Health Insurance Companies are all over the place but which is best? Look, the fact that you need health insurance is an excellent start to a journey to peace of mind. However, the next stop on that train of thought is “Who should I choose to provide me with this insurance?”. There are several insurance providers out there. Some of them are top-notch, and some of them you’d be better to do without. Selecting one, especially one that is right for you, can be tricky. However, we can help narrow down your options.
Here are some of the leading health insurance companies in the United States of America in no particular order.
- Independence Health Group: With its headquarters in the state of Philadelphia, Independence health Group caters to over ten million clients in the district of Columbia and 27 other states. About 25% of Independence health Group’s client is based in southeastern Pennsylvania. They serve a diverse range of clients from small and medium enterprises to corporations, providing pharmacy benefits management, commercial, Medicare, and Medicaid coverage, workers’ compensation, and third-party benefits administration.
- Aetna: Aetna is one of the largest employer-based life insurance providers in the country. As implied, Aetna does not cater to individuals and families. Instead, they provide life insurance through employers and currently have Medicaid plans that serve over 14 states, mainly in the northeast and south. They currently have a client base of over 22 million people.
- UnitedHealth: Apart from being one of the most Tech-savvy companies on this list, UnitedHealth is also one of the largest health and life insurance companies in the united states. With a Market share of about 14.1%, UnitedHealth provides health insurance services to over 130 other countries in addition to the United States, with about 46 million clients within the united states alone.
- Kaiser Permanente: This is a non-profit organization that specializes in Medicaid advantages. They currently only serve clients in the U.S, mainly in the District of Columbia and eight other states: Georgia, Colorado, Hawaii, Virginia, Washington, California, Maryland, and Oregon. With a client roster of about 12.5 million, the company provides allergy, audiology, cardiology, dermatology, oncology, hospice, laboratory, nephrology, occupational therapy, pain management, pediatric rehabilitation, and pharmacy services.
- Anthem Inc.: Anthem Inc. uniquely offers individual health policies that also give access to Health Management Organizations (HMOs), Exclusive Provider Organizations (EPOs), and Preferred Provider Organizations (PPOs). With a market share of over 6.2% and over 106 million clients served through the company and its subsidiaries, Anthem Inc is one of the largest health insurance providers in the United States.
- Cigna: An amalgamation of two other companies -Insurance Company of North America (INA) and the Connecticut General Life Insurance Company, Cigna is global health insurance in over 30 countries. With subsidiaries including Cigna Health and Life Insurance Company, Cigna Behavioral Health, and Loyal American Life Insurance Company, Cigna serves over 106 million customers and holds about 2.5% of the market shares in the U.S.
Their plans include Medicare plans, Medicare supplemental plans, healthcare insurance for individuals and families, dental insurance plans, international health insurance, and other supplemental insurance.
- Centene Corp.: Centene is a Fortune 500 company that offers healthcare to those who do not qualify for Medicare. Centene serves over 50 states in America, has a presence in at least three other international markets, and provides health care plans to over 25 million people in the country. They offer a wide range of health insurance solutions and also contract with other agencies to provide specialty options varying from dental care and mental health to in-home health services, telehealth, and managed vision.
- Humana: Humana is a broad-based health and wellbeing company that offers policies that cover services that most health insurance providers don’t; Services like eyeglasses and contact replacements or dental crown exams. They also offer special needs policies for people living with a severe or disabling chronic condition and those living in a long-term care facility. With a market share of about 5.9%, Humana has a substantial client base, and they offer very affordable HMO policies.
Selecting an insurance provider is a decision that should have a lot of careful thought put into. You should consider your current financial situation, which provider has the best plans most suited to you, and which has the quickest payout rate.