From 24/7 Wall St. · Gerelyn Terzo · · 1m
Humana Drops 600k Plans, Hopes 240k Return
Humana ends Medicare plans for 600k members, targeting 240k to rejoin via new terms.
In brief
Humana ends Medicare plans for 600k members, targeting 240k to rejoin via new terms. Humana is ending Medicare Advantage plans for 600,000 members but expects 240,000 to rejoin through new terms, not automatic transfers. Originally reported by 24/7 Wall St..
Humana exits plans
Humana ends Medicare Advantage plans for 600,000 members.
Targeting 240,000 rejoin
Humana expects 240,000 members to rejoin other Humana plans.
Replacement plan differs
Replacement plan is a different product, not automatic transfer.
Nonrenewal notice
Nonrenewal notice confirms plan ends, not a transfer.
Four key changes
Network, formulary, referrals, and out-of-pocket costs differ.
No automatic enrollment
No automatic transfer to replacement plan without action.
Original Medicare risk
Original Medicare covers health but not prescriptions without action.
Guaranteed-issue window
60 days before coverage ends to buy Medigap without medical review.
What to do next
Check replacement plan terms before enrolling.
The bottom line
Humana is ending Medicare Advantage plans for 600,000 members but expects 240,000 to rejoin through new terms, not automatic transfers.
