"Veterans In Mind": Health Insurer Humana Inks Pact With USAA To Offer Affordable Medicare Plans

Humana Inc. HUM and USAA Life Insurance Company are teaming up to extend their co-branded Medicare Advantage offerings, with a special focus on veterans. 

These plans are crafted to seamlessly complement veterans' healthcare benefits through the Veterans Affairs (VA) system.

In 2024, every Humana USAA Honor plan will offer a $0 monthly plan premium, Part B Medicare premium reduction, dental, vision, hearing coverage, and more. 

For the first time, all of Humana's veteran-focused Medicare Advantage plans are now co-branded as Humana USAA Honor plans and will be available to more beneficiaries in more locations for the 2024 plan year.

The plan will be an option for about 58 million Medicare beneficiaries in 2,655 counties nationwide.

Medicare-eligible individuals can enroll in these plans during the Annual Election Period for Medicare Advantage and Prescription Drug Plans, from October 15 to December 7. Coverage under these plans will commence on January 1.

"We are proud to offer Medicare Advantage plans that create the flexibility and opportunity to choose civilian doctors and specialists, allowing our members to maximize their health care benefits," said George Renaudin, Humana's President of Medicare and Medicaid. 

Price Action: HUM shares are trading higher by 1.08% to $529.87 on the last check Tuesday.