Healthcare DIVE November 2, 2022
Humana said it is seeing strong enrollment in individual Medicare Advantage plans, its core insurance product, two weeks into the annual enrollment period for seniors.
The insurer said it expects to add between 325,000 and 400,000 individual Medicare Advantage members for 2023, an increase of between 7.1% and 8.7% year over year, executives said during Wednesday’s third-quarter earnings call.
Executives said better benefits are attracting more members. For certain plans, Humana members have an allowance for healthy foods, over the counter items, transportation, health supplies, rent and utilities, CEO Bruce Broussard said.
These benefits address seniors most urgent needs on affordability, Broussard said, “which is especially important given current economic conditions and knowing many seniors are on fixed incomes.”
Humana’s...
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