---
schema_version: "secwatch.filing_event.v1"
accession: "0000049071-26-000057"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2026-10-09T10:01:26+00:00"
generated_at: "2026-10-12T15:20:51.015359+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Humana tops CMS 2027 MA Star Ratings goal; affirms FY2026 adjusted EPS of at least $9.00

## Summary
- CMS final 2027 MA Star Ratings (Bonus Year 2028) issued Oct 8, 2026; Humana says it exceeded its Top Quartile goal, defined as Stars revenue PMPM 10% above peer group median.
- Peer group used for comparison: Centene, CVS, Elevance, HCSC and United; calculation normalizes with a $1,370 benchmark, 1.15 risk score and $222 rebate.
- Humana expects part of Bonus Year 2028 outperformance to be one-time, with the benefit funding one-time investments and shareholder returns; details due before or with Q4 2027 earnings.
- FY2026 adjusted EPS guidance reaffirmed at at least $9.00, unchanged from the July 29, 2026 release; GAAP EPS reconciliation not possible during Q3 2026 close.
- CEO Jim Rechtin posted supplementary audio commentary to Humana's IR page; a virtual investor update is set for Dec 10, 2026, marking to market the 2025 Investor Day framework.

## SEC filing metadata
- accession: 0000049071-26-000057
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2026-10-09T10:01:26+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000004907126000057/0000049071-26-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000004907126000057/hum-20261009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049071-26-000057
- JSON: https://secwatch.observer/filing/0000049071-26-000057.json
- Plain text: https://secwatch.observer/filing/0000049071-26-000057.txt

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