The right health insurance plan can go a long way toward helping you cover your costs and reducing the chance that a serious illness or injury will result in financial devastation. By comparing plans from the best health insurance companies, it’s possible to find coverage designed to work best for you and fit your budget.
In 2018, the accident and health insurance industry’s direct written premium reached $1.1 trillion, up by 57.3% from 2009. The largest 10 insures collectively wrote 51.8% of the total US market, according to the National Association of Insurance Commissioners(NAIC). Based on NAIC’s 2018 data, here are the top 5 accident and health insurance groups.
- Direct written Premiums: $156.9 billion
- Market Share : 14.2%
United Healthcare Group is largest health insurer in the U.S. It offers individual Insurance that meets the Affordable Care Act(ACA) requirements for essential care.
A genuine Standout feature for UHC members is the access to online care, including the ability to order prescriptions online, speak with a nurse through a hotline, and participate in online health programs.
Members can also go online 24/7 to find
doctors and set up appointments ,File claims, and even speak with a doctor through a Mobile device. It even has a Mobile app so you can utilize these resources on the go.
A diversified health and well-being company, UnitedHealth Group’s core capabilities are clinical expertise, advanced technology, and health information. UnitedHealth Group serves consumers and clients in the US and more than 130 different nations through two distinct platforms:
UnitedHealthcare provides healthcare coverage and benefits services, while Optum provides information and technology enabled health services. while Optum provides information and technology enabled health services. The group invests more than $3.5 billion in innovation and technology and process approximately 1.1 trillion transactions every year
2.Kiaser Permanente
- Direct Written Premiums: $93.2 billion
- Market Share:8.5%
Kiaser Permanente trusted name in health insurance. It offers medical care through its managed care organization and network of Kaiser Foundation hospitals and medical centers.
It has won various customer service awards from J.D. Power and Associates and has amazing financial strength ratings. Kaiser Permanente offers private health insurance to residents of California, Colorado, Georgia, Hawaii, Oregon, and Washington state, just as those living in Maryland, Virginia, Washington D.C. Its network includes more than 23,000 participating physicians.
If you live in one of Kaiser Permanente’s coverage areas, you have access to several plan options including bronze, silver, gold, and platinum plans. All Plan types except for gold and platinum offer the option to add a health savings account(HSA).
The health savings account(HSA) options through Kaiser Permanente are available for high-deductible plans. The contributions are tax-free and can be utilized to help pay for qualifying expenses including prescriptions, primary/specialty care visits, doctor/hospitals visits, X-rays , lab tests, ambulance /emergency care services, physical/occupational therapy and vision/dental care.
Kaiser Permanente is ranked the number one overall health insurer on insurer.com. 49% of people they surveyed would definitely recommended it and additional 38% said they would probably recommend it. Also 90% of customers plan to renew their policies.
Kaiser Foundation Health Plan, Inc. operates as a non-profit healthcare organization. The organization offers allergy, audiology, dermatology, cardiology, oncology, laboratory, hospice, occupational therapy, nephrology, pain management, pediatric rehabilitation, and pharmacy services. The Company serves patients in the US.
3.Humana
- Direct Written Premiums: $56 billion
- Market Share : 5.1%
Humana’s Health Insurance Company is aligned to helping members with accomplishing their best by giving personalized, simplified, whole-person healthcare experiences.
Recognizing that every person , family, and community’s medical services needs continue to evolve, Humana creates creative arrangements and resources to help people live the healthiest lives on their terms – when and where they need it.
4.CVS
- Direct Written Premiums : $55.4 billion
- Market Share : 5.0%
CVS Health is a healthcare innovation company with a reason to help individuals on their path to better health. Through its health services, plans, and community pharmacists, it pioneers a new approach to total health.
CVS has more than 9,800 retail locations, almost 1,100 walk-in medical clinics, a pharmacy benefits manager with about 93 million plan members, a diversified healthcare benefits company serving about 22.2 million medical members, a dedicated senior pharmacy care business serving more than 1,000,000(one million) patients each year, expanding specialty pharmacy services, and a standalone Medicare Part D prescription drug plan.
5.HCSC(Health Care Service Corporation)
- Direct Written Premiums : $36.9 billion
- Market Share : 3.4%
Health Care Service Corporation (HCSC), a mutual legal reserve company, is the largest customer owned healthcare insurance company in the US. The company serves more than 16 million members across five states – Illinois, Montana, , Oklahoma, New Mexico and Texas – and employs more than 23,000 people in more than 60 nearby local offices.
Healthy living programs are available including an online health assessment tool, smoking cessation support, weight-loss programs, maternity programs, fitness programs, and a 24/7 nurse hotline. Its secure member website offers every minute of every day(24/7) access to health plan data and online tools.
Mobile alerts are available to members through text or by email including claims information notification, exercise and fitness tips, prescription drug reminder, diabetes diet tips, and heart healthy diet management and care tips. HCSC insurance Service Company, Medecision, Availity, Prime Therapeutics, and Triwest Healthcare alliance.