Sector: Health Care Plans
Latest Quote @ Tue May 5 06:20:25 (15 min delayed)
Last Day's Data
Humana, Inc., a health benefits company, offers health insurance coverage and related services through various Internet-based plans for employer groups, government-sponsored programs, and individuals in the United States. The company operates in two segments, Commercial and Government. The Commercial segment comprises members enrolled in products and includes three lines of business: fully insured medical, administrative services only (ASO), and specialty products. Fully insured medical products include consumer-directed products, including health maintenance organization (HMO) products, which provide prepaid health insurance coverage to its members through a network of independent primary care physicians, specialty physicians, and other health care providers; and preferred provider organization products that provide a member to choose a physician or other health care provider. ASO products are marketed to employers, who self-insure their employee health plans. Specialty products include dental, group and individual life, and short-term disability products. The Government segment consists of members enrolled in government-sponsored programs and includes three types of products: Medicare Advantage, which provides persons age 65 and over, and some disabled persons under the age of 65 certain hospital and medical insurance benefits; Medicaid, a federal program to enable the delivery of health care services to low-income residents; and TRICARE, which provides health insurance coverage to the dependents of active duty military personnel, and to retired military personnel and their dependents. The company offers its products and services primarily through independent brokers, agents, and sales representatives. As of December 31, 2004, it had approximately 7.0 million members in its medical insurance programs, as well as approximately 1.7 million members in its specialty products programs. Humana, Inc. was organized in 1964 and is headquartered in Louisville, Kentucky.