Most people have heard of Humana, and most people have heard of Reader’s Digest. According to the Reader’s Digest, they are partnering with Humana to offer co-branded Medicare products to be introduced near the end of 2011. The initial product offering is to be a Medicare supplement available in several states with plans to increase to all 50 states later. In conjunction with the rollout, Reader’s Digest is slated to release a guide on Medicare decision making this month.
Humana Reader’s Digest Healthy Living Plan Available in 2012
A review of the Medicare 2012 Plan Report shows a new Medicare Advantage Plan slated to be available in 2012. The co-branded Medicare Advantage Plan is named Humana Reader’s Digest Healthy Living Plan. A quick review of the report shows the plan available across many states. The plan network is either an HMO, HMO-POS, Regional PPO or PPO depending on what state you live in. In Florida, the plan is being offered at a zero premium which is a departure from the typically high premiums associated with Humana Medicare Advantage plans. Here is what is detailed in the plan for Florida:
Network: Regional PPO
Part D Drug Coverage: Yes
Part D Deductible: $0
This is all the information released so far, and you will find that the network and premium options change depending on what county and state you live in. The good news is that Humana is finally offering a low cost alternative to Medicare beneficiaries in a time when Medicare Advantage costs were expected to increase. Obviously, the big UNKNOWNS at this point is the level of benefits that the plan will offer, and the size of the network. In some areas last year Humana offered a zero premium HMO, but the network so lacking that few beneficiaries signed up. More information should be available in October so keep your eyes open for this new plan offering from Humana!