Humana Medicare Supplement Company Review

Humana Medicare Supplement Review


History of the Company




Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. As of 2014 Humana had over 13 million customers in the U.S., reported a 2013 revenue of US$41.3 billion, and had 51,600 employees. In 2018, the company ranked 56 on the Fortune 500 list, which made it the highest ranked (by revenues) company based in Kentucky. It has been the third largest health insurance in the nation.


The U.S. Dept. of Health and Human Services investigated Humana in 2009 for sending flyers to Medicare recipients that the AARP characterized as deceptive. The company’s managed care model has also been criticized for ethical lapses and limitations.


The health insurer Aetna said on July 3, 2015, that it had agreed to acquire its smaller rival Humana for $37 billion in cash and stock but walked away from the deal after a court ruling that the merger would be anti-competitive.


Medical cover is a critical component of our daily lives. With insurance, you get security and peace of mind regarding both known and unforeseen needs, especially specialist treatments. For many individuals, having cover lets you sleep easy knowing that in case of anything, you get the necessary treatment at a facility of your choosing.


With advancement in age, Medicare takes center stage. This program is the United States option for individuals older than 65, or, simply put, seniors. Medicare remains a perfect option for people with specific disabilities or the latter stages of kidney failure. The program comprises of dedicated sections, each covering a particular aspect of health care.


Health Care Benefits Pine


A Brief Overview of Medicare


Part A. This covers the costs of your inpatient care as well as skilled nursing facility costs. Areas such as hospice and home care fall under this section. This section is free for most seniors. Part A caters for the costs of your semi-private room as well. In simpler terms, this part covers your room and board at the hospital as well as outpatient care.


Part B.  This segment covers your outpatient costs. Part B insurance also keeps you covered on all your visits to the hospital. This insurance covers expenses for preventive services, lab work, and surgeries. A crucial aspect of this part is that it includes both kidney dialysis and cancer therapy. Without supplemental cover, these treatments would cost a fortune. Part B changes annually, with Social Security ensuring that premiums vary depending on individual incomes. The IRS uses your gross income over an extended period. Treatments and the cost of scans fall under Part B.


General Medicare consists of Part A and Part B cover, commonly referred to as Original Medicare. This cover leaves a few notable areas out, leading to a considerable amount of copayments, charges, coinsurance, as well as deductibles. To fill the void, you need a Medicare Supplement insurance cover. This crucial addition typically goes by the name ‘Medigap.’ To get the most out of the insurance covers available, you need a proper understanding of the scope of each option.


Once you sign up for Medicare Supplement insurance, you are in a position to pick any doctor, clinic, or hospital that accepts Medicare as a means of payment for services rendered. The cover brings about benefits such as:


  • Portable coverage, allowing you to remain covered across state lines. In some cases, you enjoy medical cover anywhere in the world in all facilities that accept Medicare.
  • Qualification for Medicare guarantees your insurability, even in the event of unforeseen injury or sickness in the future.
  • The Medigap covers have a 30-day money-back guarantee. If after the set duration you decide against continuing with the program, you get a premium refund.
  • When another member of your household opts for Medigap cover, you get to save five percent on monthly premiums
  • Medicare insurance holders may file claims conveniently through an online platform
  • Holders get discounts when they make monthly payments via bank drafts or credit cards.




Humana Medicare Supplement Premiums


*The above rates are from zip code 20120 in Centreville, VA for females age 65. Rates vary based on zip code, gender, age and, in some areas, health. Rates are illustrative in nature and subject to change.


  • Plan A: $81.41
  • Plan F: $131.02
  • Plan G: $104.54
  • Plan N: $85.81


It’s important to keep in mind that all Medicare supplements are federally standardized. Meaning, they must cover the same exact benefits. This makes shopping around a critical step in the Medicare supplement decision process. Be sure to check out the other important factors that should be driving your Medicare supplement decision.




Humana Medicare Supplement Plan F


This Medigap supplement provides the most comprehensive cover, with the broadest variety of benefits. The vast scope of the supplement, in turn, attracts some high premiums in return.  You may purchase a high-deductible Plan F. however, and the lower premiums only materialize upon satisfaction of a specific degree of deductibles. For uniformity, all Plan F covers from different insurers have similar features.


The benefits in a typical Medicare Supplement Plan F consist of:


  • Part A coinsurance as well as hospital costs for up to 365 days after exhaustion of Medicare benefits
  • The first three pints of blood
  • Part B copayment or coinsurance
  • Part A hospice care
  • Coinsurance for skilled nursing facility
  • Part B Medicare deductible and excess charges
  • Up to $50k foreign travel emergency


Despite its comprehensive scope, this cover shall end in 2020. However, if you are born prior to Jan 1, 1955 you will be grandfathered in.


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Humana Medicare Supplement Plan G


This cover is one of the most comprehensive options available. The supplement plan bears all the features of the Plan F, except the Part B annual deductible amounting to $203 for 2021. The Medicare supplement, however, has lower monthly premiums, which sufficiently levels the difference. For lower monthly payments, Plan G gives you a relatively pocket-friendly option compared to F.


One of the two main advantages that Plan G has over Plan F is the lower monthly premiums, which is often more than $30 monthly. Switching from Plan F to Plan G, therefore, saves you between $400 and $700 annually. Considering that both plans provide similar service with the only difference being the annual deductible of less than $200 in Plan F, you save money by migrating to G. Supplement Plan G also covers your hospital deductible, amounting to over $1400. For its many benefits and great value for money, as well as its guarantee for long-term cover, Medigap Plan G is popular among Baby Boomers.


The second advantage is that the Medicare Supplement Plan G offers a long-term solution for your medical insurance. With plan F offering similar features and coming to an end in 2020, you are better suited getting Plan G. Another factor to consider is that Medicare Supplement Plan G historically has smaller rate increments compared to F. You are therefore assured long term health insurance benefits at great value for money.




Humana Medicare Supplement Plan N


Some individuals are comfortable with the idea of copayment for workplace visits, as well as visits that don’t necessitate hospital admission. For such preference, the Medigap Plan N is a perfect option. With a limited scope of cover, monthly premiums are lower as a result. The critical difference between Plan N and F or G is the absence of Medicare Part B deductible and excess charges.


Getting Humana Medicare Supplement cover makes you eligible for the Silver Sneakers program in certain states. This fantastic add-on makes you a primary wellness center member, granting you access to equipment and group exercise classes. This unique opportunity allows you to work with qualified trainers. The Silver Sneakers Steps bridges the gap in case you don’t have access to a wellness center, employing a pedometer-based program to keep up your activity levels through walking.


Humana offers fantastic options, availing flexible options to accommodate a range of individual needs. Medigap plans give a variety of discounts, allowing you to access health insurance and enjoy some much-needed peace of mind in the process.


You can do Anything


Our Opinion


We feel Humana is a solid choice for your Medicare supplement needs. The addition of SilverSneakers gym membership is a great add-on that not many other carriers have. You can enjoy stables rates (subject to area) and solid customer service. If you’d like to explore Humana as a Medicare supplement or to view their rates, please reach out to us!

Prefer to chat by phone? Give us a call at 1-888-559-0103.


Rate stability
Competitive rates
Financial Stability
Coverage Area

Overall Rating
5 / 5 stars

Our TakeHumana is an A- rated carrier. They have the added benefit of the gym membership, SilverSneakers, "built in" to their policies. We feel confident in offering Humana as a secondary to Medicare.

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