Benzinga | Jun 15, 2021 01:03PM EDT

Humana Wins 4-Year Contact With West Virginia Public Employee's Insurance Agency, No Terms Disclosed

Humana Inc. (NYSE:HUM) has been awarded a new, four-year contract with the West Virginia Public Employee's Insurance Agency (PEIA). As part of the contract, effective Jan. 1, 2022, Humana will continue to provide health insurance coverage for the state's 54,000 Medicare-eligible retirees and their Medicare-eligible dependents.

"We value the relationship we have built with the Humana team over the past 11 years," said PEIA Executive Director Ted Cheatham. "The personal approach that Humana brings will allow us to ensure the health and well-being of our retirees for years to come."

PEIA has been a client of Humana's since 2010, when the company was initially selected to provide health insurance to the state's retirees.

"We are honored that Humana has again been selected to provide health insurance to retirees in the PEIA plan for another four years," said Tim Snyder, Humana Senior Vice President Group Medicare. "We remain committed to providing outstanding service and value to retirees who dedicated their careers to serving West Virginia and its residents."

Humana currently serves more than 170,000 West Virginians across the state through a variety of health plans and services, including Medicare Advantage, Medicare prescription drug plans, Medicare supplement, as well as TRICARE coverage for military, military retirees, and their families.

"Our Humana team in West Virginia is thrilled to serve the state's Medicare-eligible retirees and to continue to provide access to quality care from the expansive network of doctors and hospitals that we have in place," said Humana Regional Medicare President Eric Bohannon. "We remain focused on delivering exceptional levels of support through our human care approach, which drives us to go above and beyond to exceed our members' expectations and deliver a more human experience, while helping our members across the state to achieve their best health."