Best Health Insurance Companies in USA by market share are UnitedHealth Group, Anthem, Centene, Humana and Health Care Service Corp. (HCSC). Together these companies control nearly 46% of the health insurance market. Individuals and businesses can get basic health insurance from any of these companies, as well as extra services including Medicaid and Medicare policies, long-term care insurance, dental insurance, and vision coverage.
Best Health Insurance Companies in USA
- UnitedHealth Group
1. UnitedHealth Group: UnitedHealthcare, which is a subsidiary of UnitedHealth Group, is the largest health insurance provider in terms of total members. UnitedHealthcare provides a wide range of products, from individual health insurance to full-fledged employee benefit plans for some of the world’s largest companies. In addition, its policies are available in all 50 states. The headquarters of UnitedHealthcare are in Minnetonka, Minnesota. UnitedHealthcare, in addition to having the most subscribers, has a network of over 1.3 million physicians and health care professionals, as well as over 6,500 hospitals. This implies that if you have UnitedHealthcare, you will have a wide range of treatment alternatives.
2. Anthem: With over 45 million members, Anthem is the second-largest medical insurance provider by total members. Large and small businesses, individuals, and Medicaid and Medicare markets are all served by the company’s Commercial & Business health care section. The Blue Cross Blue Shield Association owns Anthem. This means that you may come across goods with the BCBS brand when shopping for Anthem insurance on your state marketplace exchange, but you will be purchasing from Anthem. California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, New York, Ohio, Virginia, and Wisconsin are among the states where the company works.
3. Aetna: CVS Health Corp. purchased Aetna in 2018. The organization is now run by CVS Health, which has been able to smoothly combine its provider networks with Aetna’s membership base. Aetna is the third-largest supplier of health insurance and services by membership, having been founded in 1853. However, a large portion of its membership comes from the private market, where it provides health insurance to corporations and their employees. For the 2022 plan year, Aetna returned to a small number of ACA marketplaces.
4. Cigna: Cigna is the United States’ fourth-largest significant medical insurance provider. Cigna, based in Bloomfield, Connecticut, provides health insurance and health services to businesses all around the world. Cigna provides dental, behavioural health, vision, supplementary health, and Medicare/Medicaid coverage in addition to corporate health insurance policies and plan management.
Arizona, Colorado, Florida, Georgia, Illinois, Kansas, Mississippi, Missouri, North Carolina, Pennsylvania, Tennessee, Utah, and Virginia are among the 13 states where Cigna offers individual health insurance. Cigna also offers Medicare Advantage plans in 16 states and the District of Columbia.
5. Humana: Humana is the fifth-largest health insurance provider in terms of membership. The company began selling long-term care insurance in 1961 before expanding into selling health insurance products. Since January 2018, Humana has not issued new individual ACA health insurance, but it will continue to recognize current ACA policies. Humana is now primarily focused on the Medicare market, offering either a Medicare Advantage or supplementary plan (or both) in every state.