Part-Time
Medicare Advantage health insurer for seniors
$77.2k - $106.2k/yr
Boca Raton, FL, USA
In Person
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Humana focuses on health and well-being by offering Medicare Advantage plans (HMO, PPO, and PFFS) mainly for seniors, military personnel, and communities. Its products are health insurance plans funded through a mix of government contracts and member premiums, enrolling members to provide comprehensive coverage with flexible benefits and a broad provider network. Members receive care through a network of providers, with additional services such as free language interpretation to improve accessibility. Humana differentiates itself through its emphasis on inclusivity, accessibility, and tailored benefits, aiming to deliver reliable service and high renewal rates. The goal is to improve health outcomes and overall well-being for members by delivering coverage that meets diverse needs and making care accessible to all.
Company Size
10,001+
Company Stage
IPO
Headquarters
Louisville, Kentucky
Founded
1961
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
Paid Vacation
Paid Parental Leave
Short-term Disability
Long-term Disability
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Humana announced plans to exit additional Medicare Advantage plans in 2027, affecting approximately 600,000 members. The US insurer is targeting lower-return plans as part of its strategy to achieve a sustainable 3% pre-tax margin by 2028. Chief financial officer Celeste Mellet said the company expects to retain just over 40% of affected members through other offerings, similar to its 2025 experience. Humana is prioritising higher-performing plans with stronger value-based care penetration. The announcement followed Humana's second-quarter earnings report, which showed adjusted earnings of $7.61 per share on revenue of $40.89 billion. Individual Medicare Advantage membership increased 23% year-over-year to 6.45 million.
GE HealthCare Technologies topped the S&P 500 on Wednesday morning whilst Humana lagged after both reported better-than-expected second-quarter earnings. GEHC shares jumped 11.7% to $71.60, breaking above their recent trading range. Earnings rose 6.6% to $1.13 per share, beating forecasts by 9 cents. Revenue climbed 5.9% to $5.295 billion, slightly exceeding estimates. The company maintained its full-year earnings guidance of $4.80 to $5 per share. Humana shares fell 6.6% to $363.18 despite posting earnings of $7.61 per share, up 21% year-on-year and 35 cents above expectations. Revenue increased 26% to $40.867 billion. However, the company maintained its prior full-year outlook and expects adjusted earnings per share of minus $1.00 in the third quarter. The contrasting market reactions reflected ongoing sector dynamics, with managed-care stocks generally outperforming medical equipment stocks this year.
Humana cut its 2026 earnings outlook on Wednesday after lower Medicare Advantage Star Ratings reduced quality bonuses from the federal government. The health insurer revised its full-year GAAP earnings target to a minimum of $6.52 per share, down from at least $8.36 per share previously. The company's second-quarter profit reached $694 million, or $5.73 per share, versus $545 million a year earlier. Total revenue rose 26% to $40.87 billion. A significant decline in plans rated four stars or higher has weighed on 2026 bonus payments. Medicare Advantage Star Ratings, which run from one to five, are tied to bonus payments from the Centers for Medicare and Medicaid Services. Humana stock fell about 9% in premarket trading Wednesday.
Humana has appointed Paul Smith and Frederick Crawford to its board of directors, effective immediately. The additions bring the board to 13 members. Smith serves as Chief Commercial Officer at Anthropic, where he leads commercial strategy and global operations. He brings over 30 years of experience in technology, having previously held senior roles at ServiceNow, Salesforce, and Microsoft. Crawford has more than 30 years of experience in insurance and banking. He most recently served as President and Chief Operating Officer at Aflac until his retirement in 2024. He previously held CFO positions at CNO Financial Group and Lincoln Financial Group, and currently sits on Webster Financial Corporation's board. Chairman Kurt Hilzinger said the executives' expertise in technology adoption and financial management will support Humana's vision to become a consumer healthcare company.
Humana reported second-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $7.61 beating the consensus estimate of $7.23. Revenue reached $40.89 billion, surpassing the $40.56 billion forecast. Despite the strong results, shares fell 8.7% in premarket trading. The company revised its GAAP EPS guidance to at least $6.52 from a previous estimate of at least $8.36, whilst affirming its full-year 2026 adjusted EPS guidance of at least $9.00. Humana maintained its individual Medicare Advantage membership growth target of approximately 25% over 2025. The insurer also announced it won a statewide Illinois Medicaid managed care contract, expected to begin in January 2027, as the only new entrant amongst six awardees.