Humana to Discontinue Legacy Medical Plans and Reduce Level Funded Rates

Legacy Medical Plan Discontinuance Effort Underway

Beginning with October 1 renewals, Humana will be limiting the number of fully insured legacy group medical plans with low membership.

For small groups, Humana will first notify agents by email. For large groups, client executives must provide notice to agents. Following agent notification, discontinuance letters are mailed to employers (and subscribers in CO, KS, and KY) with a 90-day advance notice.

Humana Level Funded Rate Reduction

Level funded rates will be reduced for five to nine groups and 10 to 100 groups. Five to nine groups will be effective July 1 and 10 to 100 groups will be effective September 1.

May be worth re-quoting based on the specific situation

Contact your Cornerstone representative with any questions.