Humana Summary
Humana was founded in 1961 in Louisville, Kentucky, as a nursing home. Since its humble beginnings, it has grown into a successful Fortune 500 company and is one of the largest insurance companies around. Serving millions of people across the country, Humana is now one of America’s largest insurance plan providers and one of the few providers offering at least some form of Medigap coverage across all 50 states.
Pros
- Variety of Plans
- User-Friendly Website
- Plans Available in All 50 States
Considerations
- Higher premiums
- Customer Service complaints are common
- Cannot compare competitors’ plans
Top 3 Supplement Companies
Overview
Wide Availability
Humana is a nationwide insurance carrier that can provide plans to all 50 states. There’s a good chance you’ll be able to find a plan that’s available in your area, no matter where you live.
Online Rates
When you fill out the form on Humana’s website, you can immediately see estimated quotes online with discounts and rate breakdowns. They offer transparency about their prices that most competitors avoid.
Information About Other Medicare Products
While looking at quotes for Medicare Supplement plans, you can also click around to find other products and services from Humana, like prescription drug plans. Having all of this information linked together makes researching a breeze.
Easy-to-use Website
The site has easy navigation, making it simple to navigate through and compare many different types of products. This will be helpful for those who don’t consider themselves tech-savvy.
Why Medicare Supplement Insurance?
Having Medicare Supplement Insurance (also called Medigap) in addition to Original Medicare benefits helps to protect you from unexpected costs, allowing you to receive the care you need without worry of financial burden. Because of the guaranteed coverage protection offered during the Open Enrollment Period, it's a great option for those with pre-existing conditions as well. Plus, it allows you to continue to receive the federal Medicare benefits you’ve been paying toward throughout your working years.
Key advantages of Medicare Supplement Insurance:
- Guaranteed renewability each year
As long as you pay your premium, your coverage will continue year after year and cannot be cancelled (except in specific cases, like providing inaccurate information on your application).
- Simple, straightforward plan options
Because they are federally standardized, it’s fairly straightforward to understand and compare your options when it comes to Medigap coverage.
- Nationwide network of doctors and specialists
Medicare Supplement enrollees can visit any doctor that accepts Medicare coverage. Doctors or hospitals that accept Medicare are required to accept all Medigap plans, regardless of insurance carrier.
- More flexibility with treatment options.
Some Medicare plans require you to choose a primary care physician, who has the final say on what providers you can see. Medigap plans allow you the flexibility to select any treatment option you prefer.
