In March 2023, Humana announced it will leave the commercial health insurance market and focus its efforts on government-sponsored products such as Medicare Advantage. The insurer will phase out its fully insured, self-funded and Federal Employees Health Benefits Program plans, along with its wellness and rewards offerings, over the next 24 months, according to a news release. The insurer will continue to serve the Medicare Advantage, Medicare Part D, Medicare supplement, Medicaid and TRICARE markets and retain its dental, vision and life insurance products. Humana’s employer-sponsored plans had 986,400 policyholders at the end of 2022. Humana is the second-largest Medicare Advantage carrier with 5.1 million enrollees.
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