These are the trusts and entities in the United States of America that are hosted by private healthcare insurance specialists. These are to entertain the life/annuity and property/casualty insurers which are also often referred to as accident and health insurance, primarily outlined by the famous Insurance Information Institute of USA. U.S.A base Health Insurance.
Some of the other renowned facts about health insurance companies include the following:
- In 2020, the health insurance industry’s direct written premiums reached $1.25 Trillion (which is almost an 84% increase from $680 billion which was back in 2011).
- As per the National Association of Insurance Commissioners (NAIC), the top 10 USA insurers collectively constitute 55.3% of the total USA market.
Each USA health insurance company is entitled to a maximum fee as specified by the regulatory body of that country/state.
10 USA best health insurance companies
Given below are the top 10 accident and health insurance groups based on NAIC’s 2020 data. Best Health Insurance option in The United States of America. Health Insurance The client base and other features of each one of them are summarized below:
1. United Health
From the market’s share point of view, this USA’s best health insurance company primarily constitutes 14.1% of the total market which is very significant. It is a diversified health and well-being company established in the 2000s with core capabilities in
- Clinical expertise
- Advanced technology
- Data and health information
Moreover, it serves clients in more than 130 countries through distinct platforms. Additionally, with the help of optimum information and technology-enabled health services, it remarkably provides health coverage and benefits to all.
Besides all, an exciting fact about this company is that it invests more than $4 billion in innovation and technology and successfully processes 1 trillion transactions annually by them.
2. Kaiser Foundation
Kaiser Foundation is the 2nd USA best health insurance company with 80%+ clients in the US. It is top listed because it primarily constitutes about 8.3% of the market share most of which is collected by direct written premiums amounting to $104.2 billion. Typically, Kaiser Foundation Health Plan Inc. operates as a non-profit organization offering numerous services like
- Occupational therapy
- Pain management
- Pediatric rehabilitation, and many more.
03. Anthem insurance company
With a market share of 6.2%, Anthem Inc. directly written premiums constitute about $76.9 billion. That is what makes it 3rd USA best health insurance company in terms of client base. Moreover, this company is exceptionally committed to improving the communities and lives of many people along with making healthcare simpler for them.
Some health plans of this USA based company are
- It serves more than 106 million people which includes over 42 million within its family of health plans
- It is the most valuable, innovative, and inclusive partner for several health patients
- It has specifications in various hybrid and specialist products etc.
In order to meet specific needs of health and diet plans, individual members and employer groups can select from basic and comprehensive plans of this tremendous company to facilitate themselves. Moreover, this company offers many other services including spending accounts and COBRA administration too.
4. Centene Corp
This health insurance entity constitutes a market share of almost 6% with a direct subscription premium of $75 billion. It is a multinational, diversified healthcare company that offers a portfolio of services to government-sponsored healthcare programs, primarily focusing on underinsured or uninsured individuals. Currently, this USA best health insurance company is operating in three international markets and more than 50 states managing about 25 million care members.
In addition, the chain of Centene operates in local health insurance plans and offers a wide range of health insurance solutions. It also has contracts with other commercial organizations for offering specialty services like
- Behavioral health
- Dental benefits
- Pharmacy benefits management
- Care management software
- Correctional healthcare services
- Managed vision
- Specialist pharmacy
- Telehealth services
- In-home health services, and many more.
5. Humana Corporation
Humana USA best health insurance company is primarily aligned to helping patients achieve the best of their health by providing personalized, whole-person healthcare and simplified experiences. Humana’s market share of 5.9% and it is premium holder family subscriptions amount to up to $73.9 billion.
understanding that the financial status of the person, family, and community’s patients continuously evolve, this organization exceptionally creates innovative insurance solutions and resources. Both of them greatly help people to live their healthiest lives on their terms – wherever and whenever they need it.
Its direct revenue from premium holders amounts to $69 billion which aggregates around 5.5% market share. In fact, CVS is an exceptional healthcare USA best health insurance company that has guided the entire world towards a new approach to health, serving through its
- Health services
- Fitness plans
- Community pharmacists
Additionally, CVS has more than 9,900 retail prime locations with 1,100 walk-in medical clinics each constituting pharmacy benefit manager having 100 million plan members. Moreover, this company also suggests a standalone Medicare prescription drug plan to patients by expanding its specialty pharmacy services.
07. Health Care Service Corporation (HCSC
This service corporation holds premium members serving millions of medical people.
Its market share is 3.4% with direct written premiums of $42 billion. Some amazing facts about this corporation are
- It is the largest customer-owned USA best health insurance company.
- It is the first-ever mutual legal reserve company
- It serves five states including Illinois, Montana, New Mexico, Oklahoma, and Texas having a client base of over 16 million members from all
- In 60 local offices, it has more than 23,000 employed people
- Its affiliates, associates, and subsidiaries include
- Dearborn group
- Dental Network of America
- HCSC Insurance Service Company
- Prime Therapeutics
- TriWest Healthcare Alliance.
Through all these, it serves a wide variety of health and life insurance products and services worldwide.
08. Cigna Health
With a minute share of 2.5% of the market, this organization collects revenue of $31.8 billion from its direct premium members. In addition, it has more than 165 million customers and
patient relationships in over 30 countries and jurisdictions globally. Typically, the insurance products and plans of this USA best health insurance include the following:
- Dental insurance plans
- Medicare plans
- Supplemental insurance
International health insurance etc.
09. Molina Healthcare, Inc
Though having only 1.7% of the market share, it falls in the top 10 USA best health insurance companies accounting for an annual premium subscription of $21.4 billion. Moreover, it exclusively focuses on government-sponsored healthcare programs for qualified families and individuals.
Its services are available with expert pharmacists across
- New Mexico
- New York
- South Carolina
- Washington etc.
Furthermore, this exclusive company also offers Medicare products to join in dual demonstration projects to manage the care for eligible patients for Medicare and Medicaid.
10. Independence Health Group
This company serves about 10 million clients in 27 states and the District of Columbia having just a 1.6% market share with a little contribution from its premium subscription holders amounting to $20.1 billion.
A quarter of its diverse customer network is primarily based in southeastern Pennsylvania through which it serves various
- Employer groups
- Small and midsize enterprises
- National corporations etc.
Other services offered by this USA best health insurance company are
- Commercial services
- Medicaid and Medicare coverage
- Pharmacy benefits management
- Workers’ compensation
- Third-party benefits administration etc.
Besides all, the best thing about this organization is that it is an independent licensee of the famous Blue Cross and Blue Shield Association.
Health insurance companies are entities that offer health insurance plans to numerous patients who need to purchase individual health insurance for themselves as well as their families. If any individual becomes sick or injured, Health insurance can help to defray medical costs. However, the area within you reside in will primarily determine which of your nearby health insurers you have primary access to, as health insurance coverage plan options vary from one state to the other.
Nevertheless, the top 10 USA best health insurance companies have high ratings and ranking when it comes to certain factors to be considered like
- Financial strength
- Customer service rating
- Plan prices
- Policy offerings
- Coverage benefits, and many more.
Remember, there is no one best health insurance company in the entire world; the best one for you will indeed depend on the
- The type of private health insurance you need
- Your budget
- The company and its services are readily available in your living region.