"Veterans In Mind": Health Insurer Humana Inks Pact With USAA To Offer Affordable Medicare Plans
Portfolio Pulse from Nabaparna Bhattacharya
Health insurer Humana Inc. (NYSE:HUM) and USAA Life Insurance Company have partnered to extend their co-branded Medicare Advantage offerings, focusing on veterans. The Humana USAA Honor plans will offer a $0 monthly plan premium, Part B Medicare premium reduction, dental, vision, hearing coverage, and more from 2024. The plans will be available to about 58 million Medicare beneficiaries in 2,655 counties nationwide. HUM shares are trading higher by 1.08% to $529.87.
October 17, 2023 | 3:54 pm
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Humana's partnership with USAA Life Insurance to extend their co-branded Medicare Advantage offerings could potentially increase its customer base and revenue, positively impacting its stock.
The partnership with USAA Life Insurance allows Humana to extend its Medicare Advantage offerings, potentially attracting more customers and increasing revenue. This positive news could lead to an increase in investor confidence, driving the stock price up.
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