Company: HUM
Filing Date: 2025-03-28
Form Type: 424B5
Source: 0001628280-25-015313
Chunk: 35

Company: HUMANA INC
Filing Date: 2025-03-28
Form: 424B5
Chunk 35
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 to treat any gain recognized on the sale or other disposition of the additional 2031 notes before the resolution of the contingencies as ordinary income rather than as capital gain, and to accrue interest income on a constant yield basis at an assumed yield determined at the time of issuance of the additional 2031 notes, with adjustments to such accruals when any contingent payments are made that differ from the payments calculated based on the assumed yield. You should consult your own tax advisor regarding the potential treatment of the additional 2031 notes as contingent payment debt instruments. The remainder of this summary assumes that the additional 2031 notes are not treated as contingent payment debt instruments.

#### Qualified Reopening
We intend, for United States federal income tax purposes, to treat the additional 2031 notes as issued pursuant to a “qualified reopening” of the existing 2031 notes, which had an issue price of 99.940%. Accordingly, we intend to treat the additional 2031 notes as having the same issue price and issue date as the existing 2031 notes. The remainder of this discussion assumes the correctness of the treatment described in this paragraph.

#### Pre-Issuance Accrued Stated Interest
A portion of the offering price of the additional 2031 notes will be attributable to the amount of unpaid stated interest on the existing 2031 notes that has accrued since October 15, 2024 (the “pre-issuance accrued stated interest”). Pursuant to certain Treasury regulations, we intend to treat a portion of the first payment of stated interest on the additional 2031 notes equal to such pre-issuance accrued stated interest as a non-taxable return of the pre-issuance accrued stated interest, rather than as a payment of stated interest on such additional 2031 notes. The

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remainder of this discussion assumes that this treatment is correct. You should consult your tax advisor concerning the tax treatment of any pre-issuance accrued stated interest on the additional 2031 notes.

#### Payments of Stated Interest
Stated interest on your additional 2031 notes (which should exclude any pre-issuance accrued stated interest, as discussed above) will be included in your gross income and taxed as ordinary interest income at the time such interest is accrued or received in accordance with your method of accounting for United States federal income tax purposes.

#### Bond Premium
If you purchase an additional 2031 note for an