Humana Medicare Supplement Insurance 2022 Review
Humana provides a whole lot of choices for Medigap plan varieties, membership perks and further insurance coverage protection past the Medicare advantages. Nonetheless, its costs will be costly, and criticism charges about Humana insurance policies are considerably greater than the market common.
Right here’s what you need to find out about Humana Medicare Complement Insurance coverage.
Humana Medicare Complement Insurance coverage professionals and cons
Humana’s Medigap choices have benefits and downsides.
|
|
Obtainable Medicare Complement Insurance policy
-
Medigap Plan A — the essential advantages included in each Medigap plan with none extras.
-
Medigap Plan B — fundamental advantages plus protection for the Medicare Half A deductible.
-
Medigap Plan G — the highest-coverage choice obtainable to new Medicare members. Obtainable as both an ordinary plan or a high-deductible choice in some areas.
-
Medigap Plan Ok — the lowest-cost Medigap plan, with 50% protection for many advantages.
-
Medigap Plan L — a low-cost choice with 75% protection for many advantages.
Humana additionally provides Medigap Plan C, Medigap Plan F and the high-deductible model of Plan F in sure areas for qualifying beneficiaries who have been eligible to enroll in Medicare previous to 2020. Newer Medicare members can’t purchase these plans from any insurer.
As well as, Humana provides plans in Massachusetts, Minnesota and Wisconsin in accordance with every state’s Medigap plan requirements, which differ from the standardization system used within the majority of the nation.
Humana’s plan choices differ by state. Enter your ZIP code on Humana’s web site to see a breakdown of the choices obtainable the place you reside.
“Wholesome Dwelling” imaginative and prescient and dental advantages
Along with the standardized Medicare protection, Humana’s “Wholesome Dwelling” plans additionally embody some price sharing for dental cleanings, extractions, fillings, oral exams and oral most cancers screenings, in addition to routine eye exams and an allowance for eyeglasses or contact lenses. These plans price greater than the identical plan kind with out the extras.
Medigap plans have standardized Medicare advantages, however insurers can supply extra perks. Listed below are examples of extras included with some Humana Medicare Complement Insurance coverage insurance policies:
-
Health program: The SilverSneakers program offers qualifying members entry to taking part gyms, together with group lessons and work with trainers.
-
Meal supply: Qualifying members can have precooked frozen meals delivered to their properties after they arrive again from an in a single day keep in a hospital or nursing facility.
-
Low cost program: Humana provides reductions on prescriptions, imaginative and prescient and listening to services, and the LifeLine medical alert service to qualifying members.
-
Nurse line: A 24/7 toll-free nurse line has registered nurses on employees to reply questions and assist members deal with well being points.
Humana Medicare Complement Insurance coverage service space
Humana provides Medicare Complement Insurance policy in 49 states, Washington, D.C., and Puerto Rico. (Humana doesn’t supply Medigap insurance policies in Virginia.)
Humana covers about 324,000 Medicare Complement Insurance coverage beneficiaries and has a few 2% share of the whole Medicare Complement Insurance coverage market as of the tip of 2020
[0]
.
The next value quotes have been obtained for 3 states representing above-average, common and below-average prices for Medicare Complement Insurance coverage, in comparison throughout all plans and suppliers utilizing pricing information from Medicare.gov
[0]
:
-
Nevada: Dearer than common.
-
North Carolina: Common price for the U.S.
-
Ohio: Inexpensive than common.
The sections under present pricing info from Humana for a 65-year-old feminine nonsmoker and replicate “base” pricing with reductions eliminated or factored out every time the choice was obtainable. (Observe: Some Medigap costs could also be greater for males.)
For comparability, every desk additionally consists of the value for the least-expensive choice to purchase the identical plan from different suppliers, based mostly on info from Medicare.gov. For instance, Humana’s value for Medigap Plan A in Sandusky, Ohio, seems alongside the bottom value on Medicare.gov for all Plan A insurance policies obtainable in Sandusky to an applicant with similar demographics.
Plan A
On common, Humana’s lowest quoted costs for Medigap Plan A have been about 80% greater than the least-expensive Plan A coverage within the space.
Get particulars on Humana’s charges for Medigap Plan A
Plan B
On common, Humana’s quoted costs for Medigap Plan B have been about 55% greater than the least-expensive Plan B coverage within the space.
