Humana Inc. HUM recently unveiled the expansion of its Medicare Advantage plans to reach four more counties in New Jersey, where it boasts of a strong Medicare Advantage network and offers the same plans across 13 counties. Also, it announced a new Medicare Advantage plan, named Humana Honor Plan, in the state.
With the latest expansion of Medicare Advantage plans, the company will now operate across 17 counties in New Jersey, which is 80% of the state’s counties. Notably, the four new counties that have been added to the company’s New Jersey footprint include Essex, Monmouth and Union counties in Northern New Jersey and Atlantic County in Southern New Jersey.
Moreover, the new Humana Honor Plan, which is a $0-premium Medicare Advantage plan, intends to provide coverage to eligible Medicare individuals across the newly-established New Jersey footprint of 17 counties. Apart from eligible individuals, the new plan seems to be