Humana Exits Medicare Advantage Plans for 600,000 Members to Lift 2028 Margins
Updated
Updated · Money Talks News · Aug 12
Humana Exits Medicare Advantage Plans for 600,000 Members to Lift 2028 Margins
3 articles · Updated · Money Talks News · Aug 12
Summary
About 600,000 HumanaMedicare Advantage members will lose their current plans in 2027, roughly 8% of the insurer’s 7.2 million MA customers.
Humana said it is cutting its least profitable plans to meet a 2028 margin target, and expects to retain only about 40% of affected members in other Humana coverage.
That implies roughly 360,000 people may need to find coverage elsewhere, though those losing plans qualify for a Special Enrollment Period and a limited guaranteed-issue Medigap window.
The move signals broader retrenchment in Medicare Advantage after about 2.9 million people were displaced by plan exits heading into 2026, with other insurers expected to announce 2027 pullbacks.