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Humana and State Farm(R) Expand Strategic Alliance to Offer Medicare Advantage Plans

State Farm agents to sell Humana Gold Choice, Private Fee-for-Service Medicare plan

Category:

Tuesday, October 10, 2006 9:05 am EDT

Dateline:

LOUISVILLE, Ky. & BLOOMINGTON, Ill.

Public Company Information:

NYSE:
HUM
US4448591028
"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."

LOUISVILLE, Ky. & BLOOMINGTON, Ill.--(BUSINESS WIRE)--Humana Inc. (NYSE: HUM) and State Farm, the nations 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 Humanas 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.

About Humana

Humana Inc., headquartered in Louisville, Kentucky, is one of the nations largest publicly traded health benefits companies, with more than 11 million medical members. Humana offers a diversified portfolio of health insurance products and related services through traditional and consumer-choice plans to employer groups, government-sponsored plans, and individuals.

Over its 45-year history, Humana has consistently seized opportunities to meet changing customer needs. Today, the company is a leader in consumer engagement, providing guidance that leads to lower costs and a better health plan experience throughout its diversified customer portfolio.

More information regarding Humana is available to investors via the Investor Relations page of the companys web site at http://www.humana.com, including copies of:

  • Annual report to stockholders;
  • Securities and Exchange Commission filings;
  • Most recent investor conference presentation;
  • Quarterly earnings news releases;
  • Replays of most recent earnings release conference call;
  • Calendar of events (includes upcoming earnings conference call dates, times, and access number, as well as planned interaction with research analysts and institutional investors);
  • Corporate Governance Information.

About State Farm

State Farm® insures more cars than any other insurer in North America and is the leading U.S. home insurer. State Farm's 17,000 agents and 68,000 employees serve over 74 million auto, fire, life and health policies in the United States and Canada, and more than 1.8 million bank accounts. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 22 on the Fortune 500 list of largest companies. For more information, please visit www.statefarm.com ®

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Contact:

Humana Corporate Communications
Dick Brown, 502-580-3683
dbrown4@humana.com
or
State Farm® Corporate Communications
Mia Jazo-Harris, 309-766-5242
mia.jazo-harris.sfdx@statefarm.com