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Office Approves Aetna Inc.’s Application to Acquire Humana’s Florida-based Affiliates
February 15, 2016

The Florida Office of Insurance Regulation (Office) issued a Consent Order today approving, with additional requirements, Aetna Inc.’s application to acquire 100% of the issued and outstanding voting securities of Humana Health Insurance Company of Florida, Inc., Humana Medical Plan, Inc., Careplus Health Plans, Inc., and CompBenefits Company. The proposed acquisition of Humana’s Florida companies is part of Aetna’s proposal to acquire Humana, Inc.

Public Hearing for Aetna Inc.’s Request for Acquisition of Humana and Affiliates

The Florida Office of Insurance Regulation (Office) conducted a public hearing on December 7, 2015 at 10:00 a.m. (EST) in Tallahassee, FL, relating to the application for the proposed acquisition submitted by Aetna Inc. If approved, this request would allow Aetna Inc. to acquire CarePlus Health Plans, Inc., Humana Health Insurance Company of Florida, Inc., Humana Medical Plan, Inc. and CompBenefits Company. Aetna Inc. is a health insurance holding company based in Hartford, Connecticut and serves an estimated 46 million people in the health insurance market nationally. For additional financial and other information on Aetna Inc., please visit the US Securities and Exchange Commission website.

The following chart provides information on the number of Florida policyholders who could be affected by this change and each company’s annual financial statement.

Source: NAIC/Company 2014 financial statements

Company Name # of Covered Lives in Florida 2014 Annual Financial Statement
CarePlus Health Plans, Inc.
Health Maintenance Organization - HMO
97,709 Annual Statement
Humana Health Insurance Company of Florida, Inc.
Life, Accident & Health Insurance Company
80,052 Annual Statement
Humana Medical Plan, Inc.
Health Maintenance Organization - HMO
1,048,992 Annual Statement
CompBenefits Company
Prepaid Limited Health Services Organization - PLHSO
1,174,857 Annual Statement

Hearing Details

Public Comment/Testimony

Consumers and other interested parties were allowed an opportunity to submit comments about this proposal until December 17, 2015.

Under Florida law, written communications to the Office are public record; this would include email addresses and phone numbers. They are subject to public disclosure, including being available to the public and media. For more information visit the Office of Insurance Regulation’s Internet Privacy Policy.

Consumer Questions

If you are an Aetna Inc. or Humana member with questions regarding this acquisition, please contact your company.

Contact Information

Communications Office
(850) 413-2515