance made another milestone by introducing hospital operations to its line of business. This service is now being offered alongside the company’s healthcare insurance products, making its services quite unique in the industry. The year 2006 saw the Medicare Modernization Act come into effect. Humana Inc. was among the companies at the forefront in taking advantage of this development by introducing the RightSourceRx plan, which is mainly an educational program geared towards the provision of professional and reliable drug prescription services to consumers at discounted rates. Moreover, the plan also offers Medicare Advantage benefits to the members.
Features
There are many Insurance Humana products in the market, with the products being broadly categorized into either individual healthcare plans or group / through employer medicare plans. Under the healthcare insurance arrangement, members normally pay a portion of the co-payment while the company assumes the balance. As such, a member has the chance to afford the costs of a medical treatment of their choice. All the types of Humana products and services are found and explained further on the separate Humana websites. For instance, the HumanaOne is one of the famous products for individuals and more information about it is found humanaone.com. In total, there are 20 such websites, each detailing the particular product of Humana Company. These products /services and their websites are:
• Humana Medicare
• HumanaOne
• Humana Vitality
• HumanaOne Dental and Vision
• HumanaOne life Supplemental Insurance
• Humana Dental
• Humana Vision Care
• RightSourceRx
• Humana Pharmacy Solutions.
• Humana Military
• Humana Veterans
• Humana Ventures
• Humana Foundation
• Concentra
• Life Synch
• B-Cycle
• Humana Games for Health or simply HG4H
• Stay Smart Stay Healthy
• Availity, LLC and
• Family Health Budget
To qualify for any of the above products/services, one must meet the set benchmarks as well as be located within the market coverage of Humana Company.
Tips and comments
The many Insurance Humana plans there are ensure that there is at least a budget plan for every person or group. In the individual plans, the kind of deductable option has a significant bearing on the monthly premium that a member pays. The four deductibles are $5,000, $2,500, $1,000 and $500. Choosing a higher deductible comes with a lower monthly premium, and vice versa. The premium rates might also vary from one state to another.
