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  1. Home
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  3. Healthcare & Pharmaceuticals
  4. Humana Medicare
Humana Medicare logo
Healthcare & Pharmaceuticals

Who Owns Humana Medicare?

Humana Medicare is the Medicare product line of Humana Inc. (NYSE: HUM), a publicly traded health insurer headquartered in Louisville, Kentucky. Humana is the second-largest Medicare Advantage insurer in the United States and added roughly 1 million members (about 20 percent growth) in the annual enrollment period for 2026, with full-year individual Medicare Advantage growth guided at approximately 25 percent. The line operates under a CMS Star Ratings headwind: about 20 percent of members are in plans rated 4 stars or higher for 2026, after Humana lost a court challenge to its 2025 star ratings in October 2025.

Parent Company

Humana Inc.

Founded

1985

Status

Publicly Traded

Headquarters

Louisville, Kentucky, USA

Humana Medicare Timeline

1961
Humana Inc.

Parent company established in Louisville, Kentucky, USA

Company Founded
1985

Humana Medicare

Founded by Humana Inc. (Medicare managed care entry)

Founded
mid rangemarket leaderUnited Statesseniors-65-plusOfficial Website

Who Owns Humana Medicare?

  • Parent Company: Humana Inc.
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: HUM
BrandParent CompanyOwnership Type
Humana MedicareHumana Inc.Wholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonHumana Medicare on Amazon

History of Humana Medicare

  • Founded: 1985
  • Founders: Humana Inc. (Medicare managed care entry)

Humana began as a nursing home company in 1961, converted to hospital operations in the 1970s, and entered health insurance in the 1980s. Its Medicare managed care business grew through the 1990s and exploded after the Medicare Modernization Act created the modern Medicare Advantage and Part D structure in 2003 to 2006, when Humana was among the earliest and largest beneficiaries.

Through the 2010s, Humana became the number-two Medicare Advantage insurer, trailing only UnitedHealthcare. The company progressively shed non-Medicare businesses, exiting commercial individual coverage in 2017 and divesting employer group focus, to concentrate on Medicare, Medicaid dual-eligibles, and the CenterWell care-delivery platform.

The defining recent issue is CMS Star Ratings. After losing its multiyear 5-star contract position in the 2025 ratings, Humana sued CMS to vacate the ratings; a federal court rejected the challenge on October 14, 2025, and Humana appealed. For 2026, only about 20 percent of members sit in plans rated 4 stars or higher (average rating 3.61), creating the Star-bonus headwind that dominates 2026 economics even as membership surged 20 percent in the annual enrollment period.

About Humana Inc.

What does Humana own?
Humana owns a portfolio of health insurance and healthcare service brands organized under the Humana master brand and the CenterWell service brand. The portfolio includes Humana Medicare (Medicare Advantage plans), Humana Medicaid (managed care in 13 states), Humana Marketplace (ACA exchange plans), Humana Pharmacy (prescription drug services), CenterWell (senior primary care clinics, pharmacy, and home health), Humana Group Plans (employer-sponsored specialty products), and Humana Individual Plans (individual and family coverage).

Is Humana publicly traded?
Yes. Humana Inc. trades on the New York Stock Exchange under ticker symbol HUM. The company has been publicly traded since its corporate restructuring in the 1990s and is a component of major healthcare sector indices. Its market capitalization fluctuates with earnings performance and Medicare Advantage policy developments.

Who founded Humana?
Humana was founded in 1961 by David A. Jones Sr. and Wendell Cherry in Louisville, Kentucky, originally as a nursing home company called Extendicare Inc. The company pivoted to hospital management in the 1970s and then to health insurance in 1993, when it spun off its hospital operations. Jones served as CEO for decades and remained chairman until his retirement.

Where is Humana headquartered?
Humana is headquartered in Louisville, Kentucky, USA. The company has maintained its headquarters in Louisville since its founding in 1961. Humana operates major offices and care delivery facilities across the United States to support its national Medicare Advantage and Medicaid operations.

