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Humana 2026 Analysis Summary

Humana 2026 Outlook: Financials, Retention, and Compensation
Company Health & Financials

As of January 2026, Humana is in a "rehab" mode, focusing on a transition from aggressive expansion to profit-focused stability.

• Margins: Targeting a move from 1% to 2% pre-tax margins in Medicare Advantage.

• Market Adjustments: Exited 13 Medicare Advantage markets and 198 counties, impacting approximately 500,000 to 560,000 members.

• Star Ratings: A current headwind, with only 20% of members in 4-star plans or higher, though recovery is expected by 2027.

Employee Retention

• General Sentiment: Humana remains in the top 25% of large companies for retention, though RTO mandates are causing friction.

• Workforce Changes: Implementation of limited layoffs and voluntary early retirement packages to "right-size" the organization.

• CenterWell: Clinical staff show high mission-based satisfaction but report challenges with work-life balance.

RTO, Compensation, and Bonuses

• Return-to-Office (RTO): A 3-day in-office requirement for most corporate roles is leading to turnover in remote-heavy departments like Tech and Admin.

• Compensation: Annual merit increases are averaging 3.0% to 3.2%. "Skill-based pay" offers higher premiums (4-5%) for AI, Actuarial, and Clinical Management roles.

• Bonuses: Performance-Based Incentives (PBI) are now heavily tied to the company's 2% operating margin target and Star Rating recovery.

• Benefits: 2026 updates include eliminated copays for in-network mental health, modular benefit options (e.g., trading perks for HSA contributions), and an emergency savings match program.


Reality Check

As a former U.S. Bank employee with close to 30 years of experience and experienced unemployment.

Recognize

  • You are owed nothing other than your last paycheck.
  • Benefits are better than most other places.
  • Your colleagues are friendly with you but are not your friends.
  • Anyone including you can easily be replaced.
  • The job market is tough even with high demand skills.
  • Leadership acts on behalf of the shareholders. You should too.
  • Age discrimination is real.
  • RTO is not about you.
  • Business has nothing to do with morality.

You should:

  • Appreciate your paycheck
  • Not complain…not to anyone.
  • Learn and leverage AI.
  • Use all available resources at U.S. bank and anywhere else to improve.
  • Work hard and do your best while you’re employed.
  • Side hustle or develop passive income streams.
  • Stop being entitled.
  • Not share your personal baggage or health issues.
  • Not compare yourself to anyone.
  • Know your worth and find a place that recognizes it.

I am not posting to say what is right or wrong l. All I can say is that it is better to su-k it up and collect a paycheck than having your pride on the unemployment line.


Clarification needed for Teammates w/5 day in office requirement

For teammates that are required to be in office 5 days a week for work, are they required to work from home when inclement weather prohibits them from getting to the office? It would seem if in office teammates are unable to effectively collaborate with a Champion Mindset and build better lives and communities unless onsite, there is no need for them to worry about work if they can't get to the office.


RTO has been Tough – Feeling Isolated

After years of productive remote work, I was dragged back to the dog bone farm, and let me tell you, it’s been a total letdown.
All I see are groups of people clustering together, chatting away in their own language, and yapping on their phones right in the middle of work hours. Meanwhile, the rest of us are trying to focus and get stuff done, but the constant noise and exclusionary vibe is overwhelming.
It’s disappointing and downright discouraging. How are we supposed to collaborate or feel like a team when it’s all cliques and distractions? Anyone else dealing with this?


RTO Ki-ls Companies by Forcing Talent Out

https://www.inc.com/leila-sheridan/kevin-oleary-loves-why-his-companies-will-never-force-a-return-to-the-office/91291726

Kevin O’Leary — a real investor with actual companies laid out why forcing people into offices is a losing strategy:
“If you’re trying to say to people, ‘Oh, you got to work in an office,’ you’ll just get the bottom quartile of people who have no choice.”

He points out that in his portfolio of 50 companies, 40% of employees stayed remote after the pandemic and that’s true across the economy.

That’s pure talent economics. If you force everyone back full time, you literally shrink the talent pool to people who can’t choose otherwise. Meanwhile the companies embracing flexibility get the best performers and stay competitive.

This is about facts not feelings. It’s about results, real hiring markets, and the fact that companies that mandate RTO are choosing the bottom quartile instead of competing for top talent. Investors and workers alike see through it.


RTO

Remote workers, sorry, you saw a real impact. As for all the doomsayers saying no more work from home or hybrid, you were WRONG! Always bringing this up during layoffs cause you are too worried about where someone is doing their job. foh!


Contemplating to stay vs taking another offer

I am considering an offer from a global company where I will mostly be managing/co-developing a team of developers building a product. The downside is I might be the only one on-site in the city and rest are spread across the world. RTO is 2 days a week 40 miles away.

I have a pretty good standing at T but just afraid of all these lay offs and relocations to god knows where. What do you guys think makes sense to do here?


We are the Cleveland Browns

This company feels like a team stuck with bad coaches who refuse to adapt, and the scoreboard proves it. You don’t win by wearing out your players. You win by putting them in a position to succeed.

