Buying a good and affordable health insurance plan in today’s world seems like a tough task. The cost of health insurance is increasing day by day due to the rise in the cost of health care in the US. A simple visit to the doctor’s clinic can cost around $200 to $300 and if the matter is serious, the patient can expect a large medical bill if he/she doesn’t have health insurance. The best way to be safe is to get an affordable health insurance plan that suits the investor’s profile, but for that the investor has to select a good health insurance company first.
Top Health Insurance Companies in USA
There are many health insurance companies in the US, but not all of them can be called the best choice for people. Today, people don’t need expensive plans, they need plans which can fit in their budget and protect them from uncertain situations. The following names stand out because they understand the thinking of an average American and make sure that he/she gets a plan that they can fit in their portfolio. Here are some great options.
I think most readers wouldn’t be surprised to find Aetna’s name on the top, after all it is the most popular health care service provider in the US. The company offers medical, dental, vision and life, disability and special insurance plans for students, pets, overall wellness, behavioral health care and pharmaceuticals and so on. Majority of the plans offered by the company are targeted towards serving individuals and their families, and some plans are focused towards various types of businesses in which employers offer health coverage plans for individuals.
BlueCross BlueShield Association
The BlueCross BlueShield Association is the parent company of 39 different companies which are independent, community based and locally operated for the benefit of American citizens. This company originated in the year 1929 in the land of Texas and was started especially for teachers as a non-profit health insurance plan. Almost 99 million people in the US are members of the BlueCross BlueShield Association and the company boasts an excellent track record for providing quality and affordable health insurance plans to its members. The company offers dental and medical coverage everywhere in the nation and some of their best plans are Health Reimbursement Arrangement (HRA) and Health Savings Account (HAS). The company has its operation in all the 50 states of the country including the District of Columbia and Puerto Rico. 97% of the hospitals and 90% physicians in the country are signed with the Blue Cross and Blue Shield Association. All the 39 operating companies under the BlueCross BlueShield Association are independent, which means that there is no A.M. Best Company Rating for the entire company. However, every independent company of the BlueCross BlueShield Association has always bagged A Rating when it comes to customer service.
Founded in 1977, UnitedHealthcare today is one of the biggest names in the business of health insurance. Since the inception of the company, their main goal has remained the same; providing affordable and quality health insurance to US citizens. Today, UnitedHealthcare and its sister concern, Uprise Incorporated, serves more than 20 million people in the United States. They have tie ups with more than 5000 hospitals and over 4000 physicians. Their network has spread in all the 50 states and the company has received excellent reviews from many critics for its constant effort to bring in new and improved plans for its members. They offer disability, health, life, vision, dental and pharmacy plans for US citizens.
Another big player in the market of health care, CIGNA serves more than 10 million people in the US. CIGNA is an acronym used for a joint venture between two companies, INA (Insurance Company of North America) and CG (Connecticut General). These companies were formed in the year 1700 and 1800 respectively, which makes this joint venture one of the oldest companies in the US. They provide some excellent dental, medical, vision, behavioral, life and disability plans for clients. More than 15 million people are members of this company and the company has a large fan following in Canada as well.
Humana Health Insurance
Another name in the list of the top health insurance companies of the US. The working style of this company is very different from all the other health insurance companies. Humana has a very different approach and its health insurance plans are especially designed and fall into four categories; Group Health Insurance, Medicare Plans, Individual Health Insurance and Specialty Benefits. The company also provides consumer focused health plans which are aimed to provide maximum benefit to the members. They offer their services in 27 states mostly in the Eastern part of the US. They have an excellent rating from critics and the company is gearing up for some international expansion plans as well.
Well Point, Inc.
Well Point, Inc. is another big player in the world of health insurance. It provides affordable health insurance plans to more than 35 million people in the US. The company very well follows their motto, ‘Improving lives of the people we serve and the health of our community.’ They have a long history of providing affordable health insurance plans for people who can’t afford a big cover for their health. The company is one of the few privileged ones who give the best returns to its customers. Due to their excellent working style and a genuine effort to provide the best health insurance to America, Well Point, Inc. stands tall in this list.
Assurant Heath, founded in 1982, is a subsidiary of Assurant Insurance Company founded in 1969. The company is based in New York and has international operations in Germany, Spain, Italy, Denmark, United Kingdom, Canada, Brazil and Argentina. Assurant Health provides short term health insurance policies to people as well as students. Over 1 million people are covered by Assurant health insurance policies and the company has more than 200,000 agents throughout the country to provide the best service to its customers.
UniCare is also a very familiar name in the health insurance market and now it is owned by Well Point Inc. This organization is focused on delivering quality products to its customers which are more than 13 million in number. They offer various health services such as health, life, pharmacy, dental and disability which are specially designed to satisfy customers from all walks of life. The company uses all its resources in making low-cost plans which an average man can afford.
GroupHealth Cooperative is a non-profit consumer driven health care organization which has been catering to the needs of people in Idaho and Washington since 1947. The company is considered a leader in delivering scientific driven health care products to people. GroupHealth Cooperative offers health plans for senior citizens, kids, parents, teenagers and government employees. They also have a very impressive task force which is appointed to make sure that the customers don’t face any difficulty in understanding the plans.
Mega Life and Health Insurance Company
This company is based in Oklahoma and caters to the needs of the American people. It also offers various health insurance to families and individuals through their special plans which are designed to make life comfortable. Its special plans aim at dental, vision and disability.
The US is one of the biggest countries in the world and it would be quite unfair to name just 10 health insurance companies. Here’s a list of some more big players of the health insurance market.
Harvard Pilgrim HealthCare
TUFTS Health Plan
Health New England
Kaiser Group Incorporated
Coventry Health Care
The Regence Group
Universal American Health Corporation
The Lifetime HealthCare Companies
WellCare Health Plans, Inc
Metropolitan Health Group
Green Valley Health Care
Geisinger Health Plan
Health insurance companies are constantly developing new plans especially designed for customers benefit. People who want to opt for health insurance are advised to read all their terms and conditions very carefully and if they face any problems understanding the financial terms, help from a financial consultant should be taken.