Form 8-K · Current report
Humana 8-K, filed Oct 9, 2026
- Filed
- CIK
- 0000049071
- Accession no.
- 0000049071-26-000057
Summary
Humana said that, based on final 2027 Medicare Advantage Star Ratings data (Bonus Year 2028) provided by CMS, it exceeded its goal of top-quartile results, defined as Stars revenue per member per month 10% above the peer group median, and affirmed guidance of at least $9.00 in adjusted EPS for fiscal 2026. Humana said it expects some of the outperformance relative to top quartile to be one-time in nature and plans to use the resulting 2028 benefit for one-time investments and shareholder returns.
Key points
- Humana based the results on final 2027 Medicare Advantage Star Ratings data (Bonus Year 2028) supplied by CMS on October 8, 2026.
- Humana's top-quartile goal is defined as Stars revenue per member per month 10% above the peer group median, with the peer group comprising Centene, CVS, Elevance, HCSC and United.
- Humana affirmed FY 2026 adjusted EPS guidance of at least $9.00 and said it does not expect changes to that non-GAAP guidance, while noting possible changes to FY 2026 GAAP EPS.
- Humana plans a virtual investor update on December 10, 2026, and will detail the level and expected use of the one-time 2028 benefit prior to or with 2028 financial guidance on its fourth quarter 2027 earnings call.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 7.01Regulation FD Disclosure
From the filing
Item 7.01 Regulation FD Disclosure. Supplementary Audio Commentary Supplementary audio commentary from Humana’s President and Chief Executive Officer, Jim Rechtin, may be accessed via Humana’s Investor Relations page at https://humana.gcs-web.com/. 2027 Medicare Advantage Star Ratings Based on final 2027 Medicare Advantage (MA) Star Ratings data (Bonus Year 2028) provided by the Centers for Medicare and Medicaid Services (CMS) on October 8, 2026, Humana Inc. (“the Company”) has exceeded its goal of Top Quartile results, which is defined as Stars revenue per member per month (PMPM) 10% above the peer group median. …
An excerpt of the text as filed with the SEC, cut for length.
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