Humana Inc. Computation of Ratio of Earnings to Fixed Charges												Exhibit 12.1
		Nine months ended September 30,		For the year ended December 31,
		2002		2001		2000		1999			1998(4)		1997
		(Dollars in thousands)
Income (loss)   before income taxes		$	212,441	$	183,0800	$	113,990	$	(404,839	)	$	203,083	$	270,129
Fixed charges			32,638		52,010		52,843		53,592			61,327		28,793
Total earnings		$	245,079	$	235,0908	$	166,833	$	(351,247	)	$	264,410	$	298,922
Interest charged to expense		$	12,888	$	25,302	$	28,615	$	33,393		$	46,972	$	19,617
One-third of rent expense			19,750		26,708		24,228		20,199			14,355		9,176
Total fixed charges		$	32,638	$	52,010	$	52,843	$	53,592		$	61,327	$	28,793
Ratio of earnings to    fixed charges (1)(2)			7.5x		4.5x		3.2x		(3)			4.3x		10.0x
Notes
(1)	For the purposes of determining the ratio of earnings to fixed charges, earnings consist of income or loss before income taxes and fixed charges. Fixed charges include gross interest expense, amortization of deferred financing expenses and an amount equivalent to interest included in rental charges. One-third of rental expense represents a reasonable approximation of the interest amount.
(2)	There are no shares of preferred stock outstanding.
(3)	Due to a loss in 1999, caused primarily by pretax charges of $584.8 million, the ratio coverage was less than 1.0x. Additional pretax earnings of $404.8 million would be needed to achieve a coverage of 1.0x. Excluding pretax charges of $584.8 million primarily related to goodwill write-down, losses on non-core asset sales, professional liability reserve strengthening, premium deficiency and medical reserve strengthening, the ratio of earnings to fixed charges would have been 4.4x for the year ended December 31, 1999.
(4)	Excluding 1998 pretax charges of $132.4 million primarily related to the costs of certain market exits and product discontinuances, asset write-offs, premium deficiency and a one-time non-officer employee incentive, the ratio of earnings to fixed charges would have been 6.5x for the year ended December 31, 1998.