Get particulars on Humana’s charges for Medigap Plan B
Plan G
Normal Plan G
On common, Humana’s quoted costs for Medigap Plan G have been about 92% greater than the least-expensive Plan G coverage within the space.
Get particulars on Humana’s charges for Medigap Plan G
Excessive-deductible Plan G
On common, Humana’s quoted costs for the high-deductible model of Plan G have been about 76% greater than the least-expensive high-deductible Plan G coverage within the space.
Get particulars on Humana’s charges for high-deductible Medigap Plan G
Plan Ok
On common, Humana’s lowest quoted costs for Medigap Plan Ok have been about 122% greater than the least-expensive Plan Ok coverage within the space.
Get particulars on Humana’s charges for Medigap Plan Ok
Plan L
On common, Humana’s quoted costs for Medigap Plan L have been about 108% greater than the least-expensive Plan L coverage within the space.
Get particulars on Humana’s charges for Medigap Plan L
Plan N
On common, Humana’s lowest quoted costs for Medigap Plan N have been about 78% greater than the least-expensive Plan N coverage within the space.
Get particulars on Humana’s charges for Medigap Plan N
Reductions
Listed below are just a few examples of reductions Humana provides to qualifying Medicare Complement Insurance coverage candidates:
-
On-line utility: New candidates in most states can qualify for a 6% low cost for making use of on-line.
-
Family: Qualifying candidates can obtain a 5% low cost if multiple family member has a Humana Medigap coverage.
-
Recurring funds: Qualifying members can obtain $2 per thirty days off of premiums for organising automated recurring funds utilizing a bank card or checking account.
Obtainable reductions can differ in accordance with components resembling your location, family standing and the way you apply for a coverage.
Humana’s spending on care
77% for member advantages
Medicare Complement Insurance coverage suppliers should report information on the premiums they acquire and the way a lot they spend to offer advantages for members.
Based mostly on the newest yr of knowledge, Humana Medicare Complement Insurance policy spend about 77% of premiums on member advantages
[0]
. (The opposite 23% goes to overhead bills like administrative prices, advertising, salaries and commissions.)
For comparability, the common for all suppliers is 72.3%. The minimal required by legislation for particular person Medigap insurance policies is 60%
[0]
.
335% above common
Members file complaints about Humana Medicare Complement Insurance policy about 335% extra typically than the common for all Medigap plans. That is in accordance with three years’ value of knowledge from the Nationwide Affiliation of Insurance coverage Commissioners for Humana and its subsidiaries that promote Medigap insurance policies
[0]
.
Different insurance coverage choices from Humana and people subsidiaries don’t have as excessive criticism charges, with a criticism charge for all coverage varieties about 11% above the common for all insurers over the identical three years of knowledge.
Right here’s how Humana Medigap members can contact customer support:
-
Name Humana’s Medicare customer support line at 800-457-4708, 8 a.m. to eight p.m. in your native time zone, seven days per week. (TTY dial 711 and observe the prompts.)
There are just a few firms that weigh in on prospects’ experiences with insurers or the power of the corporate in query, and we’ve included two right here:
American Buyer Satisfaction Index: 74 out of 100
AM Greatest Monetary Power Score: A-
Humana is a medical insurance firm headquartered in Louisville, Kentucky. Its insurance coverage choices embody Medicare Benefit plans, Medicare prescription drug plans, Medicare Complement Insurance coverage, employer-sponsored insurance policies, Medicaid protection and dental and imaginative and prescient plans. As of June 2021, Humana has about 8.6 million members throughout all of its Medicare merchandise. Humana posted annual income of $83.1 billion in 2021.
Discover the correct Medicare Complement Insurance coverage plan
As a result of Medigap plans are standardized, you may get exactly the identical Medicare advantages from any insurer providing the plan. So while you store, maintain these issues in thoughts to seek out the most effective coverage to suit your wants:
-
Is your most popular plan obtainable? Insurers don’t all the time promote each plan, so verify who sells the plan you need to purchase in your space.
-
What are the premiums? Costs for a similar plan can differ between insurers, so verify to seek out essentially the most aggressive charges.
-
Will your premiums change over time? Most insurance policies price extra as you age, however some insurers supply insurance policies that allow you to lock in a value while you join.
-
Are there extras? Medigap plans’ core advantages are standardized, however some insurers embody such perks as low cost applications or health club memberships.
You probably have extra questions on Medicare, go to Medicare.gov or name 800-MEDICARE (800-633-4227, TTY 877-486-2048).