Comparing the Best: US’s Top Health Insurance Providers of 2024

More than half of the market is dominated by the top health insurance providers in the nation. See this guide to see what kinds of coverage certain insurance provide.With $821.5 billion in premiums written over the course of the previous year, the ten biggest health insurance providers in the US hold approximately 57% of the market share. These numbers come from the National Association of Insurance Commissioners’ most recent market share data (NAIC).

Insurance Business examines these massive players in the market in more detail in this article. We’ll examine the underlying data and provide you with an overview of these businesses’ offerings.

You’ve come to the correct spot if you’re looking for more information about the top health insurers in the country. With the help of this guide, learn about the top 10 health insurance providers in the nation.

The US’s top ten health insurance providers were disclosed

Over $1.44 trillion in premiums were written by the nation’s accident and health insurance industry last year, an astounding 112% increase from $680 billion in 2011. This suggests a healthy health insurance market that meets the needs of the American people in terms of healthcare and medicine.

According to the most recent industry report from NAIC, these are the top 10 health insurance providers in the nation. Direct written premiums are used to order the list (DWP).

United Health insurance Group

Head office: Minnetonka, Minnesota
DWP: $221.4 billion
Market share: 15.4%

With 6,200 hospitals and more than 1.5 million physicians and healthcare specialists, United Health Group has a robust network. The nation’s over 49 million members of the insurer receive medical and dental benefits from these specialists. The membership of the group is broken down here.

Health insurance companies – UnitedHealth Group memberships in the US

All across the country, United Health policies are offered. Via its two business divisions, the massive health insurance company provides services and benefits. These are the following:

United Health Services

The company’s health insurance division, United Healthcare, provides members with a variety of medical services and coverage. These consist of:

UnitedHealthcare Medical Products: A range of reasonably priced health insurance plans offered via its extensive hospital and physician network.

UnitedHealth Wellness: The wellness offerings and programmes chosen by the insurance provider.
Oxford Health: Provides members in Connecticut, New Jersey, and New York with a selection of reasonably priced healthcare products.

Internet-based Services: Simple-to-use internet resources available via the myuhc.com portal.

Members can use their mobile devices to access healthcare services through virtual visits.

Business travel insurance provides mobile employees and their dependents with a range of travel, medical, and personal assistance services.

Read also : What are the 4 most common health insurance plans

Optum

The technology division of the massive health insurance company, Optum, provides information and tech-enabled services across three platforms:

Optum Health provides medical services and healthcare to more than 102 million members.
Optum Insight: Offers life sciences companies, governments, and medical professionals research, analytics, and consulting services.

Members of Optum Rx have access to reasonably priced pharmaceutical goods and services.

Elevance Health

Head office: Indianapolis, Indiana
DWP: $103.4 billion
Market share: 7.2%

Elevance Health changed its name from Anthem to Elevance in June 2022. To serve its more than 47.5 million members, the insurer makes use of its network of 1.7 million physicians and medical facilities. Twenty-one million patients at risk are included in this total.

Elevance Health is the largest managed healthcare provider in the Blue Cross Blue Shield Association and is also one of the biggest health insurance companies in the United States.

This industry giant provides a range of health insurance plans that cover dental, vision, and medical care. Through the group’s Anthem Blue Cross Blue Shield and Wellpoint brands, these policies are offered to employers, individuals, and their families.

Additionally, Elevance Health offers a variety of healthcare services to its members via its Carelon brand and other subsidiaries. In fourteen states, the company’s policies are accessible.

 Health insurance companies – Elevance Health, list of states available

Health insurance providers: Elevance Health; states listed

Centene

Headquarters: St. Louis, Missouri
DWP: $96.4 billion
Market share: 6.7%

For Americans who are uninsured or underinsured, Centene offers a range of services to government-funded healthcare programmes, such as Medicare and Medicaid. The insurer serves more than 28 million members in all 50 states, making it the biggest Medicaid managed care provider in the nation.

Centene provides health insurance and health plans in the area. To offer members specialised services, the company collaborates with other commercial and healthcare organisations. These consist of:

Mental wellness
dental advantages
Software for care management
healthcare services for prisoners
Home health care services
Life and health insurance
Coordinated eye care
Benefits management for pharmacies
specialised drugstore
Telehealth offerings
Nationwide, 67,800 workers support Centene.

Kaiser Permanente

Headquarters: California’s San Francisco
DWP: $89.2 billion
6.2% of the market

One of the biggest healthcare non-profits in the nation is Kaiser Permanente. 12.7 million members are served by the insurer. California, Colorado, Georgia, Hawaii, Maryland, Oregon, Virginia, Washington, and the District of Columbia all offer its health plans.

