Humana Inc. made an important announcement today regarding its future business focus. The company has decided to discontinue its involvement in the Employer Group Commercial Medical Products business, which includes various medical plans such as fully insured, self-funded, and Federal Employee Health Benefit programs, along with associated wellness and rewards initiatives. This strategic move will not have a significant impact on other Humana health plan offerings. Humana remains fully committed to the sustained growth of its core Insurance lines of business, which encompass Medicare Advantage, Group Medicare, Medicare Supplement, Medicare Prescription Drug Plans, Medicaid, Military, and Specialty services like Dental, Vision, and Life insurance. Additionally, the company is dedicated to expanding its CenterWell healthcare services business.
After conducting a thorough review, Humana concluded that the Employer Group Commercial Medical Products business was no longer well-positioned to meet the evolving needs of commercial members over the long term or align with the company’s strategic objectives. The phased exit from this line of business is expected to take place over the next 18 to 24 months. Humana is fully committed to ensuring a seamless transition of services for its members and commercial customers.