Exhibit 12

Humana Inc.

Computation of Ratio of Earnings to Fixed Charges

	For the nine months ended September 30, 2003			For the twelve months ended December 31,
				2002			2001			2000			1999			1998
	(Dollars in thousands)
Income (loss) before income taxes	$	245,004		$	209,934		$	183,080		$	113,990		$	(404,839	)	$	203,083
Fixed charges		30,207			44,349			52,010			52,843			53,592			61,327
Total earnings	$	275,211		$	254,283		$	235,090		$	166,833		$	(351,247	)	$	264,410
Interest charged to expense	$	12,473		$	17,252		$	25,302		$	28,615		$	33,393		$	46,972
One-third of rent expense		17,734			27,097			26,708			24,228			20,199			14,355
Total fixed charges	$	30,207		$	44,349		$	52,010		$	52,843		$	53,592		$	61,327
Ratio of earnings to fixed charges (1)(2)		9.1	x		5.7	x		4.5	x		3.2	x		(3)			4.3	x

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.