However, the insurance industry is dominated by five companies: Anthem, UnitedHealthcare Insurance, Humana, Health Care Service Corporation (HCSC) and CVS Health Corp., who control quite 38% of the market.
All of those providers offer best health insurance plans in USA to individuals and corporations , alongside other services that include Medicaid and Medicare policies, future care insurance, dental insurance and vision benefits.
The biggest insurance companies within the USA include well-known insurance providers. Many of those companies offer similar products but some tend to concentrate on additional products like Medicaid and Medicare. We break down the most important health insurers by membership, by revenue and by state below:
Below are the highest 25 insurance companies within the USA. they’re listed by size of market share, in descending order.
As another level of clarification, size of market share doesn’t always correlate with quality of product or service provided, nor does it guarantee the corporate will retain its position through the whole year.
Top 3 Largest Health Insurance Companies In USA
We’ve compiled an inventory of the simplest insurance companies, designed to assist you work out where to start out your search. Your access depends on where you reside , but there’s an honest chance that you’ll be ready to find an idea that works in your circumstances.
United Healthcare Insurance
Two private United plans (both in Rhode Island) scored powerful in the category of Best health insurance companies in the USA . Thirteen plans in six states (Connecticut, Iowa, Massachusetts, New Hampshire, Nebraska, Wisconsin) scored 4.0 in overall NCQA ratings. Thirty-four of United’s Medicare Advantage plans were highly rated, including many sold under the name Sierra Health and life assurance Company.
United offers the complete spectrum of health benefit programs for people , employers, and Medicare and Medicaid beneficiaries, and contracts directly with quite 1.3 million physicians and care professionals also as 6,500 hospitals and other care facilities nationwide.24 Both HMO and PPO plans are available with access to healthcare savings accounts (HSA) and versatile spending accounts (FSA). Its policies may cost a touch quite a number of its competitors, but it’s going to be worthwhile for the additional features.
Molina Healthcare, Inc.
Direct Written Premiums: $18.5 billion
Market Share: 1.7%
Molina Healthcare, a Fortune 500 company, exclusively focuses on government-sponsored healthcare programs for qualified individuals and families. the corporate contracts with state governments and is a health plan providing a good range of quality healthcare services to individuals and families.
Molina provides health plans in California, Florida, Illinois, Michigan, New Mexico , New York, Ohio, South Carolina, Texas, Utah, Washington, Wisconsin, and Puerto Rico. The corporation also offers a Medicare product and has been selected in many nations to hitch in dual demonstration projects to manage the look after those eligible for Medicaid and Medicare.
Humana
Humana comes in as the fifth-largest insurance company by membership. The provider was founded in 1961 and originally sold future care insurance before expanding into selling insurance policies. However, in 2017 the corporate announced that it might not offer individual insurance within the 11 states that it had previously provided plans. If you continue to have a policy from Humana, then it’ll still honor the responsibilities of offering coverage benefits to your plan.
So guys, these are the best health insurance companies in the USA.
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