How many brands does Humana own?
Humana owns 8 major brands and product lines across its health insurance and healthcare services portfolio. These include Humana Medicare, Humana Medicaid, Humana Marketplace, Humana Pharmacy, Humana Healthcare Services, CenterWell, Humana Group Plans, and Humana Individual Plans. The company uses a focused brand strategy rather than a broad multi-brand portfolio.

Who owns Humana?
Humana is publicly owned with shares trading on the NYSE under ticker HUM. Ownership is distributed among institutional investors, mutual funds, and individual shareholders. No single shareholder holds a controlling interest. Major institutional holders include Vanguard Group, BlackRock, and State Street Corporation. The company operates independently without any parent organization.

What is Humana's revenue?
Humana reported FY2025 revenue of $129.7 billion, up from $117.8 billion in FY2024. For FY2026, the company guided to total revenue of at least $160 billion. The Insurance segment generated $124.6 billion in FY2025 revenue, representing 96.3% of consolidated premiums and services revenue. The company's revenue is heavily concentrated in Medicare Advantage, which accounted for 82.6% of Insurance segment premiums in FY2025.

Is Humana involved in any legal proceedings?
Yes. Humana is appealing a federal court's October 2025 decision rejecting its challenge to CMS Star Ratings methodology. The company also faces an ongoing DOJ investigation into Medicare Advantage risk adjustment practices. Additionally, Humana is subject to routine litigation related to claim denials and coverage decisions, which is typical for large health insurers. The company discloses material legal matters in its SEC filings.

  • Founded: 1961
  • Headquarters: Louisville, Kentucky, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: HUM
  • Revenue: $129.7 billion (FY2025)
  • Employees: Approximately 67,000

Visit Humana Inc. website

View full company profile for Humana Inc.

Where Is Humana Medicare Made / Based?

  • Headquarters: Louisville, Kentucky, USA

Humana Medicare Categories & Tags

Medicare AdvantageMedicareHealth InsuranceSeniorsAmerican Brand

Humana Medicare Sustainability & Ethics

The Medicare line embeds social-determinants programs including meal benefits, transportation, and in-home support, aligned with Humana's health equity reporting. The company screens members for food insecurity, loneliness, and housing instability and connects them to community resources.

Awards & Recognition

Humana's Medicare plans carry CMS Star Ratings averaging 3.61 for 2026, with 14 percent of members in 4.5-star plans (up from 3 percent in 2025). Historically, Humana held industry-leading star ratings before the 2025 decline that triggered its CMS litigation.

Humana Medicare Recalls & Controversies

Star Ratings Lawsuit: Humana sued CMS seeking to overturn its 2025 Medicare Advantage star ratings; the court rejected the challenge on October 14, 2025. The ratings decline removed billions in quality bonuses and dominates the 2026 earnings outlook.

DOJ Risk-Adjustment Scrutiny: Like other major MA insurers, Humana has faced Justice Department scrutiny and whistleblower litigation over diagnosis coding and risk-adjustment practices, including a long-running False Claims Act matter.

Prior Authorization Criticism: Congressional hearings and CMS rules have targeted MA prior-authorization practices industry-wide, with Humana's scale making it a focal point alongside UnitedHealthcare.

Benefit Reductions: 2025 and 2026 benefit redesigns, including reduced supplemental benefits and higher cost-sharing in some plans, drew member criticism even as they supported margins.

Brands Owned by Humana Inc.

CenterWellHealthcare Pharmaceuticals

CenterWell

Owned by Humana Inc.

Humana's care-delivery brand combining senior primary care clinics, the nation's largest home health operation, and pharmacy services under a unified healthcare platform.

primary-carehome-healthpharmacy
Humana Group PlansHealthcare Pharmaceuticals

Humana Group Plans

Owned by Humana Inc.

