---
schema_version: "secwatch.filing_event.v1"
accession: "0000049071-24-000045"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:52:28.925512+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Humana's 2025 Medicare Advantage Star Ratings drop sharply, impacting 2026 bonus payments

## Summary
- Only 25% of Humana's MA members are in plans rated 4 stars+ for 2025, down from 94% in 2024.
- Contract H5216, covering ~45% of MA membership, fell to 3.5 stars from 4.5 in 2024.
- Humana is appealing potential CMS calculation errors and expects no impact on 2024-2025 financial results.
- The company faces increased risk in achieving its individual MA margin target of at least 3% by 2027.

## SEC filing metadata
- accession: 0000049071-24-000045
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000004907124000045/0000049071-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000004907124000045/hum-20241002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049071-24-000045
- JSON: https://secwatch.observer/filing/0000049071-24-000045.json
- Plain text: https://secwatch.observer/filing/0000049071-24-000045.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.