Humana will be refunding $18.3 million to the Kentucky Public Pensions Authority, whose Medicare plan it administers.
The refund comes from a "recognition of lower-than-expected healthcare costs," according to a news release from the Kentucky Public Pensions Authority.
This includes a reduced number of nonurgent procedures and an increase in retirees using Humana's wellness programs.
"As the administrator of the [Kentucky Public Pensions Authority] health plan, Humana is pleased to partner with the Authority to improve the health and wellbeing of its retiree members while efficiently managing overall healthcare costs," said Tim Snyder, Humana’s group Medicare senior vice president. "While the pandemic caused lower-than-expected healthcare utilization in 2020 that resulted in this refund, we remain focused on ensuring every KPPA member has safe and ready access to the care and support they need."