Humana's employer group insurance line providing medical, dental, vision, life, and disability coverage to businesses across the United States.

health-insuranceemployer-benefitsgroup-insurance
Humana Healthcare Services (CenterWell Segment)Healthcare Pharmaceuticals

Humana Healthcare Services (CenterWell Segment)

Owned by Humana Inc.

Humana's healthcare delivery division, now operating as the CenterWell segment, combining senior primary care, home health, pharmacy, and related care services.

healthcare-servicesprimary-carehome-health
Humana Individual PlansHealthcare Pharmaceuticals

Humana Individual Plans

Owned by Humana Inc.

Humana's direct-to-consumer insurance line offering dental, vision, hearing, and supplemental health products to individuals outside employer or Medicare coverage.

dental-insurancevision-insurancesupplemental-insurance
Humana Marketplace (Discontinued)Healthcare Pharmaceuticals

Humana Marketplace (Discontinued)

Owned by Humana Inc.

Humana's former individual health insurance marketplace line, which the company exited effective 2018 and no longer offers.

health-insuranceaca-marketplacediscontinued
Humana Medicaid (Healthy Horizons)Healthcare Pharmaceuticals

Humana Medicaid (Healthy Horizons)

Owned by Humana Inc.

Humana's Medicaid managed care product line operating as Humana Healthy Horizons across 13 states, with Georgia and Texas launches planned and D-SNP growth of 18 percent in 2026.

medicaidmanaged-carehealth-insurance
View all brands owned by Humana Inc.

Humana Medicare Ownership: Pros & Cons

Advantages

  • +Number-two position in the fastest-growing insurance segment in the country
  • +20 percent AEP membership growth demonstrates repositioning effectiveness
  • +CenterWell integration gives value-based clinical control unique among MA insurers
  • +D-SNP growth (18 percent) aligns with Medicaid expansion strategy

Considerations

  • -2026 Star Ratings headwind of roughly $3.5 billion pushes MA margins below breakeven
  • -Average star rating of 3.61 trails historical performance and key competitors
  • -Heavy reliance on Medicare creates concentrated regulatory exposure
  • -CMS v28 risk-model transition continues pressuring reimbursement through 2027

Frequently Asked Questions About Humana Medicare

Sources & Further Reading

  • [Humana Medicare Plans](
  • [Humana Investor Relations](
  • [Humana Q4 2025 / FY2026 guidance release](
  • [Humana Q1 2026 posted remarks](
  • [CMS Star Ratings](
  • [NYSE: HUM](

Competitors to Humana Medicare

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Fidelis CareFidelis Care
Centene
USA
1993
Market leaderUnited statesAll-ages
Health NetHealth Net
Centene
USA
1977
Mass marketUnited statesAll-ages
WellCareWellCare
Centene
USA
1985
Mass marketUnited statesAll-ages
WellPointWellPoint
Elevance Health
USA
2024
Mass marketUnited statesAll-ages
AetnaAetna
Cvs Health
United States
1853
Mass marketNorth americaAll Genders
Ambetter HealthAmbetter Health
Centene
USA
2014
Market leaderUnited statesAll-ages

Learn More About Competitors

Fidelis CareHealthcare Pharmaceuticals

Fidelis Care

Owned by Centene Corporation

Centene Corporation's New York State health plan, founded in 1993 by the Catholic bishops of New York and acquired for $3.75 billion in July 2018, serving more than 2.4 million members.

health-insurancemedicaidmedicare
Health NetHealthcare Pharmaceuticals

Health Net

Owned by Centene Corporation

Centene Corporation's California health plan brand, founded in 1977 and acquired for approximately $6.8 billion in 2016, serving about three million members through Medi-Cal, Medicare, marketplace, and commercial plans.

health-insurancemedi-calmedicaid
WellCareHealthcare Pharmaceuticals

WellCare

Owned by Centene Corporation

Centene Corporation's national Medicare Advantage and prescription drug plan brand, acquired from WellCare Health Plans for $17.3 billion in January 2020.

medicaidmedicare-advantagehealth-insurance
WellPointHealthcare Pharmaceuticals

WellPoint

Owned by Elevance Health Inc.

