LOUISVILLE, Ky.--(BUSINESS WIRE)--Oct 17, 2023--
Humana Inc. (NYSE HUM) and USAA Life Insurance Company (USAA Life) announced the expansion of their co-branded Medicare Advantage plans designed with veterans in mind to provide coverage options that complement health care benefits received through Veterans Affairs (VA).
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For the first time, all of Humana’s veteran-focused Medicare Advantage plans are now co-branded as Humana USAA Honor plans and will be available to more beneficiaries in more locations for the 2024 plan year. Humana USAA Honor plans are available to anyone eligible for Medicare, including veterans’ spouses, but they are designed in a way that may work alongside the benefits a veteran receives through VA health care. (Graphic: Business Wire)
For the first time, all of Humana’s veteran-focused Medicare Advantage plans are now co-branded as Humana USAA Honor plans and will be available to more beneficiaries in more locations for the 2024 plan year. The Humana USAA Honor plan will be an option for about 58 million Medicare beneficiaries in 2,655 counties nationwide, and the Humana USAA Honor with Rx plan will be available for nearly 18 million Medicare beneficiaries in 681 counties.
These plans are available to Medicare-eligible individuals during the Medicare Advantage and Prescription Drug Plan Annual Election Period Oct. 15 through Dec. 7, with coverage beginning Jan. 1.
Humana USAA Honor plans are available to anyone eligible for Medicare, including veterans’ spouses, but they are designed in a way that may work alongside the benefits a veteran receives through VA health care. Humana first introduced its Honor Medicare Advantage plans in 2020, and in 2022, Humana and USAA collaborated to design and launch the first Honor plan that included prescription drug coverage.
“The addition of the USAA name to all Humana Honor plans reinforces our strong partnership and the commitment of both of our organizations to continue supporting and caring for veterans, their families and veteran causes,” said George Renaudin, Humana’s President of Medicare and Medicaid. “We are proud to offer Medicare Advantage plans that create the flexibility and opportunity to choose civilian doctors and specialists, allowing our members to maximize their health care benefits.”
Humana USAA Honor plans combine the health care experience of Humana with the veteran expertise of USAA to support the health care needs of veterans, their families, and all those with Medicare.
In 2024, every single Humana USAA Honor plan offers:
- $0 monthly plan premium
- Part B Medicare premium reduction, which means less money is taken out of the beneficiary’s Social Security check
- Dental, vision and hearing coverage
- Large network of providers
- Worldwide coverage for emergency care
Veterans and Medicare households have access to Humana Customer Care specialists who collaborated with USAA to receive special training to better serve the unique healthcare needs of veterans – many specialists are veterans themselves and can make it easier for them to manage their health.
“At USAA, we are proud to serve those who have served our nation,” said Mary Forey, Assistant Vice President for Health Insurance at USAA. “By teaming up with Humana to offer Medicare plans designed with veterans in mind, we aim to provide veterans and the military community with the support and guidance they need to achieve financial security and peace of mind.”
Individuals can visit Humana.com/Medicare/Veterans or call toll-free 1-833-585-8387 (VETS) (TTY: 711) 8 a.m.-8 p.m., seven days a week, to speak to a licensed sales agent who is trained to support the unique needs of veterans.
Humana has served Medicare beneficiaries for decades, with nearly 8.7 million Medicare members in all 50 states, Washington, D.C., and Puerto Rico, as of June 30, 2023. Nearly 5.8 million of those members are enrolled in a Medicare Advantage plan.
About Humana
Humana Inc. is committed to putting health first – for our teammates, our customers, and our company. Through our Humana insurance services, and our CenterWell health care services, we strive to make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. The goal of these efforts is a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large. Learn more about what we offer atHumana.comand atCenterWell.com.
About USAA
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking, and investment and retirement solutions to more than 13 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, USAA has offices in eight U.S. cities and three overseas locations and employs more than 37,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook or X ( @USAA ), or visit usaa.com.
Additional Information
Humana is a Medicare Advantage HMO and PPO organization with a Medicare contract. Enrollment in any Humana plan depends on contract renewal. Other providers are available in the Humana network. The Part B Giveback Benefit pays part or all of your Part B premium and the amount may change based on the amount you pay for Part B. The Humana USAA Honor plans are available to anyone eligible for Medicare and veterans should consider all of their health plan options. Humana Insurance Company pays royalty fees to USAA for the use of its intellectual property. USAA means United Services Automobile Association and its affiliates. Use of the term “USAA member” or “USAA membership” refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change. USAA and the USAA Logo are registered trademarks of the United Services Automobile Association. All rights reserved. No Department of Defense or government agency endorsement.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20231017324521/en/
CONTACT: FOR MORE INFORMATION, CONTACT:Kelli LeGaspi
Humana Corporate Communications
Klegaspi1@humana.com
KEYWORD: KENTUCKY UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: DEFENSE PHARMACEUTICAL MILITARY OPTICAL HEALTH HEALTH INSURANCE VETERANS DENTAL
SOURCE: Humana Inc.
Copyright Business Wire 2023.
PUB: 10/17/2023 09:15 AM/DISC: 10/17/2023 09:17 AM
http://www.businesswire.com/news/home/20231017324521/en
