Humana and State Farm® Expand Strategic Alliance to Offer Medicare Advantage Plans
State Farm agents to sell Humana Gold Choice, Private Fee-for-Service Medicare plans
LOUISVILLE, KY and BLOOMINGTON, IL - Oct 10, 2006 - Humana Inc. (NYSE: HUM) and State Farm, the nation's largest property and casualty insurer, announced today that the more than 17,000 State Farm agents will have the opportunity to be licensed to sell Humana's Medicare Advantage private fee for service (PFFS) plans for 2007. The agents are located throughout the United States allowing people with Medicare easy access to an agent who can assist them in understanding and enrolling in these popular medical and pharmacy health benefit plans.
"Humana and State Farm both understand the importance of offering our clients choice, value and access," said Dan Maltese, national director of strategic alliances for Humana MarketPOINT. "Our MAPD alliance will only strengthen the core values that have allowed both companies to be leaders in their industry."
State Farm agents sold approximately 200,000 Humana stand-alone prescription drug plans in 2006. Nationally, Humana enrolled about 3.5 million people with Medicare in the stand alone drug plans.
"Selecting the appropriate Medicare coverage is a top priority for eligible consumers. This marketing relationship is centered on consumer choice with additional access through the State Farm agent," said Robin Thompson, director of life/health product management at State Farm. "The expanded marketing relationship gives consumers more choice when making important health care decisions."
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