Employees aren’t asking for less accountability. They’re asking for flexibility, which most of the market already offers. If five day RTO actually drove performance, we would see it in execution, morale, retention, and the stock. We don’t. We see burnout, attrition, and continued underperformance.

In sports, when coaches pile up losing seasons, blow money on bad deals, and lose the locker room, they don’t get more time to tighten discipline. They get fired. And we already have a losing record. Years of bad acquisitions, billions written off, talent walking, and a stock that can’t keep pace with the league.

Good coaches listen to feedback and adjust. Bad coaches double down, blame the players, and keep losing. Flexibility is the fix. Rigid RTO is the mistake. Until leadership accepts that, this team isn’t turning the season around.


AT&T expands in Charlotte, hiring 200 people for cybersecurity jobs in new office

Employees in Charlotte will focus on emerging cyber threats, designing defenses using AI and serving as part of AT&T Dynamic Defense, a network-based security service designed to detect and stop threats before they impact a business.
New office to be located approximately 1 mile from the Charlotte NRC.
And yes, RTO will be in full effect


What is being asked of leaders?

Can someone please share the directives coming down right now? Every leader seems even more in a scramble this week than the last 8 combined.
Yes it’s clear layoffs happened this week, but it’s something more. I had vaguely overheard, I was trying not to be obvious, about a directive that was given from HR about a RTO mandate. As in some directive about a larger mandate to ensure employees are in hubs and not remote. What is going on? All of us see and sense something.


RTO - the real story

Yes, a new Office First policy will be announced.
No, not every employee will be mandated back to an office.
Yes, employees currently assigned as hybrid office based will be required to work from that office each day. No more 3 day schedule. This will happen over a few months.
Yes, if you are currently a virtual employee (meaning that your HR profile which you can access on Talent Central has you listed as virtual), AND your home address is within 31 miles of an OT office, you will be reassigned as an office employee and will be required to work from your assigned office every day. These employees will be given several months before they have to begin working from the office.
Yes, this applies to ALL employees in the US who live within that distance to an office, other than customer facing sales.
No, employees in countries with council will not immediately have to comply. OT is negotiating with these councils.


tic.....tic.....tic..........

Word is new seating assignments have been announced in Deerfield support office. But that the areas assignments for the most part aren't big enough to accommodate all the team members. Also, that the parking lot will be 325-350'ish spots short once OPO staff join in Deerfield in 10 days. Anyone hearing anything else? Feels too quiet this week.


Dallas forecast and RTO compliance

I assume Dallas will shut down this week when the snow hits. Some forecasts predict twelve inches. Is everyone planning to work from home? Or since we can’t get to the office, and that’s the only place we can work, do we get a snow day off? My supervisor is on maternity leave so no info coming,, wondering what others are hearing.


Market Downturn = End of RTO

When revenue tightens and the stock slides, forcing five days in-office is pure waste. Higher real estate costs, higher attrition, lower productivity. If leadership is serious about discipline, RTO should be the first thing cut. However, it will just be headcount. Expect layoffs and FTW letters to increase at record speed.


Loss of Productivity

I was reading this Wharton article about how small slights from employers cause a loss of productivity. link to article: https://penntoday.upenn.edu/news/penn-wharton-when-employees-feel-slighted-they-work-less

PNC better get ready for this on a grand scale. Obviously, RTO increases costs for employees (parking, gas, additional child care, loss of time because of the commute, the list goes on). But we’ve also lost our personal day out of nowhere, HSA wellness contributions have gone down significantly, and rumor has it that bonuses will leave a lot to be desired. All in one year. This company is ran by CLOWNS. I encourage everyone to use every second of every occasional absense day in 2026. Don’t work a minute past 5pm. Don’t even think about logging in on the weekend. They take, take, take and only give back to the C Suite. Don’t give them anything more than the bare minimum, because PNC sure isn’t going to give you anything.


What if we just don't do it?

What if everybody just ignores the 5-day RTO mandate? What exactly can they do if nobody shows up at the office? Fire us all? I'd like to see them try. I know we sadly can't get the majority to agree to this, but I truly believe this would be the best course of action in this situation.


My guesses for layoffs this quarter...

I think the typical departments will get hit hard again - ISG, CSG, Sales, Engineering, and IT... but I also think Dell is going to start going after full remote employees.

Dell no longer allows remote positions (future positions that is) and all new roles/REQs MUST go to the office, meaning they want all employees to be local to an office, right? Well that won't/can't happen until all remote employees are either laid off or quit.. OR relocate on their own dime. They are going to have to start going after remotes sooner or later and I feel like it's gonna be sooner than later; after the RTO mandate. OR, they will tell remotes that they can either relocate and keep their job, or have bonus's/raises minimized + the already not eligble for promotions/internal movement.

I think a LOT of the engineers, PMs, Managers/directors who were very heavily involved in mav will be let go as well, considering the OG deadline was pushed back a quarter...

Just my guess.


eliminate all of the satellite offices

Why don't they eliminate all of the satellite offices and remote employees first? There are some directors, senior directors and VPs that hide at home all the time, some that wear the same clothes days on end that are never in the office. They hide with background pictures of their office, and while their leadership knows it, leadership isn't strong enough to do anything about it. So just fire them. If you are not in one of the 3 campuses, then you should not have a job.