Elevance Health's government health plan brand for Medicaid, CHIP, and Medicare in states where Anthem Blue Cross Blue Shield does not operate, rebranded from Amerigroup in January 2024.

medicaidmedicare-advantagehealth-insurance
AetnaHealthcare Pharmaceuticals

Aetna

Owned by CVS Health Corporation

American managed care and health insurance company offering medical, dental, pharmacy, and behavioral health plans, operating as a subsidiary of CVS Health Corporation.

health-insurancemanaged-carehealthcare
Ambetter HealthHealthcare Pharmaceuticals

Ambetter Health

Owned by Centene Corporation

Centene Corporation's Affordable Care Act marketplace health insurance brand, launched in 2014 and serving 5.8 million members across 29 states as the largest individual-market issuer.

health-insuranceaca-marketplaceobamacare

Competitive Analysis

Market Positioning: Humana Medicare competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Humana Medicare

Looking for brands with different ownership structures? These similar brands are not owned by Humana Inc., giving you alternative choices that support different corporate structures.

BootsHealthcare Pharmaceuticals

Boots

Owned by Walgreens Boots Alliance

Boots is the UK's leading pharmacy-led health and beauty retailer, founded in 1849, now operating as The Boots Group under Sycamore Partners since August 2025.

pharmacyhealth-beautyuk-retail
Privately Owned

Boots is privately owned, unlike Humana Medicare which is under a publicly traded parent company.

Duane ReadeHealthcare Pharmaceuticals

Duane Reade

Owned by Walgreens Boots Alliance

Duane Reade is a New York City drugstore chain owned by Walgreen Co. under Sycamore Partners, operating approximately 90 stores across the five boroughs.

pharmacydrugstorenew-york
Privately Owned

Duane Reade is privately owned, unlike Humana Medicare which is under a publicly traded parent company.

Pharmacy DirectHealthcare Pharmaceuticals

Pharmacy Direct

Owned by Chempro Chemists

Australian online pharmacy operated by Chempro Chemists from Molendinar, Queensland. Offers prescription medications, health products, and wellness items through digital platforms and mail-order delivery.

online-pharmacymail-orderdigital-health
Privately Owned

Pharmacy Direct is privately owned, unlike Humana Medicare which is under a publicly traded parent company.

TirosintHealthcare Pharmaceuticals

Tirosint

Owned by IBSA Institut Biochimique S.A.

IBSA Institut Biochimique SA's branded levothyroxine softgel capsule (Tirosint) and liquid solution (Tirosint-SOL), FDA approved for hypothyroidism, formulated without dyes, gluten, lactose, alcohol, or sugar, providing an excipient-free alternative to conventional levothyroxine tablets for patients with sensitivities or absorption issues.

levothyroxinehypothyroidismthyroid
Privately Owned

Tirosint is privately owned, unlike Humana Medicare which is under a publicly traded parent company.

WalgreensHealthcare Pharmaceuticals

Walgreens

Owned by Walgreens Boots Alliance

Walgreens is the largest U.S. pharmacy retail brand, operating roughly 8,000 stores. It went private in August 2025 under Sycamore Partners as a standalone company.

pharmacydrugstoreretail-pharmacy
Privately Owned

Walgreens is privately owned, unlike Humana Medicare which is under a publicly traded parent company.

AmgenHealthcare Pharmaceuticals

Amgen

Owned by Amgen Inc.

Master biotechnology brand of Amgen Inc., the world's largest independent biotech, covering its full portfolio of biologic medicines.

biotechnologypharmaceuticalsbiologics
Publicly Traded

Amgen operates independently without a large parent corporation.

Humana Inc. Stock Information

Jobs at Humana Inc.

Latest News About Humana Medicare

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Last reviewed: September 25, 2026 · Reviewed by Who Brands Editorial Team