Last $104.74 USD
Change Today -4.06 / -3.73%
Volume 3.1M
HUM On Other Exchanges
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

500 West Main Street

Louisville, KY 40202

United States

Phone: 502-580-1000

Fax:

ts with CMS are renewed generally for a calendar year term unless CMS notifies it of its decision not to renew by May 1 of the calendar year in which the contract would end, or the company notify CMS of its decision not to renew by the first Monday in June of the calendar year in which the contract would end. All material contracts between the company and CMS relating to its Medicare Advantage products have been renewed for 2014, and all of its product offerings filed with CMS for 2014 have been approved. Individual Medicare Stand-Alone Prescription Drug Products The company offers stand-alone prescription drug plans (PDPs), under Medicare Part D, including a PDP plan co-branded with Wal-Mart Stores, Inc., or the Humana-Walmart plan. Generally, Medicare-eligible individuals enroll in one of its plan choices between October 15 and December 7 for coverage that begins on the following January 1. The company’s stand-alone PDP offerings consist of plans offering basic coverage with benefits mandated by Congress, as well as plans providing enhanced coverage with varying degrees of out-of-pocket costs for premiums, deductibles, and co-insurance. The company’s revenues from CMS and the beneficiary are determined from its PDP bids submitted annually to CMS. The company’s stand-alone PDP contracts with CMS are renewed generally for a calendar year term unless CMS notifies it of its decision not to renew by May 1 of the calendar year in which the contract would end, or it notify CMS of its decision not to renew by the first Monday in June of the calendar year in which the contract would end. All material contracts between Humana and CMS relating to its Medicare stand-alone PDP products have been renewed for 2014, and all of its product offerings filed with CMS for 2014 have been approved. The company administers CMS’s LI-NET prescription drug plan program. This program allows individuals who receive Medicare’s low-income subsidy to also receive immediate prescription drug coverage at the point of sale if they are not already enrolled in a Medicare Part D plan. CMS temporarily enrolls newly identified individuals with both Medicare and Medicaid into the LI-NET prescription drug plan program, and subsequently transitions each member into a Medicare Part D plan that may or may not be a Humana Medicare plan. Medicare and Medicaid Dual Eligible and Long-Term Care Support Services Medicare beneficiaries who also qualify for Medicaid due to low income or special needs are known as dual eligible beneficiaries, or dual eligibles. As of December 31, 2013, the company served approximately 312,300 dual eligible members in its Medicare Advantage plans and approximately 954,900 dual eligible members in its stand-alone PDPs. The company partners with organizations, including CareSource Management Group Company, to serve individuals in certain states. It serves members in Kentucky and certain LTSS regions in Florida. In 2013, the company acquired American Eldercare Inc., or American Eldercare, a provider of nursing home diversion services in the state of Florida, serving frail and elderly individuals in home and community-based settings. American Eldercare complements its core capabilities and strength in serving seniors and disabled individuals with a focus on individualized and integrated care, and has contracts to provide Medicaid long-term support services across the entire state of Florida. The enrollment effective dates for the various regions range from August 2013 to March 2014. Individual Commercial Coverage The company’s individual health plans are marketed under the HumanaOne brand. The company offers products both on and off of the public exchange, including exchange offerings in certain metropolitan areas in 14 states. The company offers products on exchanges where it can achieve an affordable cost of care, including HMO offerings and select networks in most markets. The company’s off-exchange products offered in 22 states are primarily PPO and POS offerings, including plans issued prior to 2014 that were previously underwritten. In addition, the company offers most of its on exchange products off exchange as we

 

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HUM

Industry Average

Valuation HUM Industry Range
Price/Earnings 13.5x
Price/Sales 0.4x
Price/Book 1.7x
Price/Cash Flow 10.4x
TEV/Sales 0.1x
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