Health Savings Account Blog

"Humana saw an opportunity to offer something of lasting value for consumers at a time when fewer employers are offering health benefits," said Tod Zacharias, president of HumanaOne. "HumanaOne was created with the consumer in mind, and includes a variety of plan options and features meant to affordably meet the consumer's need for individual health insurance coverage."

HumanaOne is built to appeal to individuals and families not insured by their employer, including self-employed entrepreneurs, small business employees, part-time workers, students, early retirees and others needing affordable health insurance coverage. HumanaOne first debuted in Illinois in June of 2002 and is now available in a total of 24 states - Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Illinois, Iowa, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah and Wisconsin.

"In many locations, there are only a handful of companies offering individual health insurance coverage, so our plan should come as welcome news for consumers," said Diane Loram, HumanaOne sales manager for Oklahoma. "These plans are priced competitively to fit within the consumer's budget."

According to Zacharias, Humana's size allows the company to secure volume discounts from doctors and hospitals across the nation. "Unlike many other individual health carriers, Humana most often contracts directly with physicians and other health care providers," said Zacharias. "By owning our own networks, we can achieve greater cost savings and pass those savings along to consumers."

HumanaOne offers the HumanaOne Individual Health Plan, an individual major medical plan, and the HumanaOne HSA, a high deductible health plan compatible with a personal Health Savings Account administered by Chase or a qualified bank of the consumer's choosing. These plans provide preventive care, prescription drug and emergency room coverage, as well as a choice of annual deductible. Each plan includes a range of options, enabling consumers to customize the plan to their specific needs. Optional benefits include individual term life insurance and a dental benefit insured by HumanaDental Insurance Company, Humana's dental insurance subsidiary.

HumanaOne's PPO arrangement allows consumers to visit any doctor or health care provider they choose, or they can receive the highest level of benefits by visiting one of the doctors, hospitals and other facilities within Humana's network. Humana, through the ChoiceCare Network, Humana's national PPO network, contracts with more than 300,000 health care providers in all 50 states. Humana's national presence also means those who work or travel outside Oklahoma can receive in-network benefits from any contracted physician or health care provider, which is advantageous for frequent travelers, students attending college away from home and anyone who moves to a new state.

HumanaOne is marketing its individual health insurance plans through its nationwide network of approximately 25,000 actively appointed independent insurance agents and brokers. "We have longstanding and well-established relationships with insurance professionals across the country, and we are relying heavily on them to bring HumanaOne to the marketplace," said Loram. As in other states, Humana will promote HumanaOne through advertising and direct mail campaigns in Oklahoma.

HumanaOne features a streamlined application process, enabling consumers to apply online or by phone. In addition, HumanaOne guarantees premium rates on all plans for one full year after purchase, provided the customer maintains the same benefits and resides within the same geographic area.

Learn more about HumanaOne HSA at http://www.health--savings--accounts.com/humana-hsa.htm