Forbes November 6, 2019
Humana said seniors have flocked to its Medicare Advantage plans with membership growth in individual enrollment projected at 530,000 for this year amid government rule changes that allow insurers to offer more benefits.
As of Sept. 30, the end of the third quarter, Humana’s individual Medicare Advantage membership was 3.55 million, which was up 17% from 3 million at the end of the 2018 third quarter, the insurer disclosed Wednesday. The growth this year will boost 2020 enrollment as well, executives said.
Humana said its Medicare Advantage plans are scoring well on the federal government’s star ratings and seeing increased “net promoter scores” as well. Plans that have the highest scores are allowed to market beyond the fall open enrollment...
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