HUMANA INSURANCE COMPANY

Humana Insurance Company

Humana Insurance Company

Introduction

Humana Inc. was established in 1961. It is a US based company which has its presence in all the states of US. Furthermore, the company offers services related to health benefit insurance plans to a wide range of market segments. This paper aims to discuss basic questions related to the company and its services.

Discussion

Question1: Where is the Insurance Company's Base Hub at?

Humana Inc. offers health benefits solutions to customers and additional benefits insurance plans for the corporate segment consisting of employers, government agencies, and other individuals. Humana largely has its business in the United States. The company's headquarter is situated in Louisville, Kentucky, which has more than 28,000 employees.

Headquarter of the company which is based in Louisville, is known for its exemplary architecture which has been designed by Michael Graves. The construction of the building came to an end in 1985. Furthermore, Humana organized a contest to identify the best design for the building. The other models which the participants had made are also contained in the entrance hall above the Main Street entrance.

In addition to its services, Humana also runs a technologically advanced mail-order service, RightSourceRx. This service has operations in Phoenix, Arizona and West Chester, Ohio. There is a call centre of the company which is established Cincinnati, Ohio and other regions (Suszynski, 2002).

Humana has been good in generating revenues as the company earned approximately $31,000 million by the end of December 2009. This figure indicates a growth of nearly 7% from the year 2008. Furthermore, the company posted an operating profit of approximately $1,700 million by the end of 2009, which was a growth of about 59% as compared to the year 2008. The company had a net profit up to $1,100 million in the year 2009. This reflected a growth of approximately 61% over the year 2008 (Bard, 2002).

Question 2: What Type of Coverage do the Insurance Companies have?

Humana Inc. provides a range of services comprising of benefit plans. These services are related to health benefits and additional benefit plans for the corporate sector which includes employers, government agencies, and other individuals. The key products and services of the company include the following:

Medicare advantage products.

Medicare stand-alone prescription drug products.

Military services.

Medicaid products.

HMO products.

PPO products.

ASO products.

Specialty products:

Dental products.

Vision products.

Disease management services.

Mail-order pharmacy benefit administration services.

Question 3: When was the Company ...