Budget-based plans are offered by Kaiser Permanente and include the following coverage:

Health insurance companies – what Kaiser health plans cover

These services are provided by Kaiser via its extensive network, which includes:

23,982 medical professionals
68,218 nurses are employed.
39 medical offices and 622 hospitals
Plans offered by the health insurer have affordable premiums and no deductibles. The company employs about 212,970 people to run its operations.

Humana

Louisville, Kentucky serves as the headquarters.
DWP: Eighty-seven billion
Market percentage: 6.0%

Humana is a major managed care organisation in the United States, serving over 17 million people in all 50 states. Affordable options are provided by the health insurer to individuals, employer groups, and anyone else looking for government-sponsored plans. These consist of:

Medicare programmes
Medicaid schemes
plans for dental insurance
Plans for group health
prescription drug plans
plans for vision

Humana offers its products and services to its members on three platforms:

Health Services: Provides employers, individuals, and Humana subsidiaries with wellness and healthcare products and services.
Group & Specialty: Offers commercial health plans and benefits for specialised medical care to both individuals and groups.
Retail: Contains individual health plans such as Medicaid and Medicare.

At Humana, there are roughly 67,100 workers.

CVS Health

Main office: Rhode Island’s Woonsocket
DWP: $83.9 billion
5.8% of the market

One of the biggest health insurance providers in the country, CVS Health offers a variety of healthcare benefits. In all 50 states, it provides services to over 23 million members.

In the US, CVS Health operates nearly 1,100 walk-in clinics in addition to more than 9,900 retail stores. In addition, it runs a senior pharmacy care business that sees more than a million patients annually and a pharmacy benefits manager with roughly 100 million plan members.

The standard benefits are offered by the health insurance giant’s policies. Additionally, members have access to stand-alone Medicare Part D prescription drug plans and specialty pharmacy services.

HCSC

Chicago, Illinois serves as the headquarters.
DWP: $51.0 billion
3.5% of the market

HCSC, also referred to as Health Care Service Corporation, functions as a mutual legal reserve company. With roughly 18.6 million members, it is also the biggest customer-owned health insurance provider in the nation. Through its subsidiaries, the insurer provides life and health insurance policies as well as associated services, such as:

Dental Network of America HCSC Insurance Service Company TriWest Healthcare Alliance Prime Therapeutics Medecision Availity Dearborn Group

Among the most well-known health insurance companies in the US, Blue Cross Blue Shield Association, is a member of which HCSC is a member. The states of Texas, Oklahoma, New Mexico, Montana, and Illinois offer the insurer’s policies. HCSC has over 22,000 employees.

Cigna

Head office located in Bloomfield, CT
DWP: $34.0 billion
2.4% of the market

In the US, Cigna is a global health insurer with about 19.5 million members. With approximately 190 million customers spread across more than 30 countries and territories, it is also among the biggest health insurance providers in the world.

Cigna provides health and dental insurance in the US, including Medicare plans, coverage for overseas medical travel, and supplemental health insurance. It uses two business units to distribute its goods:

Cigna Healthcare: Offers goods and services to members to help them become healthier and feel better at every stage of life.
Evernorth Health Services: Provides members with access to pharmaceutical and healthcare products and services, with the goal of facilitating disease prevention and treatment.

Health insurance companies, Cigna health plans list of states available

Molina Healthcare

Head office: California’s Long Beach
DWP: $28.8 billion
Share of market: 2.0%

Government-sponsored programmes for qualified individuals and families are Molina Healthcare’s area of expertise. These 18 states account for roughly 5.1 million of its members:

Health insurance companies – Molina Healthcare plans list of states available

Molina Healthcare offers a variety of healthcare services to individuals and families in collaboration with state governments. Several states have selected the health insurer to participate in dual demonstration projects, which will oversee the treatment of individuals who meet Medicare and Medicaid eligibility requirements.

GuideWell

Headquarters located in Jacksonville, Florida
DWP: $26.5 billion
1.8% of the market

As a non-profit mutual holding company, GuideWell conducts business. It covers 35 states and about 27 million members. The company has a number of subsidiaries that provide health insurance. These include

Florida Blue is a nearby Blue Cross Blue Shield provider that offers the people of the state a variety of healthcare services. These consist of healthcare services, wellness initiatives, and prophylactic treatment.
Florida Health Care Plans: Provides local people, families, and employers with high-quality health coverage and care services.
Truli for Health: Offers workers in Florida access to reasonably priced health insurance.
Capital Health Plan: Provides communities in the Tallahassee region with reasonably priced healthcare coverage.
The biggest health insurance provider in Puerto Rico, Triple-S Salud, provides open-access network health plans.
In addition to health insurance, GuideWell offers medical services and administrative support for healthcare.

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